02 Sep Take Action Now to Grow the Opportunity Economy
Take Action Now: Let’s Grow the Opportunity Economy
InflexionPoint Podcast
Tune in to the latest episode of InflexionPoint Podcast where we are dedicated to the art of listening in authentic conversation.
We challenge our audience to listen actively and intentionally for the purpose of critical self-reflection, in-depth perspective-taking, personal transformation, and ultimately social impact.
The 2024 theme explores the Art of Community Conversations in today’s climate of systemic and institutional racism, antiracism activation, Equity Diversity & Inclusion, and book banning.
In Episode 70 we continue our discussion of the precipice of change in which we currently find ourselves. We explore the “opportunity economy” where everyone has a chance to compete and a chance to succeed.
Keywords: Freedom. Opportunity. Justice
Call to Action
#StayWOKE – Well-informed. Open-minded. Kind. Empathetic.
Be prepared to #VOTE – Voices Organized To Empower.
“Building that middle class will be a defining goal of my presidency…That’s why we will create what I call an opportunity economy…where everyone has the chance to compete and a chance to succeed.”
— VP Kamala Harris, Essence Magazine
Segment 1
“At Prosperity Now, We Drive Change to Advance Racial and Ethnic Economic Equity. Our organization is inspired by a big, bold goal— transforming our economy to work for everyone.”
- Child & Family Wealth Building
- Consumer Protections
- Housing & Home Ownership
- Inclusive Entrepreneurship
- Jobs and Income
- Tax Equity
Federal Reserve Bank of San Francisco & the Corporation for Enterprise Development:
What It’s Worth: Strengthening the Financial Future of Families, Communities, and the Nation
“This book is dedicated to Robert Friedman [Author/Founder of Prosperity Now] whose unwavering belief in the capacity of every person to create his or her economic future — if given access to the necessary tools and resources — has inspired the growth of a field dedicated to expanding economic security and opportunity.”
Chapter 2 Why Financial Well-Being Matters for All: The Economy, The Financial Services System and he Community.
Race, Place, and Financial Security: Building Equitable Communities of Opportunity, Angela Glover Blackwell, PolicyLink
Segment 2
“While the targets unquestionably suffer the most, denying people equal opportunities diminishes the finances of millions of Americans… New research shows that while the immediate targets of racism are unquestionably hurt the most, discrimination inflicts a staggering cost on the entire economy, reducing the wealth and income of millions of people, including many who do not customarily view themselves as victims.”
- The pernicious effects of discrimination on the wages and educational attainment of its direct targets are being freshly documented in inventive ways by scholarship
- Economists are increasingly considering the cost of racially based misallocation of talent to everyone in the economy.
- Similarly, other research estimates that aggregate economic output would have been $16 trillion higher since 2000 if racial gaps had been closed.
- Research suggests that organizations — companies, laboratories, colleges and universities — are leaving colossal sums of money on the table by not maximizing talent and living standards for all Americans.
Segment 3
Building the Opportunity Economy
What It’s Worth: Strengthening the Financial Future of Families, Communities, and the Nation
Chapter 2 Why Financial Well-Being Matters for All: The Economy, The Financial Services System and the Community
We Are in This Together: Bipartisan Solutions to Preserve the American Dream —Phil English, Arent Fox LLP & Jeremie Greer, CFED. “In the American economy, freedom can only be sustained if the core commitment to equal opportunity is nurtured and sustained. Social stability can only be maintained if the capitalist economy is offering procedural fairness.” —FDR
The Fading American Dream
“This pursuit of happiness presupposes the ability of individuals to have free access to the economy and its rewards. It is an unfortunate fact that this American Dream has not been equally attainable for all; the complex interplay of race, gender, class, and geography creates economic advantage for some, but reinforces long-standing barriers for others.”
Our Collective Financial Future Depends on the Financial Well-Being Of U.S. Households
“Today’s turbulent marketplace presents an array of structural barriers that cut off access to the critical building blocks of financial well-being.”
Segment 4
Final Thoughts/CTA
Moving forward where do YOU go from here?
Calls to Action: Stay woke and be prepared to vote.
#StayWoke (Well-informed, Open-minded, Kind, and Empathetic)
Be prepared to #Vote (Voices Organized To Empower)
Closing Quote: Prosperity Now
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