Gore Says Capitalism’s Short-Term Focus Is Hurting Companies

Former U.S. Vice President Al Gore said capitalism is coming under increased scrutiny and needs to change as short-term thinking has driven a wedge between investing and the creation of value for corporations.

“In spite of its benefits, it’s now associated in the minds of people all over the world with a growing set of problems and challenges that require us to address needed reforms in capitalism,” Gore, who’s also a Nobel Prize laureate, said today in a speech in Stockholm.