Venture capital is flowing into "green" technologies even though most of them are too inefficient to compete in the free market. Kleiner Perkins Caufield & Byers said Thursday it will invest $500 million in green technology companies. However:
"Although Silicon Valley will benefit, Europe is also a promising area because of eco-friendly government policies,..."
Translation: "No one would use this crap on their own accord, but since the statists across the pond are forcing their citizenry to buy this junk, we're going to take advantage of it."
They should change their names to Venture Opportunists. They sure as hell aren't capitalists.
And what else do we learn?
"The Green Growth fund will collaborate with Al Gore's Generation Investment Management, which is based in London. Gore is also a partner in Kleiner Perkins."
And I thought it was the global warming "deniers" who were well funded? Poor Al. He's too much of an incompetent boob to make money honestly, so he has to resort to cajoling governments into buying into his hoax and force people to give him money; as long as he keeps sharing the loot. Actually, it doesn't take any cajoling since the EU and UN kleptocrats are always looking to make a buck through raw power.
But Al still has his eye on the big prize: The U.S. We are witnessing the genesis of the largest fraud in human history.
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