Big question for today: Can capitalism be both fair and profitable? Our guest on the 10X Capital Podcast, Roy Swan, says yes. And he's not just talking theory. As director of the Ford Foundation's Mission Investments, he's proving it with a whopping 28% CAGR return. But here's the kicker: they're doing it while also making a positive impact on society.
Swan argues that fairness in capitalism isn't just a nice to have, it's a necessity. He invokes none other than Adam Smith, often considered the father of modern capitalism. Smith was a firm believer in the critical role of morality, appropriate taxation, and regulation for the sustainability of any healthy economy.
Swan's words hit me hard. It's an against-the-grain perspective in a world where capitalism is often equated with cutthroat competition and winner-takes-all scenarios. But if Swan and the Ford Foundation can generate high returns while leveling the playing field, maybe it's time we all reconsider the rules of the game.
Want to hear more about Swan's approach? Tune into E48 of the 10X Capital Podcast.
