Radical Truth

Radical Truth

By Robert RubinsteinBusinessInvesting
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Radical Truth episodes

  • What does it take to build a financial services business in a country going through a coup — and why would you? /w Michael Madden

    In this TBLI Talk, Robert Rubinstein sits down with Michael Madden, founder and Managing Partner of Ronoc and founder and Chairman of OnGo, Myanmar's leading digital payments business. With over 30 years of experience operating in some of the world's most volatile and underserved markets — from post-Soviet Russia to Mongolia to Myanmar — Michael has built businesses through coups, genocides, financial crises, and political upheaval. His radical truth: the riskiest markets on earth are often the most important ones for impact — and for investors who truly understand them, also among the most rewarding.

    In this episode:

    • How to create impact through financial inclusion in frontier and emerging markets under extreme conditions
    • What it takes to build and lead a business when the political environment collapses around you — lessons from Myanmar
    • Why frontier fintech is one of the most powerful tools for financial inclusion in markets where traditional banking fails
    • How Ronoc's impact-first approach to investing in Central and Southeast Asia creates both financial returns and social value
    • What investors need to understand about operating in markets characterised by turmoil, instability, and institutional fragility
    • What leadership looks like when everything goes wrong — and why resilience is the defining skill of the frontier investor

    The key insight: In frontier markets, the absence of financial infrastructure is not only a risk — it is the opportunity. Building the systems that allow ordinary people to access finance, make payments, and save money creates the foundations for economic development. Michael Madden has spent 30 years doing exactly that, in places most investors are too cautious to enter.

    ⏱️ Episode Guide:

    • 0:00 — Why frontier markets matter for impact investors
    • 0:X:XX — Building OnGo in Myanmar through political crisis
    • 0:X:XX — Lessons from Renaissance Credit: building a bank from scratch in Russia
    • 0:X:XX — What financial inclusion looks like on the ground in Southeast Asia
    • 0:X:XX — How to assess and manage risk in the world's most unstable markets
    • 0:X:XX — Leadership lessons from 30 years in emerging markets

    👤 About Michael MaddenMichael Madden has over 30 years of experience in financial services, built on inventive business intelligence, the ability to engage with international partners, and leadership as a consensus builder. He is Managing Partner of Ronoc, an investment business focused on Central and Southeast Asia, and founder and Chairman of OnGo, a market-leading digital payments business he launched in Myanmar in 2016. Eventbrite Prior to founding Ronoc in 2007, he was the founding CEO of Renaissance Credit, the third largest consumer finance bank in Russia, established in 2003. From 1993 to 2003 he was involved in cards and banking across Eastern European markets at American Express. THE ORG Ronoc specialises in emerging markets with a focus on retail financial services and fintech, bringing a strategic and hands-on approach to impact investing that seeks to improve access to financial services in emerging markets. PR Newswire He is the longest-serving board director of XacBank in Mongolia, where Ronoc is a significant shareholder.

    For anyone working in frontier market investment, fintech, financial inclusion, or impact investing in difficult environments — this episode is essential listening.

    ABOUT TBLI RADICAL TRUTHReal experience. Real results. No greenwashing. TBLI Group is the world's leading ESG and impact investing network — educating, advising, and connecting investors for 25 years.🌐 tbligroup.com

    #FrontierMarkets #MichaelMadden #Ronoc #OnGo #Myanmar #FinancialInclusion #ImpactInvesting #ESG #TBLI #TBLITalk #Fintech #EmergingMarkets #Mongolia #XacBank #LeadershipInCrisis

    59 min
  • 30 Years Pioneering Impact Investing /w Amy Domini

    Before ESG was a buzzword, before impact investing had a name, and before any major financial institution offered responsible investment products, Amy Domini was building the infrastructure for a movement. Thirty years on, she is still asking the hardest questions.

    In this TBLI Talk, Robert Rubinstein sits down with Amy Domini — founder of Domini Impact Investments, co-founder of KLD Research & Analytics, and creator of the Domini 400 Social Index, now the MSCI KLD 400 Social Index. Named to TIME Magazine's list of the 100 most influential people in the world, Amy is widely considered the mother of socially responsible investing in the United States. Her radical truth: ESG going mainstream is a victory — but it is not enough. The next 30 years must deliver real impact, not just better-screened portfolios.

