Conference on Inclusive Capitalism Lynn de Rothschild’s Introduction at the 2015 Conference: progress since...

Bloggers Note : with transcript. (photo as thought provoking) lol

Conference on Inclusive Capitalism: Lady Lynn Forester de Rothschild’s Introduction: progress since 2014, aspirations for 2015

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Wow I don't think it's every day that

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His Royal Highness Prince Charles his

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Holiness Pope Francis Archbishop will be

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governor Carney President Clinton show

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up at a conference and somehow I don't

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think they're here for the networking in

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fact I know that these illustrious

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leaders are here because of you it's

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because of the personal and

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institutional power that all of you have

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to make the world a better place that

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they are here and really that we are all

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here as a team and today in this room we

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represent at a leadership level 25

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trillion dollars of assets under

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management from 25 different countries

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we all have financial power but we also

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have transformational power capitalism

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is the world's operating system it's

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bigger than any political system it's

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bigger than any religion it's bigger

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than any one idea capitalism is the most

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energetic force on the planet but it is

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not too big to fail today capitalism is

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failing the unemployed it's failing the

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underemployed it's failing the never

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employed capitalism is failing the

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planet well some places have never been

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cleaner

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most of our planet is dirtier than ever

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- many people believe that capitalism is

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good only for people who have capital

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but it's not good for the workers who

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sustain it or the planet that supports

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it but the good news is that capitalism

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is a glorious idea and that is because

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it answers that deeply powerful human

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desire for self-improvement

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but what has happened is that the link

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between capitalism and that better life

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has become delinked for too many people

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so I really think that's where we come

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in we can restore this link and we can

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ensure the success of capitalism and of

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our societies forever that's why we are

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here and I believe we are making

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progress I'm optimistic because more and

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more asset owners asset managers and

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corporate leaders many of whom are

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represented in this room are indeed

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moving toward more inclusive capitalism

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more and more people are agreeing that

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to pursue inclusive capitalism

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buttresses long term financial returns

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it's not a choice between the two and we

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have also seen progress in ways to

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measure the elements and the costs and

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the benefits of inclusive capitalism and

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I guarantee you the tools do exist to

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measure inclusive capitalism they've

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been developed and they are available

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and that's tremendous progress from last

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year and that's really what we're going

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to be talking about today but before I

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begin I just want to take this

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opportunity to thank a few people first

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of all Lord Mayor thank you so much for

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having us in your humble abode he lives

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here ladies and gentlemen

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this is not a venue for him he sleeps

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right over there and today would not

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have been possible without the

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generosity of the rockefeller Ford

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ellamy Lou Gatsby and Blavatnik

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foundations as well as AMG sunshine KT

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Wiggin oz Moore born Baz born McDermott

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will and the Brunswick group thank you

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so much to them and thank you

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so much to a person you've all become

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aware of through this exercise

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- where is she Diana Carney there she is

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I think she should stand up and you

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should give her an applause I don't know

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anybody who could edit a hundred pieces

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from all of you and also elicit them all

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I'm very proud of her

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Brian Tomlinson is the head of our

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coalition The Economist events and the

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Cajun magazine staff have been amazing

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in putting this together

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but most of all I know how busy all of

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you are and it means an enormous amount

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to me that you've taken time out to be

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here

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I know many of you have traveled great

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distances and I promise you we have done

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everything we can to make this

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worthwhile so together we represent one

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third of total global institutional

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assets under management social

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scientists tell us that when only 20% of

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a group holds an unshakable belief their

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belief always becomes out of the

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majority so what that means is this is

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not just talk we can create change we

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can change capitalism we can renew it we

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can strengthen it we can save it we can

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restore capitalism as an engine for

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broadly shared prosperity so that's what

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we're here for

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let's let the conference begin and let's

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get this job done and then we won't have

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to meet anymore