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color: rgb(0, 0, 0); font-style: italic; font-family: Calibri, Helvetica, Arial, sans-serif;">Weekly episodes in search of Asia Corporate Purpose</span></div></div></div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-divider"> <table class="editor-divider" width="100%" cellpadding="0" cellspacing="0" border="0" style="min-width: 100%;"> <tbody> <tr> <td class="" align="center" valign="top"> <table width="100%" class="galileo-ap-content-editor" style="cursor: default; min-width: 100%;"> <tbody> <tr> <td class="divider-base divider-solid" width="100%" align="center" valign="top" style="padding: 9px 0px;"> <table cellpadding="0" cellspacing="0" border="0" align="center" style="width: 100%; min-width: 100%; height: 1px;"> <tbody> <tr> <td height="1" align="center" style="background-color: rgb(207, 143, 18); padding-bottom: 0px; border-bottom-style: none; height: 1px; line-height: 1px;" bgcolor="CF8F12"> <div><img alt="" width="5" height="1" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/1101116784221/S.gif" style="display: block; height: 1px; width: 5px;"></div> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class="feature-margin" align="left" valign="top" style="background-color: #FFFFFF; padding: 0px 20px;" bgcolor="#FFFFFF"> <table width="100%" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="feature editor-col OneColumnMobile" width="100%" align="left" valign="top" style="background-color: rgb(255, 255, 255);" bgcolor="FFFFFF"> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text feature-heading-text" align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 18px; color: #000000; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; font-weight: bold; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div> <div style="text-align: center;" align="center"><span style="font-size: 16px; font-weight: normal; font-family: Calibri, Helvetica, Arial, sans-serif;">In conversation with</span></div> <div style="text-align: center;" align="center"><span style="font-size: 20px; font-family: Calibri, Helvetica, Arial, sans-serif;">Pietro Ventani</span></div> <div style="text-align: center;" align="center"><span style="font-size: 16px; font-weight: normal; font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Capitalism's Right of Passage - Part 2</span></div> <div style="text-align: center;" align="center"><br></div> <div style="text-align: center;" align="center"> <span style="font-size: 16px; font-weight: normal; font-family: Calibri, Helvetica, Arial, sans-serif;">Click </span><a href="http://www.insideasiapodcast.com/capitalisms-passage-pt2/" rel="noopener noreferrer" target="_blank" style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(207, 143, 18); font-weight: normal; font-style: normal; text-decoration: underline;">here</a><span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal;"> to listen to the full </span><span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Inside Asia</span><span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal;"> episode</span> </div> </div></div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-divider"> <table class="editor-divider" width="100%" cellpadding="0" cellspacing="0" border="0" style="min-width: 100%;"> <tbody> <tr> <td class="" align="center" valign="top"> <table width="100%" class="galileo-ap-content-editor" style="cursor: default; min-width: 100%;"> <tbody> <tr> <td class="divider-base divider-solid" width="100%" align="center" valign="top" style="padding: 9px 0px;"> <table cellpadding="0" cellspacing="0" border="0" align="center" style="width: 100%; min-width: 100%; height: 1px;"> <tbody> <tr> <td height="1" align="center" style="background-color: rgb(207, 143, 18); padding-bottom: 0px; border-bottom-style: none; height: 1px; line-height: 1px;" bgcolor="CF8F12"> <div><img alt="" width="5" height="1" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/1101116784221/S.gif" style="display: block; height: 1px; width: 5px;"></div> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class="article editor-col OneColumnMobile" width="100%" align="left" valign="top"> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text article-text" align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 16px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div><div style="text-align: center;" align="center"> <span style="font-size: 14px; color: rgb(76, 76, 76); font-family: Calibri, Helvetica, Arial, sans-serif;">This episode of Inside Asia is sponsored by </span><a href="https://www.quilt.ai" rel="noopener noreferrer" target="_blank" style="font-size: 14px; color: rgb(60, 36, 94); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold; font-style: normal; text-decoration: underline;">Quilt.AI</a>,<span style="font-size: 14px; color: rgb(76, 76, 76); font-family: