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Shifting Power: Transition to an Inclusive Economic System

Wednesday, April 14, 2021

Session Description

When power is concentrated, decisions are made to benefit the few, often at the expense at the many. In an effort to shift toward a more inclusive economic system that serves all stakeholders, how can we shift power and wealth to those whom the system was designed to marginalize? Is power like pie—a finite resource where someone must relinquish their piece for others to enjoy it? Are there entrenched interests that are simply unlikely to budge; and if so, how might we overcome these barriers? Join us to explore the big questions and the concrete solutions social innovators are pursuing to shift power toward a more inclusive and sustainable global economic system.

Time & Location

Time:
8:00 PM - 9:00 PM, Wednesday, April 14, 2021 BST
Speakers
  • Speaker
    Founder, Common Future
    Rodney Foxworth has spent over 15 years working at the intersection of community development finance, economic inclusion, impact investing, and social entrepreneurship. He is Co-Founder of Worthmore, a strategic advisory and impact investment studio. Most recently, Rodney served as CEO of Common Future. He previously founded Invested Impact, an intermediary that facilitated millions of dollars in philanthropic and impact investment capital into community economic development projects and social entrepreneurs of color. An inaugural Ford Global Fellow and a Skoll Awardee for Social Innovation, Rodney serves as a board director of Race Forward, Rhia Ventures, RockHealth, Woodcock Foundation, and SOCAP Global.
  • Speaker
    President and CEO, PolicyLink
    Dr. Michael McAfee, Chief Executive Officer, leads PolicyLink, a national research and action institute that works to build a future where all people in the U.S. can participate in a flourishing, multiracial democracy, prosper in an equitable economy, and live in thriving communities. He is achieving this by enacting liberating public policies for the 80 million people living in or near poverty, the majority of whom are people of color. Dr. McAfee brings over 25 years of experience as a leader who has partnered with organizations across the public, philanthropic, and private sectors to realize this vision. Before joining PolicyLink, Michael served as a senior community and development representative in the Chicago Regional Office of the U.S. Department of Housing and Urban Development (HUD). He has also served in the United States Army. He earned his doctorate in human and organizational learning from George Washington University.
  • Speaker
    CEO and President, Skoll Foundation
    Marla Blow is the Chief Executive Officer and President of the Skoll Foundation, a global philanthropy dedicated to building a world of peace and prosperity for all. She is responsible for overseeing the Foundation’s work to invest in, connect, and champion social innovators around the globe. Marla previously served as President and Chief Operating Officer of the Foundation, during which time she held day-to-day responsibility for meeting the Foundation’s goals and carrying out its mission. Marla continues to supervise strategic grant-making, oversee the Foundation’s endowment, and apply the organization’s operating model. Over two decades, Marla has built a compelling track record of working within philanthropy, business, and government to create enduring systemic change, particularly for marginalized communities. She is committed to activating the Foundation’s entire balance sheet, from its grant-making dollars to its endowment, to advance the Foundation’s mission of building a world of peace and prosperity for all. Marla has more than 25 years of experience in the financial services sector, including on Wall Street, in the U.S. federal government as a regulator, and as an entrepreneur. Immediately prior to joining the Foundation, she served as Senior Vice President and North America Lead in the Mastercard Center for Inclusive Growth, where she designed and led innovative philanthropic programs focused on financial inclusion, economic development, the future of work, and data for good. Previously, Marla founded and served as CEO of FS Card Inc., a subprime credit card venture focused on moving small-dollar loan customers into more affordable products that solve the borrowing needs of these otherwise underserved consumers. FS Card successfully helped 120,000 customers access over $50 million in traditional credit, providing them an on-ramp to reenter the financial mainstream. She sold the company in 2019 in a strategic acquisition. During her time at FS Card, she was recognized with the 2018 EY Mid-Atlantic Emerging Company Entrepreneur of the Year Award and was listed as one of Fast Company’s Most Creative People in Business. Marla was included in the April 2018 Vanity Fair “26 Women of Color Diversifying Entrepreneurship in Silicon Valley, Media, and Beyond” feature. She is also a Henry Crown Fellow as part of the Aspen Global Leadership Network. Earlier in her career, Marla played an integral role in launching and managing the Consumer Financial Protection Bureau (CFPB), and ultimately served as the Assistant Director for Card and Payment Markets, where she shaped the CFPB’s regulatory priorities in these markets. Additionally, Marla spent seven years in a variety of functions at Capital One in its credit card business. She started her career on Wall Street at Morgan Stanley and JPMorgan Chase. In addition to her work at Skoll, Marla also serves on the Board of Directors of Square Financial Services, an independent subsidiary of Block, Inc., and in 2021, she joined the Board of Directors of Etsy, Inc. She is an Operating Advisor at ABS Capital Partners and at Accion Venture Lab, and sits on multiple nonprofit boards, including the Coalition for Green Capital, Stanford GSB Advisory Council, and FinRegLab, where she is Board Chair. Marla is a frequent speaker on topics such as entrepreneurship, social innovation, global philanthropy and civil society, impact investing, inclusive capitalism, consumer finance, leadership, and the intersection of business and regulation. She has delivered remarks and keynote addresses at the White House, UN General Assembly, US Treasury, the Federal Reserve, TED, Ford Foundation, Aspen Institute, National Press Club, and numerous industry conferences and events. Marla was a member of the US Capital Chapter of the Young Presidents’ Organization, and previously served on the Board of Directors of Care.com (NYSE: CRCM, sold to IAC), and on the Board of Directors of FactorTrust (sold to TransUnion). Marla holds an MBA from Stanford University and an undergraduate degree in international finance from the Wharton School at the University of Pennsylvania.
  • Moderator
    Managing Director, Skoll Foundation
    Liz is Managing Director at the Skoll Foundation, where she founded and leads the Foundation’s collaborative funding practice, which has leveraged over $3 billion in additional funding to our portfolio partners. Prior to this role, Liz developed the Foundation's investment practice, guiding strategy and execution from scoping and pipeline development to deal structuring and portfolio management to impact evaluation and learning. This included overseeing the Foundation’s follow-on investment program, which was sunset in 2020. Liz is a practitioner and thought leader on innovative finance, systems change, and best practices in philanthropy. She is passionate about human dignity and works to bring the power closer to the pain to improve the human condition. She has a track record of driving philanthropic, donor, government, and investment capital to support social progress and impact, and prior to joining Skoll, Liz held positions with USAID, World Economic Forum, Bill & Melinda Gates Foundation, and the U.S. International Development Finance Corporation. Liz is a Midwesterner at heart (KCMO!) and a globalist in spirit who never ceases to be moved by human kindness.
  • Speaker
    President & CEO, Roosevelt Institute
    Felicia Wong is the president and CEO of the Roosevelt Institute, where she directs the organization’s mission, vision, and strategy in pursuit of a high-care, low-carbon economy that works for all. She was the US representative on the G7 Economic Resilience Panel in 2021 and served on the Biden-Harris administration transition advisory board. Under her leadership, Roosevelt has grown more than fourfold, and now regularly works with the nation’s top public officials, academic experts, and progressive movement organizers. Her research focuses on post-neoliberal thought and the intersection of race, economics, and social stratification; and her work has appeared in the New York Times, the Washington Post, Time, Democracy: A Journal of Ideas, and the Boston Review. She co-hosts the podcast, How to Save a Country, and is the co-author of the book The Hidden Rules of Race: Barriers to an Inclusive Economy (Cambridge University Press, 2017).