Is Impact Investing Attempting To Solve Problems Using The Tools That Created Them? - #1019
Never miss another interview! Join Devin here: http://bit.ly/joindevin. Read the full Forbes article and watch the interview here: http://bit.ly/2D9ZPhx. Jed Emerson, 59, widely recognized in the impact investing community, recently published a new book, The Purpose of Capital: Elements of Impact, Financial Flows and Natural Being, that calls into question some of the fundamental precepts of the movement, the very underpinnings of capitalism. Impact investors seek to solve social problems from poverty to climate change by making investments that will not only mitigate the ills but will provide a financial return. Early in his book, Emerson observes, “There is a central challenge in this effort to ‘do well and do good’ in that at its core is a commitment to making use of the very financial tools that have failed to create a just, equitable and sustainable world in the pursuit of creating a more just, equitable and sustainable world.” He’s suggesting we may be treating burn victims with fire because we depend on the light it provides. He may also be questioning our sanity by suggesting we're hoping to solve a problem by continuing to do much the same thing that created it. Read the full Forbes article and watch the interview here: http://bit.ly/2D9ZPhx. Be a hero! Join the elite group of supporters who ensure that stories like this can continue to be shared! Visit heroes4good.org to become a hero now.