Leveraging Private Capital For A Just Economy

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"We're living in a time of poly crisis," says Stephanie Brobbey, a former private wealth lawyer and founder of the Good Ancestor Movement.

"We need to shift the purpose of the economy from the accumulation of wealth and power to the wellbeing of our life-sustaining planetary systems."

That's why Brobbey is calling on the ultra-rich to give away most of their wealth$90 trillion, to be exactin what she calls an "unprecedented" transfer of wealth.

Brobbey tells the BBC that two-thirds of the new wealth gained since 2020 has gone to the wealthiest 1% of people on the planet.

"That is shocking and should concern everyone," she says.

"It's making our societies very stressed and even physically ill."

The Good Ancestor Movement advises wealthy individuals on how to move their capital out of the extractive economy, "where it typically sits in a speculative manner," Brobbey says.

It's a shift from what she calls the "precarious crisis imagination" of our current economy.

"We all seem to be in a state of perpetual crisis of imagination," she says.

"So what we really want is to redistribute wealth and shift power back to communities that have been harmed Read the Entire Article

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