Bankable Social Returns: Intergenerational Equity as a Pension Investment Strategy

by

Patrick Devaney

In today’s rapidly evolving financial landscape, pension funds stand at a critical crossroads. With over $60 trillion in collective assets under management globally, these institutions wield enormous influence over our economic future. Yet most remain surprisingly disconnected from one of their most fundamental strategic opportunities: investing in ways that directly benefit their own beneficiaries beyond simple financial returns. The concept of intergenerational equity in pension investments offers a compelling framework that goes beyond traditional social impact investing. It suggests that by strategically directing capital toward education and training in lower and lower-middle income countries, pension funds could simultaneously generate financial returns while creating social conditions that enable their beneficiaries to thrive in later life. The Intergenerational Equity Challenge At its ... Read more

How Europe Can Reclaim Its Housing Markets: A Strategic Response to Trump’s Tariffs

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Patrick Devaney

As Donald Trump’s administration imposes sweeping tariffs on European goods and toys with imposing even harsher tariffs still, the EU finds itself at a critical juncture. With nearly $300 billion wiped off Apple’s value in the immediate aftermath and European leaders condemning these “brutal and unfounded” measures, the EU has the chance to consider strategic retaliation. Rather than merely responding in kind, this trade tension creates a unique opportunity to address one of Europe’s most pressing domestic challenges: the housing crisis exacerbated by platforms like Airbnb. Trade Wars and Housing Crises The numbers tell a compelling story. The US enjoyed a €109 billion trade surplus with the EU in services in 2023 while running a €157 billion deficit in goods. ... Read more

The public vs private debate is over. We need a new paradigm for social sustainability

by

Patrick Devaney

Across industrialized democracies, the traditional corporate model—focused on maximizing shareholder returns—has proven increasingly inadequate in addressing the urgent social and ecological challenges of our time. From climate breakdown to rising inequality and democratic erosion, entrenched capitalist systems are failing to deliver solutions, leaving governments and societies grappling with the consequences. Yet, the answer is not a retreat to centralized government control or blind faith in deregulated markets. Instead, what is needed is a new paradigm: mission-driven enterprises capable of competing with dominant corporate entities while remaining agile enough to prioritize social and ecological objectives alongside financial sustainability. This approach is particularly relevant in regions where corporate influence has distorted democratic governance, creating systems that funnel public resources into private hands ... Read more