It's not that capitalism is failing, but rather that the organisation of capitalism is succumbing to wealth and power. People with extraordinary power and wealth will organise and enforce markets in such a way that it benefits their wealth and adds to their power- it becomes a self-fulfilling prophecy- a vicious cycle of more wealth and power.
— Robert Reich Labor Secretary & Economist; Leading Voice on InequalityApartheid did not develop because of 'race'. Instead, race was used to justify the domination/exploitation of Apartheid. Once you understand the order, the mechanism, you understand the purpose.
We didn't initiate this venture to merely establish another VC fund – India certainly doesn't need an additional one, given the abundance of capital already available. Our belief at Together Fund is that we can effect change through our current, first-hand experience, as operators who have scaled a company in this decade. Our knowledge is fresh and applicable, not outdated.
Even more seriously, cryptocurrency can interfere with governments' ability to fight recessions with monetary policy. When people are using privately created money (cryptocurrency) rather than ordinary money, the money supply is beyond the government's control, and monetary policy can no longer be conducted. That's a bad thing.
I do not talk about life and death – I talk about birth and death, they are opposites, and life is simply a continuum of both, and you cannot have one without the other.
Fear is like being shot out of a cannon. Imagine a car has fallen on someone I love—I get this clear, calm, intense bolt of energy. In that heightened state, I could lift the car off them (as has happened before in rare cases). Anxiety, on the other hand, is like being haunted. You never actually see what's scaring you—it's just a story in your head that never goes away.
I typically think impact investing, on the whole, can generate better risk-adjusted yields than the alternatives.
We write for the same reason that we walk, talk, climb mountains or swim the oceans- because we can… We have some impulse within us that makes us want to explain ourselves to other human beings… That's why we paint, that's why we dare to love someone- because we have the impulse to explain who we are.
You have to be clear about the purpose of what you're making. If you're making a film that's going to cost a lot of money- inevitably it will be a commercial endeavor by a studio or financier- and you have a responsibility to make that investment worthwhile; certainly, if you don't, you won't be working in the industry for very long.
Over half have changed national policy within five years of launch.
The real scarcity today is attention to the importance of the question, to what end are we deploying this capital. The knowledge age economy is aspirational and that is where I believe we should aim for as we are clearly not there yet. We are in a limbo now, an interregnum phase and this is when everything is particularly unsettling.
There are various forms of hostage-taking, each with distinct characteristics. Broadly speaking, one can categorise them into political and criminal hostage-takings. Political hostage-taking involves abducting someone to gain a political leverage—this is the first type. The second type is criminal hostage-taking, where the motive is ransom. Both types are illegal, as forcibly detaining someone is a criminal act, but the distinction helps clarify the underlying motives.
I haven't remained still since I started in business, I am always moving forward, always looking ahead. I have always said 'the sky is the limit' and have lived by that motto every day.