Fixing the Freest Marketplace Money Can Buy

This is an excerpt from my article originally posted on the Standford Social Innovation Review on 03/30/16 We live with an illusion so powerful that we endlessly mistake it for reality. Merriam-Webster defines “free market” as “an economic market or system in which prices are based on competition among private businesses and not controlled by a...

Insights on Millennials from Goldman Sachs

Goldman Sachs recently published a “data story” on the social and commercial behaviors of the millennial generation Y (those born between 1980 – 2000). Millennials make up the biggest generation in United States history, and have grown up in a time of rapid economic, technological, and environmental change, which presents them with challenges very...

Must (absolutely positively) see this movie

Just saw The Big Short that chronicles the 2008 financial collapse through the stories of a small handful of people who realized what was happening to the U.S. economy while it was still happening — and then made vast fortunes by betting against the markets while everyone else lost billions of dollars, their homes, retirement savings and their jobs. That of...

The Trouble with Inequality

This post first appeared in my new column Inspired Protagonist on Greenbiz.com. http://www.greenbiz.com/article/trouble-inequality-sustainability The Wall Street bonus pool for last year was roughly double the total earnings of all Americans who worked full time at the federal minimum wage. The New York State Comptroller recently reported that the size of...

The Poverty Creation Industry

Recently Joe Brewer, Alnoor Ladha and Martin Kirk had the audacity to describe what they call the “Poverty Creation Industry.”  http://truth-out.org/opinion/item/15726-its-time-to-shine-a-light-on-the-poverty-creation-industry They write that, “Poverty is human-made. It is created – knowingly and with scientific efficiency – by a vastly...

HSBC Funds Suspected Terrorists and Gets a Slap on the Wrist

Have you heard about HSBC’s terrorist funding scandals? How about the many banks involved in LIBOR rigging, essentially playing games our money? If you’re an ordinary person, hearing these things was shocking.  But let me be clear: it’s not shocking that banks have shady deals, what is shocking is the extent to which they were able to commit these crimes...