The fact that we're seeing this fresh focus on the uses of capital to achieve social benefits tells us that there is a real opening now for vastly greater collaboration between impact investors and community banks. It's up to us to create a finance infrastructure that enables social enterprises to thrive.
Within portfolios, philanthropy can reward more entrepreneurial approaches to public-private partnerships, cutting-edge technology, cross-sector data and civic engagement. And it can leverage a modern toolkit, including social impact bonds and other innovative financing mechanisms, impact investing and outcome-focused partnerships with civil society, government and industry.
The only solution is for each of us to pull our money from publicly traded stocks and bonds. It's not that the companies or the people who work for them are bad, but that the trading system is being manipulated by a few people who are driven to make as much money as they can in the shortest time possible.