    In this episode:

    • How the ESG and impact investing industry has evolved over three decades — from niche to mainstream
    • Whether ESG has actually improved environmental and social outcomes — or primarily improved product offerings
    • Why the relationship between investors and society is the most underused lever for systemic change
    • What the proliferation of ESG ratings, funds, and frameworks means for quality and integrity
    • What the impact investing industry must do differently to take impact to the next level
    • What Amy's vision is for the industry over the next 30 years — and what it will take to get there

    The key insight: Amy started asking clients in 1980 whether there were industries they would rather not invest in. Most said yes. That simple question — "does your money reflect your values?" — has grown into a multi-trillion dollar industry. But the question is no longer whether ESG can match market returns. The question is whether it is actually changing the world.

    ⏱️ Episode Guide:

    • 0:00 — How Amy built the SRI ecosystem before it existed
    • 0:X:XX — Has ESG gone mainstream — and at what cost to integrity?
    • 0:X:XX — Has impact investing actually improved things?
    • 0:X:XX — Shareholder advocacy as a tool for systemic change
    • 0:X:XX — The next generation of impact: what must change
    • 0:X:XX — Amy's vision for impact investing over the next 30 years

    👤 About Amy DominiAmy Domini is the founder and CEO of Domini Impact Investments and one of the founders of KLD Research & Analytics. In 1990, with partners Peter Kinder and Steve Lydenberg, she created the Domini 400 Social Index — now the MSCI KLD 400 Social Index — the world's first socially and environmentally screened stock market index. In 1991 she founded the Domini Social Impact Equity Fund, the first index fund based on social and environmental standards. Wikipedia Domini became a founding signatory to the United Nations-backed Principles for Responsible Investment and successfully advocated for the inclusion of corporate sustainability reporting in the UN Sustainable Development Goals framework. Domini She is the author of multiple books including Socially Responsible Investing: Making a Difference and Making Money and Ethical Investing, and has been named to TIME Magazine's list of the world's 100 most influential people. Wikipedia

    For anyone who cares about the past, present, and future of ESG and impact investing — this episode is essential listening.

    ABOUT TBLI RADICAL TRUTHReal experience. Real results. No greenwashing. TBLI Group is the world's leading ESG and impact investing network — educating, advising, and connecting investors for 25 years.🌐 tbligroup.com

    #AmyDomini #DominiImpactInvestments #ESG #SRI #ImpactInvesting #TBLI #TBLITalk #KLDIndex #SociallyResponsibleInvesting #SustainableFinance #ShareholderAdvocacy #ResponsibleInvesting #SystemsChange #ImpactPioneer #FutureOfESG

    1 hr 17 min
  • Are Green Bonds a Scam? w Sean Kidney

    Welcome to the TBLI Radical Truth Podcast, where we feature pioneers redefining the purpose of capital. For 25 years, TBLI Group has been the world's leading ESG and impact investing network.

    Why Radical Truth is different: most finance podcasts protect the industry. Radical Truth interrogates it. Unfiltered conversations with the founders, fund managers, and system-changers actually moving capital toward a liveable future — and calling out the impact-washing that isn't. No sponsors. No pretending.

    What if most of the $425 billion labeled "green finance" doesn't hold up to scrutiny? Sean Kidney, CEO of the Climate Bonds Initiative, joins Robert Rubinstein to separate genuine climate finance from greenwashing, and to explain what the EU Taxonomy will change about which bonds can call themselves green.

    Real research. No greenwashing.

    57 min
  • Catherine Coleman Flowers: America's Dirty Secret

    Welcome to the TBLI Radical Truth Podcast, where we feature pioneers redefining the purpose of capital. For 25 years, TBLI Group has been the world's leading ESG and impact investing network.

    Why Radical Truth is different: most finance podcasts protect the industry. Radical Truth interrogates it. Unfiltered conversations with the founders, fund managers, and system-changers actually moving capital toward a liveable future — and calling out the impact-washing that isn't. No sponsors. No pretending.

