Wealth Inequalities and the Fallacies of Impact Investing

Is it not perverse that Ivy League-educated white men from predominantly white male dominated institutions are able to accrue wealth by investing in African American women entrepreneurs — now that diversity is considered an asset, and the latest example of doing well by doing good — while the majority of African American women are excluded from building wealth through impact investment vehicles?

If the goal is to get at root causes, then disrupting the concentration of power, wealth, and privilege is the solution we ought to set our sights on. Shouldn’t the aim be to do good by giving up more? Less privilege. Less wealth. Less power.

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