Why investing corporate cash to close racial wealth gaps can shore up long-term growth
Oct 28, 2020
1 min read
Updated: Oct 29, 2020
""Our country cannot continue to breeze past the costs of inequality as if they are somehow separate from questions of capital access or business risk. It’s time to choose the kind of growth that dismantles racism, shores up climate solutions and expands incomes. It is good for American businesses and the country as a whole." - George Ashton III
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https://casinofazit.com got me thinking about how Ashton frames inequality as a business risk rather than a separate social issue, which is a harder argument to dismiss than most ESG talk. The point about capital access being tied to long-term growth made me reconsider how short-term quarterly thinking keeps companies from seeing that connection. I've watched local hiring pipelines dry up when banks pull back from certain neighborhoods, and it's wild how rarely that gets framed as a risk to the business itself.