    What if hundreds of thousands of Americans live without functioning sanitation in the wealthiest nation on Earth? MacArthur "Genius" Fellow Catherine Coleman Flowers — the "Erin Brockovich of Sewage" — joins Robert Rubinstein to expose the class, race, and geography behind Third World conditions inside the United States.

    Real research. No greenwashing.

    58 min
  • America's destructive healthcare system: How to support change for patients, not profit? /w Wendell Potter

    He spent 20 years helping the health insurance industry deny coverage, kill reform, and deceive the American public. Then he walked away — and told the world everything.

    In this TBLI Talk, Robert Rubinstein welcomes back Wendell Potter — former VP of Corporate Communications at CIGNA, New York Times bestselling author, and the only health insurance industry insider ever to publicly blow the whistle on the system he helped build. Time Magazine called him the ideal whistleblower. Bill Moyers called him a straight shooter. Michael Moore called him the Daniel Ellsberg of corporate America. His radical truth: the US healthcare system is not broken. It is working exactly as designed — for Wall Street, not patients.

    In this episode:

    • How the US healthcare system is structured to protect profits over patients — and what that costs ordinary Americans
    • What Wendell saw from the inside: coverage cancellations, "purging" sick policyholders, and corporate PR designed to kill reform
    • Why he correctly predicted in 2010 that the Affordable Care Act would increase insurance industry profits — and how they gamed the system
    • Why Medicare for All is the only economically and morally coherent solution — and what stands in the way
    • What Medicare Advantage really is — and why critics like Wendell call it Medicare Disadvantage
    • How to break from the destructive healthcare system in the USA — and what genuine reform would look like

    The key insight: Health insurers have been successful at exactly two things: making money and convincing the American people they are essential. They are neither. Wendell Potter spent 20 years perfecting those lies — and has spent the decade since dismantling them.

    ⏱️ Episode Guide:

    • 0:00 — How Wendell went from industry insider to the industry's worst nightmare
    • 0:X:XX — What he saw inside CIGNA that changed everything
    • 0:X:XX — How the ACA was gamed — exactly as he predicted
    • 0:X:XX — The case for Medicare for All: economic and moral
    • 0:X:XX — Medicare Advantage: neither Medicare nor an advantage
    • 0:X:XX — How to break from America's destructive healthcare system

    👤 About Wendell PotterWendell Potter is a New York Times bestselling author and former health insurance industry communications director. He is the first and only health insurance insider to have publicly criticised the industry's stance on the Obama healthcare reforms, and correctly predicted in 2010 that the Affordable Care Act would increase insurance industry profits. Wikipedia He is the author of two bestselling books — Deadly Spin and Nation on the Take — and founder of Tarbell.org, a nonprofit investigative journalism site exposing corporate influence on healthcare, energy, and democracy. Modern Health Talk He has testified before Senate and House committees, and now serves as president of Business for Medicare for All, the only national business organisation working for single-payer health insurance. Center for Medicare Advocacy

    For anyone working in healthcare, social justice, impact investing, or the future of American democracy — this episode is essential and essential listening.

    ABOUT TBLI RADICAL TRUTHReal experience. Real results. No greenwashing. TBLI Group is the world's leading ESG and impact investing network — educating, advising, and connecting investors for 25 years.🌐 tbligroup.com

    #WendellPotter #HealthcareReform #MedicareForAll #CIGNA #Whistleblower #ImpactInvesting #ESG #TBLI #TBLITalk #USHealthcare #AffordableCareAct #HealthInsurance #SystemsChange #PublicHealth #HealthJustice

    1 hr 2 min
  • Shell: Greenwashing their way to disaster./w Caroline Dennett

    She spent 11 years inside Shell, surveying 35,000 frontline workers across 65 facilities in 30 countries. Then she emailed 1,400 executives to tell them exactly what she thought — and walked away.

    In this TBLI Talk, Robert Rubinstein sits down with Caroline Dennett, Director of CLOUT Ltd and one of the most striking whistleblowers in the history of the fossil fuel industry. As Shell's senior safety consultant, Caroline had unparalleled access to the reality behind the company's public climate commitments. What she found was a complete disconnect: rigorous safety culture on individual worksites, and total silence on the most unsafe thing the company was doing — pumping CO2 into the atmosphere at an unsustainable rate. Her radical truth: you cannot claim a Goal Zero safety ambition while planning to extract more oil and gas than ever before. That is not safety. It is double-talk.

