Innovation Ethics and the Investor Thesis
It’s critical that we, as investors, take responsibility for the direction of innovation and technology rather than merely try to manage a portfolio. And while many of us talk extensively about this responsibility, few are able to live up to its requirements. Although it maybe easy to blame moral character, or incentive structures for such failings, I believe we should blame our intelligence and moral imagination. If only we had a model to deliver the kind of ethical and compassionate impact we all too readily ascribe to oursleves and our decisions. Innovation Ethics is such a model, which asks the investor to answer three simple questions: 1) what counts as innovation?; 2) who should be innovating?; and 3) how should we value innovations? I argue that answering these questions not only inspire the kind of moral imagination we need to cultivate in the investor community, but they also allow us to hold each other accountable in unique ways not afforded by other, abstract concepts such as CSR, ESG, and Effective Altruism.
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