Decoder with Nilay Patel Recode Decode: Rockfeller Foundation president Raj Shah and Goldman Sachs CEO David Solomon (Live at Code 2019)
Jul 1, 2019
Raj Shah, President of the Rockefeller Foundation, confronts pressing issues like rising inequality and the scrutiny of wealthy philanthropies. He questions the effectiveness of opportunity zones and urges billionaires to commit to social betterment. Meanwhile, David Solomon, CEO of Goldman Sachs, reflects on the post-financial crisis evolution of finance, tech IPO trends, and partnerships, like Apple’s credit card. He also discusses the implications of China's economic power and calls for diversity in the finance sector.
AI Snips
Chapters
Transcript
Episode notes
Tech, Globalization, and Inequality
- Modern technology and globalization have altered the economic landscape, leading to increased inequality.
- Thoughtful public policy, renewed politics, and leveraging technology are crucial for creating a more equitable society.
The Limits of Philanthropy
- Philanthropy alone cannot solve inequality.
- Public-private partnerships are essential, as demonstrated by the Rockefeller Foundation's successes.
Philanthropy and Public Image
- Some criticize large philanthropic gifts as PR moves to cover misdeeds.
- Shah argues that impactful philanthropy, like the Rockefeller Foundation's work on vaccines, genuinely aims to solve social challenges.