Can Finance Save the World?

CHAPTER 10

A Silent Revolution Is On

Rebooting finance means putting all the malleability and inventiveness of this tool back to work for the common good. It means using it wisely, reorienting the compass, getting it back onto the right course, giving it the right signals. We can’t ignore or diminish the force of the market, the influence of investors, and the desire to be profitable. Instead, these forces need to be channeled for the better (rather than the worse). Further, we can’t deny the immense energy of finance—we must harness this, too, borrowing its coding and using its protagonists (leading and incentivizing them in a different, new way) to manage investments in viable projects that give us a sense of the future. Numerous ideas, innovations, ...