TEDTalks: The Capitalism Paradox Season 1 Episode 3 Jacqueline Novogratz on Patient Capitalism

TEDTalks is a well-known educational television show that features speakers and experts from various walks of life sharing their experiences and thoughts on a wide range of topics. In season 1, episode 3 named "Jacqueline Novogratz on Patient Capitalism," Jacqueline Novogratz, the founder, and CEO of Acumen, a non-profit global venture fund that invests in companies that aim to solve societal problems delivers an inspiring TEDTalk.

In this TEDTalk, Novogratz shares her unique perspective on capitalism and how it can make a significant impact on the world by creating sustainable and long-lasting change. She believes that capitalism, when coupled with patience, can create an inclusive and just economy and society. She argues that the core principles of capitalism can be used to solve some of the most complex issues facing the world today.

Novogratz discusses how many philanthropists and investors are incentivized by quick returns, which can result in overlooking the long-term viability of a project. She believes that this mentality can be detrimental to the success of a project, especially those involving social impact. Novogratz stresses the importance of having patience and investing in projects over the long-term, which she calls "patient capitalism."

Throughout her talk, Novogratz shares impactful stories of how Acumen has used patient capitalism to create sustainable and transformative change in the communities it serves. She discusses how they invest in socially responsible companies that not only create jobs but also address the root causes of poverty.

Novogratz highlights several examples of Acumen's investments, including a company that provides low-cost, off-grid energy to families in rural areas of Africa. She also shares the story of a company that created an affordable eyeglass brand that empowers people with low vision to be productive members of their communities. These stories showcase the power of patient capitalism to create change on a systemic level.

Throughout her talk, Novogratz emphasizes the importance of viewing the world through a lens of abundance rather than scarcity. She encourages people to shift their mindset from one of fear to one of possibility and hope. Her message is empowering and inspirational, and it challenges viewers to think differently about capitalism and the role it can play in creating a better future.

Overall, Novogratz's TEDTalk is an excellent example of how patient capitalism can be used to create positive change in the world. Her message is one that is relevant and timely, and it challenges us to think more deeply about the role of capitalism in our society.