What factors contribute to the wealth gap in the US, and how can babybonds serve as a potential solution? And what can institutional investors like APG do in this regard? These are critical questions for APG, as we invest on behalf of socially conscious pension funds. Matilde Segarra (APG US CEO) delves into these issues with Dr. Darrick Hamilton.
Together they discuss current economic and social issues in the United States and the innovative solutions provided by Dr. Hamilton, who is professor of Economics and Urban Policy, as well as the founding director of the Institute on Race, Power and Political Economy at The New School in New York. He came up with the concept of baby bonds, that has been implemented so far in Connecticut and Washington, DC. “Our most treasured resource on earth is people, and this is a program that’s going to demonstrate that”, Dr. Hamilton says. “Some of the greatest growth in American history occurred as the result of investments related to infrastructure and people.”