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Chris Pinney

Can Sustainability Help Companies Outperform?

In recent years, the perception that companies that integrate sustainability in their corporate strategy and operations will do so at the cost of financial performance has finally been put to rest.  As a recent study by mainstream investment advisory firm RBC Asset Managers concludes, investors “can pursue a program of socially responsible investing with the expectation that investment returns will be similar to traditional investment options.” The real challenge in attracting mainstream investor interest in sustainability, however, is not to simply prove that sustainability is not a drag on financial performance, but rather that it enables companies to financially outperform…

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Is it Time for Guaranteed Annual Income?

As we move further into the 21st century, a technologically-driven transformation is starting to take hold that will challenge our current economic model for distributing income in society. The key driver for this transformation is the rapid growth of machine intelligence, which is now poised to radically reduce capital’s dependence on human labor. According to David Autor, an economist at the Massachusetts Institute of Technology who has studied the loss of middle-class jobs to technology, “It will be harder and harder to find things that people have a comparative advantage in versus machines.” The impact of replacing workers with machines, coupled…

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Is Income Inequality Really the Problem?

Income inequality is a top policy issue for the Obama administration and a focus of global private and public sector leaders at national and international forums.  But what is driving income inequality, and what does it tell us about the future prospects for economic growth and social development? Most experts agree that the central determinant of income inequality is when the share of national income going to capital (interest, dividends, and other realized investment returns) increases relative to income going to labor (wages, salaries, pension benefits, and other work-related compensation such as insurance benefits and incentive-based compensation). A majority of…

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