Is Capitalism the New Conservatism?

Demonstrations have impact only if they are taken seriously by the Press, first, then the public. There is an "Occupy Wall Street" quality about these demonstrations, making one wonder how big they really are and who they are representative of. Like Twitter.


                               Is Capitalism the New Conservatism?

There is always an elite looking for righteous self-expression. Two of the three big index providers, BlackRock and State Street Global Advisors, have both said they will ramp up their political activism this year.

Economic commentator Scott Grannis recently predicted that this economic shutdown will be recognized as “the most expensive self-inflicted [economic] injury in the history of mankind.” So while private companies struggle for survival in the face of unprecedented economic disruption, some of the world’s largest asset managers seem unconcerned as they continue to pressure companies to publish questionable sustainability reports. This has all the appearance of another self-inflicted wound.

Sustainability usually breaks down in some fashion to one sustainable group raiding another more sustainable group. Or one self-appointed leadership group organizing it all with an iron fist. With conservation and sustainability there are necessary limits to effort and production. The other definition for that is "scarcity." There is sometimes just too much sustainability for others to benefit.

You just can't dress this wolf up.