Brain in a Vat
How To End Global Poverty | Andy Kuper (Rebroadcast)
Dec 24, 2023
Andy Kuper, founder and CEO of LeapFrog Investments, discusses marrying profit with purpose to impact the lives of 200 million low-income people worldwide. They explore the scalability of for-profit companies, the appeal of commercial impact investing, and the connection between poverty alleviation and inequality. Kuper also shares their journey from philosophy to addressing poverty.
56:43
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Quick takeaways
- Profit and purpose can go hand in hand by investing in purpose-driven businesses that address the basic needs of low-income people, generating strong returns while making a positive impact.
- Capital markets have the potential to mobilize trillions of dollars to serve the needs of low-income populations, making businesses a powerful force for poverty reduction and improved well-being.
Deep dives
Using Capitalism to Alleviate Poverty
The podcast episode explores the idea of using capitalism as a means to alleviate poverty. The speaker, a practical philosopher, discusses the potential for profit and purpose to go hand in hand. They emphasize the importance of serving low-income people through purpose-driven companies that provide essential services. By investing in businesses that address basic needs, such as micro-insurance, healthcare, and savings products, billions of people can be lifted out of poverty. The speaker argues that capitalism, when combined with a focus on serving the least advantaged, can generate wealth and create jobs while also benefiting the poor and reducing inequality.
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