Calibri, Helvetica, Arial, sans-serif;"> a mission-first technology company that helps large organizations use the Internet more purposefully. It&#x2019;s looking to reverse fractures in society and generate empathy, while helping organizations understand their consumers and beneficiaries much better. </span> </div></div></div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-divider"> <table class="editor-divider" width="100%" cellpadding="0" cellspacing="0" border="0" style="min-width: 100%;"> <tbody> <tr> <td class="" align="center" valign="top"> <table width="100%" class="galileo-ap-content-editor" style="cursor: default; min-width: 100%;"> <tbody> <tr> <td class="divider-base divider-solid" width="100%" align="center" valign="top" style="padding: 9px 0px;"> <table cellpadding="0" cellspacing="0" border="0" align="center" style="width: 100%; min-width: 100%; height: 1px;"> <tbody> <tr> <td height="1" align="center" style="background-color: rgb(207, 143, 18); padding-bottom: 0px; border-bottom-style: none; height: 1px; line-height: 1px;" bgcolor="CF8F12"> <div><img alt="" width="5" height="1" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/1101116784221/S.gif" style="display: block; height: 1px; width: 5px;"></div> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text editor-text " align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 14px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div><table class="editor-image OneColumnMobile" style="mso-table-rspace: 5.75pt;" align="left" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="image-cell " align="center" valign="top" style="padding: 0px;"> <div class="publish-container"> <a href="http://www.insideasiapodcast.com/capitalisms-passage-pt2/" style="color: #597274; font-weight: normal; font-style: normal; text-decoration: underline;"> <img alt="" class="" style="display: block; height: auto !important; max-width: 100% !important;" width="260" border="0" hspace="0" vspace="0" src="https://files.constantcontact.com/41ca3c44701/e8b23d64-824a-41d8-ad50-647739c02bb3.jpg"> </a> </div> </td> <td class="mobile-hidden" width="15" height="1" align="center" valign="top" style="height: 1px; line-height: 1px; padding: 0px;"> <img alt="" width="15" height="1" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif" style="display: block; height: auto; max-width: 100%;"> </td> </tr> <tr> <td class="mobile-hidden" height="5" align="center" valign="top" style="height: 5px; line-height: 1px; padding: 0px;"> <img alt="" width="1" height="5" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif" style="display: block; height: auto; max-width: 100%;"> </td> <td class="mobile-hidden" width="5" height="5" align="center" valign="top" style="height: 1px; line-height: 1px; padding: 0px;"> <img alt="" width="5" height="1" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif" style="display: block; height: auto; max-width: 100%;"> </td> </tr> </tbody> </table></div> <div class="text-container galileo-ap-content-editor"><div> <div> <span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">No, you're not experiencing an episode of </span><span style="color: rgb(32, 33, 34); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic; font-size: 16px;">d&#xe9;j&#xe0; vu</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">. I'm back again in a second conversation with economist and investment advisor, </span><a href="https://www.linkedin.com/in/pietroventani/" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px; font-weight: normal; font-style: normal; text-decoration: underline;">Pietro&#xa0;Ventani</a><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">.</span> </div> <div><br></div> <div><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">The topic remains the future of Capitalism, but this time with a twist.</span></div> <div><br></div> <div><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">So, this is what happened a couple of weeks ago. I was sitting in the member&#x2019;s lounge of a local club, and he comes up to me, sits down, and pushes a piece of paper across the table. He says: &#x201c;I&#x2019;ve been thinking about things. There&#x2019;s more to it.&#x201d;&#xa0;</span></div> <div><br></div> <div> <span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">What he&#x2019;s referring to is an initial conversation that resulted in our first</span><span style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">&#xa0;</span><a href="http://www.insideasiapodcast.com/capitalisms-right-of-passage/" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px; font-style: italic; font-weight: normal; text-decoration: underline;">Capitalism&#x2019;s Right of Passage episode</a><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">. It came out on April 2</span><sup style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px; line-height: 0; mso-text-raise: 30%;">nd</sup><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">&#xa0;and stirred up something of a debate.