    In this episode:

    • What 11 years of safety culture research inside Shell's global operations revealed about leadership, climate, and corporate denial
    • Why Shell's net-zero pledges are, in Caroline's assessment, a complete greenwash — and what the data from half a million words of employee feedback shows
    • What it costs — personally and professionally — to publicly fire a major client over values
    • How safety culture and climate culture are linked — and why leadership determines both
    • What genuine corporate leadership on climate would actually look like
    • How to drive systems change when organisations refuse to join the dots

    The key insight: Caroline asked a Shell colleague dealing with 42 inches of rain in 24 hours on a site in Houston: is this climate change? They recognised it was. But Shell wouldn't take responsibility for it. What's the point in focusing on individual safety if you ignore the most unsafe thing you do as a company?

    ⏱️ Episode Guide:

    • 0:00 — Why Caroline publicly resigned from Shell after 11 years
    • 0:X:XX — What 35,000 employee surveys revealed about Shell's climate culture
    • 0:X:XX — Safety culture, leadership, and climate denial: the connection
    • 0:X:XX — The personal cost of walking away from 60–70% of your business
    • 0:X:XX — What genuine corporate climate leadership looks like
    • 0:X:XX — How to drive change when organisations refuse to act

    👤 About Caroline DennettCaroline Dennett is Director of CLOUT Ltd and a social researcher and safety consultant. In the aftermath of the Deepwater Horizon disaster, she was commissioned by Shell to design a safety culture diagnostic tool, and for over a decade surveyed 35,000+ frontline employees and contractors across 65+ facilities in 30+ businesses in the global petrochemical sector. Climate One In May 2022 she publicly withdrew her services from Shell, citing their lack of leadership in addressing environmental crises and zero ambition for a genuinely green and safe future. Her video announcement went viral and garnered international media coverage. Climate One She is also active in working to divest UK pension funds from fossil fuels. Workforclimate

    For anyone working in ESG, corporate governance, climate leadership, or the future of responsible business — this episode is essential listening.

    ABOUT TBLI RADICAL TRUTHReal experience. Real results. No greenwashing. TBLI Group is the world's leading ESG and impact investing network — educating, advising, and connecting investors for 25 years.🌐 tbligroup.com

    #CarolineDennett #Shell #ClimateLeadership #Greenwash #Whistleblower #SafetyCulture #ESG #ImpactInvesting #TBLI #TBLITalk #FossilFuels #NetZero #ClimateAction #CorporateResponsibility #Divestment

    1 hr 1 min
  • How to access 95 billion euros for startups? / w Mauro Andriotto

    Europe has a €70 billion equity funding gap for breakthrough innovators. The EU has responded with one of the largest startup investment funds in the world. But how does it actually work — and how do you get funded?

    In this TBLI Talk, Robert Rubinstein sits down with Mauro Andriotto, founder of Andriotto Financial Services, former jury member of the European Innovation Council, and one of Europe's leading experts on EU innovation funding. With inside experience evaluating hundreds of applications for the EIC — the EU's flagship €10.1 billion programme for game-changing innovations — Mauro is uniquely placed to explain what the programme offers, who qualifies, and what it really takes to succeed. His radical truth: the funding exists, the ambition is extraordinary, but most companies never apply because they don't know the rules of the game.

    In this episode:

    • Why Europe has one of the world's largest startup investment funds — and why most innovators don't know about it
    • What companies can apply for €2.5 million in grants or €15 million in equity from the EIC
    • What "breakthrough" and "disruptive" innovation actually means in the context of EU funding criteria
    • How the EIC Accelerator works — from early-stage idea to investment and scale-up
    • What the real chances of getting funded are — and what separates successful applications from the rest
    • How impact-driven startups can leverage EU funding to accelerate their mission

    The key insight: There is more capital available for European innovators than most founders realise. The problem is not the money — it is knowing how to access it. Mauro has sat on both sides of the table: writing proposals and approving them. This is what he has learned.

