Economic System Change: Boring Buzzwords or Vital New Frontier for Philanthropy?
On 15 June, Philea will organise “Economic System Change: Boring Buzzwords or Vital New Frontier for Philanthropy?”, the first in a series of standalone sessions on emerging issues and challenges for the philanthropic sector that Philea members wish to put on the radar.
Questions on rethinking the workings of our economic system have been gaining ground ever since the global financial crisis broke out, with economics itself coming under greater scrutiny. As the pandemic unfolded, people recognised that ‘efficiency’ often comes at the expense of resilience, and that many of the key workers in our societies – health & care workers, delivery drivers, food production, retail and transport staff – are typically not the most valued in terms of pay and status. Now the war in Ukraine highlights the vulnerability of fossil fuel dependent economies amidst a cost-of-living crisis. All while the UN climate processes underline how public and private finance for the green transition remains woefully inadequate.
Is the role of philanthropy to ameliorate the crises created by our economic system, or should foundations be looking upstream at root causes, and trying to change the system itself? And if so, where could they start?
Philea is working with Fondation Charles Léopold Mayer pour le Progrès de l’Homme, Partners For A New Economy, and Stiftung Mercator Schweiz, as they invite peers into a conversation on New Economic Thinking.
This session is for Philea members only, to attend contact Prabhu Rajagopal.