&#xa0;</span> </div> <div><br></div> <div> <span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">I looked down at the paper, unfolded it, and there, printed in black and white, were four statements &#x2013; all carefully bulleted. I&#x2019;ts paragraph had it&#x2019;s own heading. There was &#x201c;The Problem.&#x201d; Followed by &#x201c;Root Causes.&#x201d; Then came, &#x201c;What governments are doing to fix the problem.&#x201d; And finally, &#x201c;What governments&#xa0;</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px; font-style: italic;">should</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">&#xa0;do to fix the problem."</span> </div> <div><br></div> <div> <span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">We had a coffee, talked it over, then retreated to a corner of the club to have the conversation you&#x2019;re about to hear. We got straight to the point. And if I&#x2019;m not mistaken, we address&#xa0;</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px; font-style: italic;">in it&#x2019;s entirety</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">&#xa0;the problem with current day Capitalism. I&#x2019;m joking, of course. But I have to say, it was a pretty tight and focused conversation. &#xa0;</span> </div> </div></div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-image"> <table class="editor-image editor-image editor-image-vspace-on" style="min-width: 100%;" width="100%" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td align="center" valign="top" style="padding-top: 10px; padding-bottom: 10px;"> <div class="publish-container"> <img alt="" class="" style="display: block; height: auto !important; max-width: 100% !important;" width="581" border="0" hspace="0" vspace="0" src="https://files.constantcontact.com/41ca3c44701/278d1b6c-7642-47fd-bcba-b0bcff2656f9.jpg"> </div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text editor-text " align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 14px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Can Capitalism Self-Correct?</span></div> <div><br></div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Clearly, there&#x2019;s no simple solution to what ails our Capitalist system. In fact, some argue there&#x2019;s no ailment to begin with. All the system needs is time to work things out. Capitalism, they say, is inherenty self-correcting. But that&#x2019;s like saying every disease should be treated like the common cold. Sooner or later the body rebels.&#xa0;</span></div> <div><br></div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">If a healthy global economy is what we&#x2019;re after, Pietro says that no long-term good will be served by ramping up public debt. Yet, time and again, government spending has served as an expedient solution to appease the masses. The irony of the past five decades of economic growth is that it&#x2019;s come hand-in-hand with a decline in public services.&#xa0;</span></div> </div></div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-image"> <table class="editor-image editor-image editor-image-vspace-on" style="min-width: 100%;" width="100%" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td align="center" valign="top" style="padding-top: 10px; padding-bottom: 10px;"> <div class="publish-container"> <img alt="" class="" style="display: block; height: auto !important; max-width: 100% !important;" width="582" border="0" hspace="0" vspace="0" src="https://files.constantcontact.com/41ca3c44701/9edbddf2-f369-4b72-8e1b-1a14567fc0c7.jpg"> </div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text editor-text " align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 14px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">The Twin Curse of Debt and Income Inequality </span></div> <div><br></div> <div> <span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">&#xfeff;</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">For the wealthy, it&#x2019;s no big deal. Don&#x2019;t like the local public school? Send your kid to private school. Not happy with the waiting lines at public hospitals? Not to worry. You can pay out of pocket for private care. Businesses from banks, to insurers, to tech companies and law firms embrace the path we&#x2019;re on. </span> </div> <div><br></div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Millons of service sector jobs worldwide have been created in recent years to cater to the needs of consumers who can&#x2019;t get what they want from public services. You see where I&#x2019;m going, right? That incremental dollar earned by someone who is poor versus those who are rich matters a lot more. Which brings us to Pietro&#x2019;s second biggest concern &#x2013; income inequality. And this is where the mobius loop folds in on itself. </span></div> </div></div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-image"> <table class="editor-image editor-image editor-image-vspace-on" style="min-width: 100%;" width="100%" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td align="center" valign="top" style="padding-top: 10px; padding-bottom: 10px;"> <div class="publish-container"> <img alt="" class="" style="display: block; height: auto !important; max-width: 100% !important;" width="612" border="0" hspace="0" vspace="0" src="https://files.constantcontact.com/41ca3c44701/25fd79dc-c25c-468a-afd2-257a857d8690.jpg"> </div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text editor-text " align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 14px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">The solution in many countries appears to be &#x2013; wait for it &#x2013; more public spending; partly to create jobs, and partly to help subsidize families left behind. It&#x2019;s not the kind of solution that true Capitalists pine for.&#xa0;</span></div> <div><br></div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-weight: bold; font-family: Calibri, Helvetica, Arial, sans-serif;">Capitalist Evolution or Revolution?</span></div> <div><br></div> <div><span style="font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(0, 0, 0); font-size: 16px;">Pietro isn&#x2019;t calling for economic revolution, but he is saying that unless governments and the private sector align to address these two major problems, brace for the kind of populist insurrections that gave birth to things like American Independence and the Communist Revolution. They can do so by tapping into new technologies that by their very nature, even the playing field, open the markets to equal participation, and disintermediate the institutions that have grown complacent and self-interested.&#xa0;</span></div> <div><br></div> <div> <span style="font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(0, 0, 0); font-size: 16px;">I think Scott Pierre, in a recent&#xa0;</span><a href="https://hbr.org/2020/03/one-last-chance-to-fix-capitalism" rel="noopener noreferrer" target="_blank" style="font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(54, 97, 189); font-size: 16px; font-style: italic; font-weight: normal; text-decoration: underline;">Harvard Business Review</a><span style="font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(0, 0, 0); font-size: 16px;">&#xa0;article said it best when he wrote that &#x201c;the single most important step is re-empowering governments&#x2026;whether that means more-effective regulation, progressive taxation, wealth taxes, or other measures.&#x201d;</span> </div> <div><br></div> <div><span style="color: rgb(0, 0, 0); font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif;">Failing that, he adds, it&#x2019;s up to &#x201c;purpose-driven executives who manage to create value for multiple stakeholders (including, yes, shareholders) without rapacious extraction, exploitation, or environmental damage.&#x201d;</span></div> <div><br></div> <div><span style="color: rgb(0, 0, 0); font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif;">Perhaps&#x2026;just perhaps&#x2026;it&#x2019;s a little of both.</span></div> </div></div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-image"> <table class="editor-image editor-image editor-image-vspace-on editor-image-hspace-on" style="min-width: 100%;" width="100%" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td align="left" valign="top" style="padding: 10px 20px;"> <div class="publish-container"> <img alt="" class="" style="display: block; height: auto !important; max-width: 100% !important;" width="142" border="0" hspace="0" vspace="0" src="https://files.constantcontact.com/41ca3c44701/4de5e8f7-e2ac-409e-96d8-c0648931ea03.png"> </div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text editor-text " align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 14px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div> <div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Steve Stine</span></div> <div><span style="font-size: 16px; 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color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div> <div> <span style="color: rgb(0, 0, 0); font-weight: bold; font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">Article</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">: "The Price of Nostalgia: America's Self-Defeating Economic Retreat,"&#xa0;</span><span style="color: rgb(0, 0, 0); font-style: italic; font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">Foreign Affairs</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">, May/June 2021. 