The industrial economy is geared towards maximization of wealth. This target has led towards substantial, even amazing, economic growth during the last two centuries. Yet, at the same time this growth has introduced new risks and has caused severe threats and actual damages to the environment and to the social framework.
Some risks are environmental: Global climate change; loss of diversity that decreases resilience; damage to delicate food chains; and land, air and water pollution. Others are societal, such as employment security, growing inequality in income and wealth, pressures related to rapid urbanization, and demographic changes that threaten retirement system.
The focus of our conversation will be to show the roles of financial consumers in helping to mitigate these threats and turn them into opportunities. As an insurance expert, I think that retirement savings hold the key to the solution.