cap

How COVID-19 could push Congress to start reining in vulture capitalism

The effects of income inequality have been felt throughout society but they are especially evident in the current coronavirus crisis. For instance, workers in the information economy are able to telework and draw their salaries, but workers in the service sector are either unemployed or at great risk as they interact with customers during a…

       




cap

Renovating democracy: Governing in the age of globalization and digital capitalism

The rise of populism in the West and the rise of China in the East have stirred a debate about the role of democracy in the international system. The impact of globalization and digital capitalism is forcing worldwide attention to the starker divide between the “haves” and the “have-nots,” challenging how we think about the…

       




cap

Impact governance and management: Fulfilling the promise of capitalism to achieve a shared and durable prosperity


Capitalism has provided unprecedented wealth and prosperity around the world, but a growing community is raising concerns about whether the promise of the capitalist system to achieve a more shared and durable prosperity can be achieved without systemic changes in the way for-profit corporations are governed and managed. The change in public opinion has become evident among workers, consumers, and investors, as well as through new policies enacted by elected officials of both parties: more than ever before, the public supports businesses that demonstrate positive social change and sustainable development. These new attitudes have begun to take root in corporations themselves, with a growing community of investors, business leaders, and entrepreneurs expressing a fiduciary duty to create value not only for shareholders but for society. However, businesses and investors seeking to harness these opportunities face significant institutional and normative barriers to achieving their goals.

In a new paper, the co-founders of non-profit B Lab, Andrew Kassoy, Bart Houlahan, and Jay Coen Gilbert, write about this overarching culture shift, the importance of and impediments to effective impact governance and impact management to make this shift meaningful and lasting, and how a rapidly growing community of responsible businesses has overcome these barriers, is maximizing its social impact, and is creating pathways for others to follow. The impact and growth of the B Corp movement will be maximized not only through increased adoption by business leaders, but also through the unique roles played by research institutions, the media, policy-makers, investors, and the general public. With enough support, this movement may soon transform shareholder capitalism into stakeholder capitalism, in which businesses can more easily live up to their potential to create a more shared and durable prosperity for all. 


This paper is published as part of the Center for Effective Public Management’s Initiative on 21st Century Capitalism. It is one of more than a dozen papers written by academics and practitioners about the changing role of the corporation and the importance of improving corporate governance. The authors of this paper are the co-founders of B Lab, a nonprofit organization that oversees the certification of B Corporations, and a major subject of this paper. The perspectives put forth in this paper are solely those of the authors, based on their professional expertise in this area.

Downloads

Authors

  • Andrew Kassoy
  • Bart Houlahan
  • Jay Coen Gilbert
      
 
 




cap

Dynamic Stalemate: Surveying Syria's Military Landscape


The Syrian uprising has changed significantly since the first signs of localized armed resistance began emerging in late April 2011. Western states and regional countries opposed to President Assad’s rule failed to manage the formation of an organized and representative political and military opposition body over the past three years. Instead, fragmentation of first the opposition, and then the conflict as a whole, has come to pose numerous serious threats to regional and international security and stability.

In a new Policy Briefing by the Brookings Doha Center, Charles Lister analyzes the Western-backed opposition, the spreading influence of jihadi militants, and the evolving capabilities of pro-government forces. With a definitive military victory seemingly out of reach for all sides of the conflict, Lister argues these parties will remain at a standoff until a political solution is reached. However, as armed groups multiply on either side, even an agreement between government and opposition will be unlikely to end the violence.

Lister concludes that Western and regional countries should focus on two core policy objectives. First: the international community should bolster a cohesive opposition that can challenge the Assad regime in battle as well as in negotiations. Second: the international community should aid Syria’s neighbors in managing the violent spillover of the conflict, particularly curtailing the potential for Syria-based jihadi groups to expand their operations beyond the country.

Downloads

Authors

Publication: Brookings Doha Center
Image Source: © Stringer . / Reuters
     
 
 




cap

Playful Learning Landscapes: At the intersection of education and placemaking

Playful Learning Landscapes lies at the intersection of developmental science and transformative placemaking to help urban leaders and practitioners advance and scale evidence-based approaches to create vibrant public spaces that promote learning and generate a sense of community ownership and pride. On Wednesday, February 26, the Center for Universal Education and the Bass Center for…

       




cap

Crippling the capacity of the National Security Council

The Trump administration’s first three years saw record-setting turnover at the most senior level of the White House staff and the Cabinet. There are also numerous vacancies in Senate-confirmed positions across the executive branch. As of September 22, 2019, the turnover rate among senior White House aides had reached 80 percent, a rate that exceeded…

       





cap

New BPEA Research on Partisanship, Poverty, Unemployment, Homebuyer Perceptions and Capital Controls


BPEA co-editor Justin Wolfers describes new research that found: people dropped out of the labor force before the recession started; there are better ways to forecast unemployment; homebuyer expectations helped inflate the bubble; the U.S. is not actually as politically polarized as most people think; central banks’ recent experiments with capital controls haven’t delivered results; and the U.S. is making inroads fighting poverty.