    ⏱️ Episode Guide:

    • 0:00 — Europe's €70 billion equity funding gap and the EIC response
    • 0:X:XX — What the EIC actually is and how it works
    • 0:X:XX — Grants vs equity: who qualifies for what?
    • 0:X:XX — What "breakthrough innovation" means in practice
    • 0:X:XX — How to write a winning EIC application
    • 0:X:XX — What are the real odds of getting funded — and how to improve them

    👤 About Mauro AndriottoMauro Andriotto is the founder of Andriotto Financial Services, a financial boutique specialising in corporate finance and digital finance. He holds degrees from Bocconi University — including a Master's in General Management with 110/100 — and a Fintech specialisation from the Wharton School of the University of Pennsylvania. ICO Holder He personally worked with the European Commission from 2020 to 2021 as a jury member of the EIC programme, and has since served on the EIT advisory structure. EuGrantMe His team at Andriotto Financial Services is an official advisor to the European Commission for Horizon Europe, with one of the highest success rates among European competitors in grant applications. Andriotto He is also a professor of finance and quantitative methods at Bocconi University, SDA Bocconi, Pisa University, and UBIS Geneva. ICO Holder

    For anyone running a startup, working in innovation finance, or advising European entrepreneurs on funding — this episode is essential listening.

    ABOUT TBLI RADICAL TRUTHReal experience. Real results. No greenwashing. TBLI Group is the world's leading ESG and impact investing network — educating, advising, and connecting investors for 25 years.🌐 tbligroup.com

    #EIC #EuropeanInnovationCouncil #MauroAndriotto #StartupFunding #ImpactInvesting #ESG #TBLI #TBLITalk #HorizonEurope #EUFunding #DeepTech #Innovation #StartupEurope #GrantFunding #VentureCapital

    59 min
  • Confessions of a Recovering Professional Football Player/ w Will Allen

    From the Pittsburgh Steelers to Pittsburgh's startup ecosystem — one NFL veteran's journey to becoming an impact investor for founders the venture world has long overlooked.

    In this TBLI Talk, Robert Rubinstein sits down with Will Allen, founding partner of Magarac Venture Partners (MVP) and 12-year NFL veteran. After a career defined by discipline, teamwork, and elite performance, Will has channelled those same qualities into early-stage venture capital — with a mission to back the Midwest's most extraordinary entrepreneurs, and ensure that at least one third of MVP's capital goes to diverse and underrepresented founders. His radical truth: the greatest untapped investment opportunity in America is not in Silicon Valley or New York. It is in Pittsburgh, Columbus, Cleveland, and the cities of the Midwest — and most of the talent there has never had a fair shot at funding.

    In this episode:

    • How Will Allen went from 12 years in the NFL to founding one of Pittsburgh's most forward-thinking VC firms
    • Why the Midwest is poised to become the next great technology ecosystem — and why coastal investors keep missing it
    • How MVP is applying the NFL's "Rooney Rule" to venture capital — and what a genuine commitment to diverse founders actually looks like
    • What skills from professional football translate directly to impact investing
    • Why 33% of MVP's assets under management are committed to underrepresented entrepreneurs — and what that means in practice
    • What it takes for diverse founders to get access to the early-stage capital they need to build market-defining companies

    The key insight: In the NFL, the best teams win not just with talent — but with diversity of perspective, discipline, and the courage to back people others overlook. Will Allen is applying that same philosophy to venture capital. The Midwest has world-class talent. What it has lacked is investors willing to show up.

