Heed the lessons of failure.
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Carney: Keynote dinner speech at the Conference on Inclusive Capitalism
Inclusive capitalism is fundamentally about delivering a basic social contract comprised of relative equality of outcomes; equality of opportunity; and fairness across generations. Different societies will place different weights on these elements but few would omit any of them. Societies aspire to this trinity of distributive justice, social equity and intergenerational equity for at least three reasons. First, there is growing evidence that relative equality is good for growth.1 At a minimum, few would disagree that a society that provides opportunity to all of its citizens is more likely to thrive than one which ... (full story)
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