Video

     
 
 




cap

As the venture capital game gets bigger, the Midwest keeps missing out

Those working to accelerate economic growth in the Heartland must face some stark realities. The Great Lakes region continues to export wealth to coastal economies, even as investment leaders try to equalize growth between the coasts and the Heartland. The region sees only a tiny fraction of venture capital (VC) deals, despite producing one quarter…

       




cap

The post-Paris clean energy landscape: Renewable energy in 2016 and beyond

Last year’s COP21 summit saw global economic powers and leading greenhouse gas emitters—including the United States, China, and India—commit to the most ambitious clean energy targets to date. Bolstered by sharp reductions in costs and supportive government policies, renewable power spread globally at its fastest-ever rate in 2015, accounting for more than half of the…

       




cap

Not just a typographical change: Why Brookings is capitalizing Black

Brookings is adopting a long-overdue policy to properly recognize the identity of Black Americans and other people of ethnic and indigenous descent in our research and writings. This update comes just as the 1619 Project is re-educating Americans about the foundational role that Black laborers played in making American capitalism and prosperity possible. Without Black…

       




cap

Taking the long view: Budgeting for investments in human capital


Tomorrow, President Obama unveils his last budget, and we’re sure to see plenty of proposals for spending on education and skills. In the past, the Administration has focused on investments in early childhood education, community colleges, and infrastructure and research. From a budgetary standpoint, the problem with these investments is how to capture their benefits as well as their costs.

Show me the evidence

First step: find out what works. The Obama Administration has been emphatic about the need for solid evidence in deciding what to fund. The good news is that we now have quite a lot of it, showing that investing in human capital from early education through college can make a difference. Not all programs are successful, of course, and we are still learning what works and what doesn’t. But we know enough to conclude that investing in a variety of health, education, and mobility programs can positively affect education, employment, and earnings in adulthood.

Solid investments in human capital

For example:

1. Young, low-income children whose families move to better neighborhoods using housing vouchers see a 31 percent increase in earnings;

2. Quality early childhood and school reform programs can raise lifetime income per child by an average of about $200,000, for at an upfront cost of about $20,000;

3. Boosting college completion rates, for instance via the Accelerated Study in Associate Programs (ASAP) in the City University of New York, leads to higher earnings.

Underinvesting in human capital?

If such estimates are correct (and we recognize there are uncertainties), policymakers are probably underinvesting in such programs because they are looking at the short-term costs but not at longer-term benefits and budget savings.

First, the CBO’s standard practice is to use a 10-year budget window, which means long-range effects are often ignored. Second, although the CBO does try to take into account behavioral responses, such as increased take-up rates of a program, or improved productivity and earnings, it often lacks the research needed to make such estimates. Third, the usual assumption is that the rate of return on public investments in human capital is less than that for private investment. This is now questionable, especially given low interest rates.

Dynamic scoring for human capital investments?

A hot topic in budget politics right now is so-called “dynamic scoring.” This means incorporating macroeconomic effects, such as an increase in the labor force or productivity gains, into cost estimates. In 2015, the House adopted a rule requiring such scoring, when practicable, for major legislation. But appropriations bills are excluded, and quantitative analyses are restricted to the existing 10-year budget window.

The interest in dynamic scoring is currently strongest among politicians pushing major tax bills, on the grounds that tax cuts could boost growth. But the principles behind dynamic scoring apply equally to improvements in productivity that could result from proposals to subsidize college education, for example—as proposed by both Senator Sanders and Secretary Clinton. Of course, it is tough to estimate the value of these potential benefits. But it is worth asking whether current budget rules lead to myopia in our assessments of what such investments might accomplish, and thus to an over-statement of their “true” cost.