    ⏱️ Episode Guide:

    • 0:00 — From the NFL to impact investing: Will's journey
    • 0:X:XX — Why the Midwest is America's most underinvested tech ecosystem
    • 0:X:XX — MVP's Rooney Rule: bringing inclusion to venture capital
    • 0:X:XX — What diverse founders need — and what they're not getting
    • 0:X:XX — The skills professional athletes bring to investing
    • 0:X:XX — What the next chapter of impact investing in America looks like

    👤 About Will AllenWill Allen is a founding partner at Magarac Venture Partners, an early-stage venture capital firm investing in market-defining technology companies in the Midwest. He leads the firm's Inclusion Investing initiatives, committing 33% of assets under management to diverse entrepreneurs and implementing an inclusive hiring policy across all portfolio companies. H The Pittsburgh Foundatione was a member of the 2002 National Championship Team at Ohio State, earned All-American honours, and played 12 years in the NFL for the Pittsburgh Steelers and Tampa Bay Buccaneers. He holds a master's degree in business management and analytics from the University of Dayton and a BA from Ohio State, with continuing education at Harvard Business School and Kellogg School of Business. I The Pittsburgh Foundationn 2008 he established the Will Allen Foundation to provide resources for underprivileged youth around academics and education.

    WillallenfdnFor anyone working in impact investing, diversity and inclusion in venture capital, or the future of the American Midwest economy — this episode is essential listening.

    ABOUT TBLI RADICAL TRUTHReal experience. Real results. No greenwashing. TBLI Group is the world's leading ESG and impact investing network — educating, advising, and connecting investors for 25 years.🌐 tbligroup.com

    #WillAllen #MagaracVenturePartners #ImpactInvesting #DiverseFounders #NFL #Pittsburgh #ESG #TBLI #TBLITalk #VentureCapital #MidwestTech #InclusionInvesting #RooneyRule #BlackFounders #SportsToBusiness

    1 hr 2 min
  • How to fight poverty through Community Currencies? w/ Will Ruddick

    What if communities could create their own money — and use it to trade their way out of poverty without waiting for banks, governments, or donors?

    In this TBLI Talk, Robert Rubinstein sits down with Will Ruddick, founder of Grassroots Economics Foundation and one of the world's most original thinkers on community currency and poverty eradication. A physicist turned development economist, Will has spent over 15 years in East Africa building something the economics establishment said couldn't work — and proving them wrong. His Sarafu and Bangla-Pesa programmes have introduced community currencies to over 4,400 businesses and schools across Kenya, enabling over 60,000 households to trade goods and services worth $4 million — without relying on scarce national currency. His radical truth: poor communities are not poor in resources. They are poor in the medium of exchange.

    In this episode:

    • What community inclusion currencies are — and why they are one of the most powerful tools for poverty eradication ever developed
    • How Sarafu and Bangla-Pesa work in practice — and what a 22% average increase in participating businesses' incomes looks like on the ground
    • Why the scarcity of national currency traps communities in poverty — and how community currencies break that trap
    • How blockchain and digital ledger technology are scaling these programmes across Kenya, Cameroon, and South Africa
    • What ancient mutual aid traditions from over 42 Kenyan tribal practices reveal about the future of alternative economics
    • What investors, humanitarian organisations, and development professionals need to understand about this model

    The key insight: The problem in poor communities is not a lack of goods, services, or talent. It is a lack of a medium of exchange. When you give communities a way to trade what they already have, remarkable things happen — without aid dependency, without interest, without banks.

    ⏱️ Episode Guide:

    • 0:00 — From particle physics to community currency: Will's journey
    • 0:X:XX — What community inclusion currencies are and how they work
    • 0:X:XX — Bangla-Pesa and Sarafu: from pilot to 60,000 households
    • 0:X:XX — Blockchain and scaling community currencies globally
    • 0:X:XX — Ancient mutual aid and the economics of commitment pooling
    • 0:X:XX — What this model means for development finance and impact investing

    👤 About Will RuddickWill Ruddick is a development economist and founder of Grassroots Economics Foundation. After completing graduate school researching high energy physics at the Stanford Linear Accelerator Center, he pivoted to alternative economics and development. Since 2008 he has lived in East Africa managing programmes in environment, food security, and economic development. Schumacher Center for a New Economics He has pioneered Community Inclusion Currency programmes in Kenya since 2010, founding the award-winning Sarafu Network and Bangla-Pesa, and consults worldwide with partners including the World Food Programme and the Red Cross. Schumacher Center for a New Economics His programmes now reach over 80 communities across Kenya, Cameroon, and South Africa.

    For anyone working in development finance, financial inclusion, or alternative economics — this episode is essential listening.

