In 2013, Kate Poole was at a conference for young people who wanted to put their vast wealth to good use. She had opportunities to invest in green technology and local food, but she felt that even well-intentioned investing often extracted interest from communities.
“As a wealthy White person, I don’t need to keep looking to grow my return,” Poole said. “That’s not going to redistribute wealth.”
Instead, Poole joined seven peers to form Regenerative Finance, an organization made up of young people with access to wealth. They wanted to use their unique financial leverage to show what “non-extractive” investing could look like — putting wealth back into places that long experienced exploitation.
[For more on this story by Araz Hachadourian, go to http://www.yesmagazine.org/iss...cial-equity-20180110]
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