SALT Voices: Lady Lynn Forester de Rothschild | Chief Executive Officer, E.L. Rothschild | Summary and Q&A

TL;DR

Inclusive capitalism is a sustainable and trusted market-based economy that benefits all constituents, addressing the growing dissatisfaction with traditional capitalism.

Key Insights

• 🖤 Inclusive capitalism aims to address the dissatisfaction and lack of trust in the current capitalist system.
• 😮 The rise of socialism and populism indicates a need for reform in capitalism to address the concerns of the majority.
• 👯 Investing in and supporting companies that prioritize people, communities, and the environment can drive positive change.
• ❓ Inclusive capitalism requires a collective effort from investors, companies, and society as a whole.
• 🐎 The concept of a "race to the top" encourages competition among companies to prioritize inclusivity and societal benefits.
• 🪡 The narrative around capitalism needs to include the principles of inclusive capitalism to create a more inclusive society.
• 💱 Change towards inclusive capitalism will not happen overnight but is a necessary step for a better economic and social future.

Transcript

I'm Bethany McClane here at Salt 2019 with Linda Rothschild the founder and CEO of the Coalition for inclusive capitalism so Lin how do you define inclusive capitalism well inclusive capitalism is simply a market-based economy that is sustainable inclusive dynamic strong and trusted and how does it differ from the capitalism that most people believ... Read More

Questions & Answers

Q: How is inclusive capitalism defined?

Inclusive capitalism is a market-based economy that is sustainable, dynamic, strong, and trusted, with a focus on benefiting all stakeholders and communities.

Q: What distinguishes inclusive capitalism from the capitalism perceived in America?

The current perception is that the American capitalist system does not work for the majority of people, making it inherently exclusive and unsustainable.

Q: Why is the issue of capitalism's shortcomings timely?

The growing support for socialism and the anger towards capitalism from both left and right perspectives make it crucial to address inclusivity in capitalism to avoid further divisiveness.

Q: Who are some notable figures advocating for inclusive capitalism?

Ray Dalio, Jamie Dimon, Marc Benioff, and Larry Fink are among the leaders discussing inclusive capitalism, recognizing the need for change.

Summary & Key Takeaways

• Inclusive capitalism is a market-based economy that is sustainable, dynamic, and strong, providing benefits for all stakeholders.

• The current capitalist system in America is perceived as excluding and unsustainable by 60% of Americans.

• The rise of populism and the appeal of socialism among Millennials highlight the urgency of addressing inclusivity in capitalism.