Profit vs. Progress

Why Socially Responsible Investment Doesn't Work and How to Fix It

Brad Swanson (Autor)

Buch | Hardcover

192 Seiten

2026
MIT Press (Verlag)
978-0-262-05159-0 (ISBN)

Noch nicht erschienen (ca. März 2026)
Versandkostenfrei
Auch auf Rechnung

Artikel merken

Why socially responsible investment promises to make investors richer and the world better but fails at both. Wall Street thrives by telling investors that clever financial strategies can reverse the trade-off between corporate profits and social progress. But the link between greater corporate social responsibility and improved financial performance is an illusion. Profit vs. Progress dissects the massive $30 trillion socially responsible or sustainable finance industry and finds the emperor has no clothes. At best, sustainable investing typically delivers average rates of financial and social returns. But it makes social and environmental crises harder to overcome, by using financial gimmickry to distract our attention from real solutions. Author Brad Swanson argues that corporations in competitive markets act without moral values, and ethical investment can t prod them to greater social responsibility. The only way to change the outcome of the game is to change the rules. The solutions will have to come from legislatures, not corporate boardrooms. Swanson calls for public policies to make businesses better serve all of society, not just their shareholders without blunting their edge. His recommendations include breaking up the cartel of large asset managers, rebuilding the influence of organized labor, curbing the rapacious behavior of the private equity industry, and eliminating the conflict of interest that pits corporate directors against the greater good of the community. The author shows that in previous eras of social crisis caused by corporate excess, meaningful reforms emerged through the political process. Today as well, the path forward is clear if we have the will to follow it.

Brad Swanson manages socially responsible investments and is an adjunct faculty member in the Costello College of Business at George Mason University. Before entering the finance industry, he was a foreign service officer in the US Department of State, with tours of duty in several African countries. He began his career as a newspaper reporter in south Florida.

Erscheint lt. Verlag	24.3.2026
Sprache	englisch
Maße	152 x 229 mm
Themenwelt	Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
	Wirtschaft ► Volkswirtschaftslehre
ISBN-10	0-262-05159-1 / 0262051591
ISBN-13	978-0-262-05159-0 / 9780262051590
Zustand	Neuware