Image Source: © Jonathan Ernst / Reuters
     
 
 




cap

Constraining Iran’s future nuclear capabilities

The United States needs a new strategy for effectively constraining Iran’s future nuclear capabilities. The Trump administration’s current approach has little chance of succeeding. But simply returning the United States to the Joint Comprehensive Plan of Action (JCPOA) is not a long-term solution. By the time the United States would return to the 2015 deal,…

       




cap

Constraining Iran’s missile capabilities

For decades, the United States has sought to constrain Iran’s missile program, both because it poses a conventional military threat to regional stability and because it can provide a delivery capability for nuclear weapons should Iran acquire them. But despite the efforts of the United States and others to impede Iranian procurement of missile-related materials,…

       




cap

Constraining Iran’s nuclear and missile capabilities

The Trump administration’s “maximum pressure campaign” is putting Iran under great stress, but it is unlikely to compel Tehran to accept its far-reaching demands. The United States needs a new strategy for constraining Iran’s future nuclear capabilities as well as its missile program. Two new Brookings monographs—“Constraining Iran’s Future Nuclear Capabilities” by Robert Einhorn and…

       




cap

Taxing capital income: Mark-to-market and other approaches

Given increased income and wealth inequality, much recent attention has been devoted to proposals to increase taxes on the wealthy (such as imposing a tax on accumulated wealth). Since capital income is highly skewed toward the ultra-wealthy, methods of increasing taxes on capital income provide alternative approaches for addressing inequality through the tax system. Marking…

       




cap

What are capital gains taxes and how could they be reformed?

The Vitals Over the past 40 years, the distributions of income and wealth have grown increasingly unequal. In addition, there has been growing understanding that the United States faces a long-term fiscal shortfall that must be addressed, at least in part, by raising revenues. For these and other reasons, proposals to raise taxes on wealthy…

       




cap

The Iran National Intelligence Estimate and Intelligence Assessment Capabilities

After months of escalating rhetoric demanding that Iran abandon its aspirations to acquire nuclear weapons, the National Intelligence Estimate’s revelation that Iran halted its nuclear weapons program in 2003 comes as quite a shock. Yet again, the capability of the United States intelligence community to assess the nuclear programs of hard targets has been called…

       




cap

Britain: the capitalist press – “a great keyboard on which the government can play”

This article was written before the coronavirus pandemic, but with the press spending weeks subjecting the Tories to nothing but uncritical “wartime” coverage, and now fawning over the establishment-friendly Labour leader Keir Starmer, the points it makes are more valid than ever.




cap

The slipping mask of Swedish capitalism

As of the end of April, the amount of COVID-19 deaths in Sweden per 1,000 inhabitants is three times that of Denmark, three times that of Germany and four times that of Norway. The government is peddling the nationalist idea that Sweden is somehow different and better than the rest of the world. But the pandemic has revealed the true colours of Swedish class society.




cap

US Capitol gets duckling ramps, brouhaha ensues

As baby ducks get a boost at the Capitol Reflecting Pool, at least one politician’s Grinchesque response has duckling defenders up in arms.




cap

Trump admin removes White House Capital Bikeshare station

It's not a big deal but it could become a big symbol.




cap

How drought has affected beauty routines in Cape Town

South African women have had to change the way they approach showering, hair care, and menstruation, due to the lack of water.




cap

Morocco: the regime and the capitalists are the real enemies

A Moroccan proverb goes: “the sheep spends his whole life being afraid of the wolf, but in the end, who feasts on the sheep? The shepherd!” Well, some months after China and 10 days after Italy, Moroccan authorities announced the country’s first cases of COVID-19 on 2 March and attributed them to “external factors”. Specifically, a Moroccan returning from Italy, then French tourists. The epidemic has worsened, infecting 2,024 people, of whom 126 have died (as of 15 April, 45 days after the first infections) according to official data.




cap

Photo: Thailand hideaway sparks severe escape fantasy

Our photo of the day comes from beautiful Erawan National Park in Western Thailand.




cap

Climate News Recap: Climate Scientists Get A Legal Defense Fund; Warming to Both Help & Hurt UK; More

Plus, spewing sulfate into sky to stop warming won't fully work (redux); what Singapore's doing to make sure sea level rise doesn't swamp their city. Here's what caught our eye this morning.




cap

'This Changes Everything: Capitalism vs the Climate' (book review)

Naomi Klein's latest book is about more than just science. She explores the extractivist mentality and historic decisions that have led us to where we now find ourselves, living in a totally unsustainable way.




cap

Trees are the Winner in UK's Landscape Photography of the Year Prize

An isolated winter scene beats out the competition in the annual awards ceremony.




cap

Build a travel capsule wardrobe this summer

A new downloadable planner from Citizenne Style can help you create a 10-day fashion plan using minimal items.




cap

Super Rare Asian "Unicorn" Captured, Dies in Captivity

As far as endangered species go, it's mostly bad news, with the occasional positive story. Well this news seems to fall somewhere in the middle: in late August, a group of Laotian villagers in the Annamite Mountains captured a saola,




cap

Energy News Recap: Illegal Nuclear Power Subsidies, Geothermal Power From Volcanoes, More

Energy policy and energy use are not forces of nature beyond our control. It's all about choices; different choices set us off on different paths, but don't prevent us from switching course.




