“Ethical Markets highly recommends this report “Inequality As a Systemic Risk“ to all investors, asset allocators, pension fund trustees and portfolio managers and consultants, and especially to the executives and elites at the World Economic Forum in Davos, who are wringing their hands about exactly the global systemic risks of inequality! Kudos to Green Alpha Advisors, Cornerstone Capital and to all the other pioneer asset managers we list in our free Ethical Money Directory!
Inequality is now clearly driving political revolts by those bypassed in many countries where narrow economic forms of globalization: from the 1980s “Big Bang” deregulation of financial markets which led to the meltdown of 2008, to the promotion of “free” market privatization, “free trade“ and continued focus on steering economies with the obsolete money-based GDP scorecard which ignores social and environmental costs. See my interview in FORBES and articles on www.ethicalmarkets.com.
We support the shift from GDP to SDGs, the UN Sustainable Development Goals ratified by 195 member countries in 2015!
When full-spectrum accounting replaces obsolete economic textbooks, it is clear that more equitable, inclusive, knowledge-richer, sustainable societies are the route to our next technological development stage: the GREEN NEW DEAL, needed in the USA and the world!
As our Green Transition Scoreboard® reports have tracked annually since 2009, private investors have been leading the way, with our 2018 report showing a cumulative $9.3 trillion and how startups are growing green jobs and helping protect our climate from further damage.
Hazel Henderson, Editor, author of “Mapping the Global Transition to the Solar Age: From Economism to Earth Systems Science, Foreword by NASA Chief Scientist D. Bushnell (2014, free download).“
Inequality as a Systemic Risk
The threat, its causes and potential solutions
Dive Into the New White Paper »Time and again, history has demonstrated that extreme levels of inequality can undermine a civilization‘s ability to thrive.
Inclusive and sustainable prosperity is at our doorstep.
‘It will never work’ is not an excuse.
Inside the White Paper:
What is to be done?
Key Highlights:
- Societies of the past illustrate risks posed by extreme inequality. Civilizations across history demonstrate that wealth and income inequalities can and do rise to the level of ‘dangerous risk,’ most often manifesting in the form of eroding social cohesion and even civil strife.
- Inequality in the U.S. is reaching an extreme. As both the richest and one of the most unequal countries in the world, the United States may be particularly fertile ground for the destructive outcomes of this rising risk.
- Solutions to inequality present opportunities economy-wide. Some possible means of mitigating inequality: prepare people for jobs that add value in a digital age, create human-empowering tech and distribute ownership, invest in a diverse workforce and leadership, and develop protective and equitable policies.