    ABOUT TBLI RADICAL TRUTHReal experience. Real results. No greenwashing. TBLI Group is the world's leading ESG and impact investing network — educating, advising, and connecting investors for 25 years.🌐 tbligroup.com

    #WillRuddick #CommunityCurrency #GrassrootsEconomics #Sarafu #BanglaPesa #ImpactInvesting #ESG #TBLI #TBLITalk #FinancialInclusion #Kenya #AlternativeEconomics #PovertyEradication #Blockchain #DevelopmentFinance

    58 min
  • DAVOS MAN - How the Billionaires Devoured the World /w Peter S. Goodman

    The billionaire class emerged from the pandemic richer than ever. The rest of the world did not. How did this happen — and who is responsible?

    In this TBLI Talk, Robert Rubinstein sits down with Peter S. Goodman, Global Economics Correspondent for The New York Times and author of the bestselling Davos Man: How the Billionaires Devoured the World. Drawing on decades of reporting from over 40 countries, Peter has built the definitive case for how a small class of globe-trotting ultra-wealthy — the "Davos Men" — have systematically stripped governments of resources, weakened healthcare systems, evaded taxation, and exploited the pandemic to multiply their fortunes while the world suffered. Nobel Prize-winning economist Joseph Stiglitz called it "a biting, uproarious yet vital and deadly serious account." The Washington Post called it "the hijacking of our democracy." Peter's radical truth: the "Cosmic Lie" — that cutting taxes and deregulating markets benefits everyone — has happened, in real life, exactly zero times.

    In this episode:

    • How the billionaire class exploited COVID-19 to accelerate a 50-year trend of wealth centralisation
    • What "Davos Man" is — and how stakeholder capitalism rhetoric masks systematic plunder
    • How the hollowing out of healthcare, government, and public infrastructure left the world defenceless against the pandemic
    • What the true cost of tax avoidance and deregulation is — and who pays it
    • What portraits of ordinary workers — from a Bangladeshi migrant in Qatar to an Amazon warehouse employee in New York — reveal about how global elites shape daily life
    • What genuine economic reform would look like — and whether democracy can still deliver it

    The key insight: Davos Man deploys philanthropic dollars — a tiny fraction of the taxes he has avoided — to pose as a concerned global citizen, while perpetuating the idea that his continued enrichment is a requirement for society to make any progress at all. Peter Goodman spent years documenting the lie. This is what he found.

    ⏱️ Episode Guide:

    • 0:00 — What Davos Man is and why he matters
    • 0:X:XX — How the billionaire class exploited the pandemic
    • 0:X:XX — The Cosmic Lie: trickle-down economics and its victims
    • 0:X:XX — Stakeholder capitalism: noble vision or cover story?
    • 0:X:XX — Who pays for tax avoidance and deregulation
    • 0:X:XX — What genuine reform looks like — and whether it is still possible

    👤 About Peter S. GoodmanPeter S. Goodman is the Global Economics Correspondent for The New York Times. He previously served as the NYT's European and national economics correspondents, playing a leading role in the paper's award-winning coverage of the Great Recession, including a series that was a Pulitzer Prize finalist. H Amazone has reported from more than 40 countries, has been recognised with two Gerald Loeb Awards and seven prizes from the Society of American Business Editors and Writers, and is the author of Davos Man (2022) and Past Due (2009), named one of Bloomberg's top 50 business titles. H Amazone graduated from Reed College and holds a master's degree from the University of California, Berkeley.

    AmazonFor anyone working in impact investing, ESG, economic justice, or the future of capitalism — this episode is essential listening.

    ABOUT TBLI RADICAL TRUTHReal experience. Real results. No greenwashing. TBLI Group is the world's leading ESG and impact investing network — educating, advising, and connecting investors for 25 years.🌐 tbligroup.com

    #PeterGoodman #DavosMan #Billionaires #EconomicInequality #ImpactInvesting #ESG #TBLI #TBLITalk #StakeholderCapitalism #WealthInequality #NYTimes #COVID19 #SystemsChange #TaxJustice #Democracy

    1 hr 5 min

About Radical Truth

From the publisher's feed

Most finance podcasts protect the industry. This one interrogates it.