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[</span><a href="https://nonfungible.com/subscribe/nft-report-q1-2021" rel="noopener noreferrer" target="_blank" style="color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px; font-weight: normal; font-style: normal; text-decoration: underline;">here</a><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">]</span> </div> <div><br></div> <div> <span style="color: rgb(0, 0, 0); font-weight: bold; font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">Book</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">:&#xa0;</span><span style="color: rgb(0, 0, 0); font-style: italic; font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">Doughnut Economics: Seven Ways to Think Like a 21st Century Economist</span><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-size: 16px;">, by Kate Raworth, Random House Business, April 6, 2017. 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font-size: 14px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div> <div><span style="font-size: 14px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Pietro Ventani:</span></div> <div><span style="color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic; font-weight: bold;">Capitalism's Right of Passage (Part 1) </span></div> <div> <span style="font-size: 12px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">| </span><span style="font-size: 12px; font-family: Calibri, Helvetica, Arial, sans-serif;">Apr 2, 2021</span><span style="font-size: 12px; font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(102, 102, 102);">&#xa0;|&#xa0;</span> </div> </div></div> </td> </tr> </tbody> </table> </div> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text feature-text" align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 16px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div><div> <span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">This is the link to Part 1 of our conversation. We tackle Capitalism. You might argue that it&#x2019;s a system as tightly imbedded in our daily lives as any other. There&#x2019;s hardly a place on Earth that isn&#x2019;t affected by it. In most places, it governs the basic exchange&#xa0;&#xa0;of goods and service, provides the means&#xa0;</span><span style="font-size: 14px; color: rgb(102, 102, 102); font-style: italic; font-family: Calibri, Helvetica, Arial, sans-serif;">for</span><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">&#xa0;that exchange, and offers a set of economic rules by which most of us can agree. It can be credited in large part for lifting half of the human population out of poverty in only half a century&#x2019;s time. Healthcare and lifestyle innovations did wonders in keeping disease in check. That led to a global population explosion. But corporations responded, building things better, faster, and cheaper so that everyone could take part in the great Capitalist dream. It was all going so swimmingly, until it wasn&#x2019;t. Starting in 2005, there were warning signs. By 2007, in the U.S., delinquency rates on subprime lending rose sharply. And at the outset of 2008, the markets were in free-fall. What ensued was a Global Financial Crises, the likes of which the world hadn&#x2019;t seen since the Great Depression. The real question is: Can we get it back? </span> </div></div></div> </td> </tr> </tbody> </table> </div> </td> <td class="mobile-hidden layout-container" width="5" style="height: 10px; line-height: 1px; background-color: #FFFFFF; padding: 0;" align="center" valign="top" bgcolor="#FFFFFF"><img style="display: block; width: 5px; height: 10px;" alt="" width="5" height="10" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif"></td> <td class="mobile-hidden layout-container" width="5" style="height: 5px; line-height: 1px; background-color: #FFFFFF; padding: 0;" align="center" valign="top" bgcolor="#FFFFFF"><img style="display: block; width: 5px; height: 5px;" alt="" width="5" height="5" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif"></td> <td class="split feature editor-col OneColumnMobile" width="50%" align="left" valign="top" style="background-color: #F4F4F4;" bgcolor="#F4F4F4"> <div class="gl-contains-image"> <table class="editor-image content-image" style="min-width: 100%;" width="100%" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td align="center" valign="top" style="padding-top: 0px; padding-bottom: 0px;"> <div class="publish-container"> <a href="http://www.insideasiapodcast.com/asia-future-now/"> <img alt="" class="" style="display: block; height: auto; max-width: 100%;" width="285" border="0" hspace="0" vspace="0" src="https://files.constantcontact.com/41ca3c44701/e889b004-0c54-4be7-9fc8-ff5542a32a25.jpg"> </a> </div> </td> </tr> </tbody> </table> </div> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text " align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 14px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div><div