Your Mark On The World

#247: Ben Hecht: 'Inequality Of Income Presents A Threat To Our Society, Our Economy And Our Democracy'

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Synopsis

June 5, 2015 - Read the full Forbes article and watch the interview here: http://onforb.es/1HNM7I4. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. Ben Hecht, CEO of Living Cities, is an impact investor whose passion makes him more of a crusader than a financier. (Disclosure: a former client has an application for a loan pending with Living Cities.) Consider his statement to me, “Unless we ferociously change course, the majority of our citizens in 2040 will be less educated, less prosperous, and less free than our current majority, due to decades of dysfunctional systems, disinvestment, mass incarceration, and disenfranchisement of people and communities of color.” Advocating a wholistic, collective approach to addressing urban problems, Hecht says, “A new type of urban practice aimed at dramatically improving the economic well-being of low-income people faster will require all players – individuals, business,