Intelligence

The Key To Fixing Capitalism? More Capitalism

Reporter: Vested Staff

The Key To Fixing Capitalism? More Capitalism: If you haven’t heard, capitalism is having a Britney Spears-circa-2007-moment that’s left politicians, business leaders, and the general public asking the same question: where did we go wrong, and how do we improve?

Gerard Baker, the editor of the Wall Street Journal, took to the paper’s editorial page to offer his solution–capitalism needs more capitalism. There’s a growing interest from investors in companies with ESG initiatives focused on topics like the environment, education, and affordable housing, that the government hasn’t tackled. While Baker isn’t suggesting the private sector is the only solution to issues that were once dealt with by public institutions, there are plenty of instances of success.

Facebook Turns Groups to Goldmines: Remember Facebook groups? You still may be part of the one for your now-alma mater’s freshman class group, or one for that band you used to love. You may have forgotten about them, but Facebook certainly hasn’t–and all of those “accept” buttons you hit in 2009 could resurface in the form of advertisements, according to the Wall Street Journal.

At its annual developer conference last week, the social media giant announced the possibility to target individuals based on the groups they belong to. Right now, groups are free from ads but are incredibly valuable to Facebook as they give insight as to how individuals self-identify (USC student, Beyonce fan, etc.), as opposed to basic personal information like name, age, and gender.

Jack Dorsey Is Gwyneth Paltrow for the Valley: Forget the micro-influencer. The pendulum has swung once again and Jack Dorsey, CEO of Twitter, is at the other end of it, writes the New York Times. Like Gwyneth Paltrow, who wielded her fame as an actress to enter into the wellness world and launch Goop, Dorsey is doing the same with his ban of faithful techies. The billionaire is not only embracing but endorsing salt juice, heavy meditation, and EMF-blocking saunas–and people are listening.

Stocks From a Bird’s Eye View: Business analysts who used to stroll the aisles of big-name stores to size-up performance after major holidays have taken a backseat to a more efficient, largely unregulated (and slightly creepy) technique: real-time satellite information, according to The Atlantic. By turning photos of parking lots into data on how many people are shopping at a given time, investors can, in turn, make more informed decisions on a company’s stock. Frank Partnoy looks at how ethical the practice is, despite being perfectly legal.

Asset Managers Respond to Intense Pressures: As margins shrink drastically and technology begins to automate jobs that once needed a human touch, asset managers are in a less than desirable position, writes our Chief Economist Milton Ezrati in our latest blog post. Learn how the field is changing and some of the biggest challenges asset managers face in a tough climate.