style="text-align: center;" align="center"><span style="font-size: 12px;">Click photo to link and listen</span></div></div></div> </td> </tr> </tbody> </table> </div> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text " align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 14px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div> <div><span style="font-size: 14px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Oliver Tonby:</span></div> <div><span style="color: rgb(0, 0, 0); font-style: italic; font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Asia's Future is Now</span></div> <div><span style="font-size: 12px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">| Aug 23, 2019&#xa0;|</span></div> </div></div> </td> </tr> </tbody> </table> </div> <div class="gl-contains-text"> <table width="100%" style="min-width: 100%;" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="editor-text feature-text" align="left" valign="top" style="font-family: Tahoma,Geneva,sans-serif; font-size: 16px; color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div><div><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">My guest in this episode is Oliver Tonby, Chairman of McKinsey &amp; Company in Asia Pacific. As the firm&#x2019;s top representative in the region, Oliver has developed a unique&#xa0;perspective on Asia, informed by access to the region&#x2019;s presiding corporate and government leaders. In a newly released report entitled &#x201c;Asia&#x2019;s Future is Now,&#x201d; he and his colleagues point to an unprecedented rise in Asia&#x2019;s commercial, trade and infrastructure development. Nothing, so it appears, can keep Asia down. For decades, the region, largely powered by China, served as a low-cost manufacturing base, feeding the world&#x2019;s insatiable appetite for consumer, luxury and electronic goods. From advanced cleantech solutions to the latest in digital media applications, the region teams with innovation at all levels. Throngs of engineers and entrepreneurs are emerging from Indian, Southeast Asia and Chinese universities with a license to design and build. Western markets and corporations are witnessing the technicolor change and in Board rooms from New York to London the question is being asked: What will it take to compete, now and in the future?</span></div></div></div> </td> </tr> </tbody> </table> </div> </td> <td class="mobile-hidden layout-container" width="5" style="height: 10px; line-height: 1px; background-color: #FFFFFF; padding: 0;" align="center" valign="top" bgcolor="#FFFFFF"><img style="display: block; width: 5px; height: 10px;" alt="" width="5" height="10" border="0" hspace="0" vspace="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif"></td> </tr> </tbody> </table> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-button"> <table class="editor-button" width="100%" cellpadding="0" cellspacing="0" border="0" style="width: 100%; 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color: #6F6E6E; text-align: left; display: block; word-wrap: break-word; line-height: 1.2; padding: 10px 20px;"> <div></div> <div class="text-container galileo-ap-content-editor"><div><div>If podcasting isn't your thing, or you're just too busy to take 30 minutes to listen, check out my articles <a href="https://www.linkedin.com/in/steve-stine-6124084/detail/recent-activity/posts/" rel="noopener noreferrer" target="_blank" data-segment-action="add" data-segment-id="7527c640-69b8-11e8-ad61-d4ae529a8575" style="color: #597274; font-weight: normal; font-style: normal; text-decoration: underline;">here</a> on Linked-in where I set out to summarize each week&#x2019;s conversation. We touch on a wide range of topics from healthcare to finance, politics to cleantech. I hope you&#x2019;ll join us.</div></div></div> </td> </tr> </tbody> </table> </div> </td> </tr> </tbody> </table> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-layout-editor" style="min-width: 100%;"> <tbody> <tr> <td class=" editor-col OneColumnMobile" width="100%" align="" valign="top"> <div class="gl-contains-web"> <table class="editor-web" width="100%" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="" align="center" valign="top"> <table width="100%" cellpadding="0" cellspacing="0" border="0" class="galileo-ap-content-editor"> <tbody> <tr> <td class="block-margin web-content" width="100%" align="left" valign="top" style="padding: 10px 20px;"> <table width="100%" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="web-content-border" align="left" valign="top" style="background-color: #F4F4F4; padding: 1px;" bgcolor="#F4F4F4"> <table width="100%" cellpadding="0" cellspacing="0" border="0"> <tbody> <tr> <td class="web-content-inner" width="100%" align="left" valign="top" style="background-color: #FFFFFF; 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