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21st century governance challenge

High Meadows Institute
In 21st century governance challenge

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BlackRock Message: Contribute to Society or Risk Losing Our Support Larry Fink, the CEO of BlackRock (the largest investor in the world), is sending a letter to the world’s largest public companies letting them know that in addition to turning a profit, they have to show that they are doing good in the world to receive BlackRock’s support–and a share of its $6 trillion AUM. In the letter, Fink shares HMI’s perspective that government is not doing enough to prepare for future and the onus now rests on the private sector to address societal challenges. Wall Street Fighters, Do-Gooders—And Sting—Converge…

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Chris Pinney
In 21st century governance challenge,

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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Chris Pinney
In 21st century governance challenge

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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