cap

The capsule hotel gets a remake

Schemata Architects gives it a new image and a nice sauna.




cap

Artist's captivating kinetic sculptures take inspiration from nature

These delicately formed hand-crank and motor-activated art installations blossom and grow perpetually.




cap

Video: Leonardo Dicaprio's 11th Hour Trailer

Via MySpace, here's the trailer for 11th Hour with a spoken intro by Leonardo. According to IMDB, the film will be released in the USA on August 17th. Check out the official 11th Hour website.




cap

Dicaprio's 11th Hour Features Real Environmental Superstars

Two weeks ago, fellow Treehugger George Spyros and I had the opportunity to catch a sneak preview of Leonardo Dicaprio's The 11th Hour. Organized by Project Greenhouse, the screening was appropriately held outdoors and under the stars at Marders, an




cap

Leonardo DiCaprio or Brad Pitt: Who's the More Timely Eco-Hunk? Plus Mickey Rourke Fights Again!

Leonardo DiCaprio lost the Golden Globe, but he's always a winner on the green activist front. The eco-champ has signed on to be the celebrity face of watchmaker TAG Heuer. Replacing fellow eco-hunk Brad Pitt. But, Leo isn't pocketing a cent of his




cap

Leonardo DiCaprio's Green Oscar, Salma Hayek's Got Milk, and More

My favorite eco-star might of gotten snubbed by Oscar, but Leo's enivormental work gets a green prize. The actor/activist was honored with the International Green Film Award by Soviet President Mikhail Gorbachev at the




cap

Leonardo DiCaprio Is Kids' Green Hero, Nicole Richie Taps Into Charity, and More

Photo via I Watch Stuff Leonardo DiCaprio is already a favorite with eco-minded like gals, like myself! Now the next generation are digging Leo and his big green heart. This Saturdays Nickelodeon's Kids' Choice Awards will honor the actor/activist with




cap

Leonardo DiCaprio's Timely Campaign, Paul McCartney's Green Family Affair, and More

Eco-hunk Leonardo DiCaprio is the new face of TAG Heuer Carrera watch. A gig formely held by fellow greenie, Brad Pitt. But, so long Brad and hello Leo! Ecorazzi posted the first shot of his soon to be released ad campaign. The green




cap

Ecorazzi on DiCaprio + Van Jones, Worldchanging Interviews Wangari Maathai, Chevron Toxico, and More

Chevron Toxico: Chevron Produces Phony Online News Coverage to Spread Misinformation about Ecuador Disaster "To promote a misinformation campaign about its role in the oil contamination of a pristine area of the rainforest in Ecuador, Chevron recently




cap

Leonardo DiCaprio's Big Green Heart, Beyonce's Fashion Excess, and more

Ok, so this isn't a true green item. But, kudo's to my favorite eco-celeb, Leonardo DiCaprio for his consistent give-back spirit. Leo and Kate Winslet returned to their Titanic roots to help out the ship's one remaining




cap

7 Ways Leonardo DiCaprio Proves Green is Sexy

Yes, he's blond, blue-eyed handsome and yes, he's talented. But Academy Award-winning Leonardo DiCaprio continually proves he is more than just a pretty face jumping on the celebrity hybrid bandwagon. From resorts




cap

Leo's most important role yet? DiCaprio pledges $7 million to ocean conservation projects

This is DiCaprio going back to his first love, in a way, as before becoming an actor, he thought about becoming a marine biologist.




cap

Leonardo DiCaprio wants to find the world's loneliest whale, donates $50k for search

Good Guy Leo strikes again!




cap

Inky the octopus escapes from aquarium through a drainpipe to the sea

In a tale of intrigue and derring-do, the crafty cephalopod slipped out of his enclosure and found his way to freedom.




cap

Italian island of Capri bans single-use plastics

But there's a strange loophole for biodegradable plastics, which we know aren't much better.




cap

Obama Calls for Cap-and-Trade

Senator Barack Obama proposed on Monday a plan to decrease the United States' dependence on foreign oil―while fighting climate change―by creating an auction system that will require power companies and other polluting industries to pay for their




cap

Energy News Recap: Hurricanes Versus Wind Farms; Nuclear Power & Childhood Leukemia; More

Beyond the headline, a really great overview of how globalization may well be entirely reshaped by energy constraints, for the betterment of local economies in places where manufacturing has been outsourced for years.




cap

These stylish beanbags are filled with 4,000 recycled plastic bottle caps

One design attempts to deal with the problem of plastic bottle caps -- which often get discarded rather than recycled.




cap

Photographer captures the tenacity of nature in Hong Kong

“Wild Concrete” reveals the unintentional greenery of urban environments through photography.