A cleareyed case for socially conscious investment, of much interest to those who want their dollars to do good.
Investment adviser Simon outlines the concept of impact investment, “the practice of investing not just for profit, but also for social benefit.”
In some ways, impact investment aligns with Bangladeshi financier Muhammad Yunus’ experiments in microfinance and what he is now calling “social business,” giving would-be entrepreneurs in developing countries opportunities to enter the marketplace. Simon holds that some of Yunus’ programs, however, have not scaled well in the marketplace and may have worked backward; the first step, she suggests, is to “identify a good idea that has a mix of qualitative and quantitative, micro and macro approaches to addressing poverty and structural inequality”—and always with an eye to profitability. In her understanding of impact investment, a great deal of due diligence is involved to assure not only that investors’ money is well placed in projects that do good in the world, but also that communities are well served. To this end, Simon offers a series of operating principles—e.g., the call to “add more value than you extract,” again with an eye to such things as providing long-term, well-paying jobs to help break the cycle of poverty. Throughout, Simon insists on some of the basic tenets of capitalism, including the notion that the value added should yield return on investment. Even so, she counsels that investors take steps that, en masse, would shake Wall Street to the ground, such as the thought that the conscious impact investor should “break up with your bank” and look to community banks and other institutions that are better inclined to social justice. Simon also suggests that investors realign their portfolios so that they know, as the adage has it, where their money spends the night, investing in funds that provide small loans to entrepreneurs, funding for sustainable agriculture projects and water systems, and the like.
A cleareyed case for socially conscious investment, of much interest to those who want their dollars to do good.Pub Date: Oct. 3, 2017
ISBN: 978-1-56858-980-0
Page Count: 256
Publisher: Nation Books
Review Posted Online: Aug. 5, 2017
Kirkus Reviews Issue: Aug. 15, 2017
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...
A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.
Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.Pub Date: Jan. 19, 2016
ISBN: 978-0-8129-8840-6
Page Count: 248
Publisher: Random House
Review Posted Online: Sept. 29, 2015
Kirkus Reviews Issue: Oct. 15, 2015
PERSPECTIVES
For Howard Zinn, long-time civil rights and anti-war activist, history and ideology have a lot in common. Since he thinks that everything is in someone's interest, the historian—Zinn posits—has to figure out whose interests he or she is defining/defending/reconstructing (hence one of his previous books, The Politics of History). Zinn has no doubts about where he stands in this "people's history": "it is a history disrespectful of governments and respectful of people's movements of resistance." So what we get here, instead of the usual survey of wars, presidents, and institutions, is a survey of the usual rebellions, strikes, and protest movements. Zinn starts out by depicting the arrival of Columbus in North America from the standpoint of the Indians (which amounts to their standpoint as constructed from the observations of the Europeans); and, after easily establishing the cultural disharmony that ensued, he goes on to the importation of slaves into the colonies. Add the laborers and indentured servants that followed, plus women and later immigrants, and you have Zinn's amorphous constituency. To hear Zinn tell it, all anyone did in America at any time was to oppress or be oppressed; and so he obscures as much as his hated mainstream historical foes do—only in Zinn's case there is that absurd presumption that virtually everything that came to pass was the work of ruling-class planning: this amounts to one great indictment for conspiracy. Despite surface similarities, this is not a social history, since we get no sense of the fabric of life. Instead of negating the one-sided histories he detests, Zinn has merely reversed the image; the distortion remains.
Pub Date: Jan. 1, 1979
ISBN: 0061965588
Page Count: 772
Publisher: Harper & Row
Review Posted Online: May 26, 2012
Kirkus Reviews Issue: Jan. 1, 1979
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