The debate on antitrust reform should incorporate racial equity

By Herbert | July 8, 2021

Last month, Lina Khan-a widely known critic of Big Tech companies-was sworn in as the newly minted chair of the Federal Trade Commission (FTC). She already faces a considerable challenge after a federal judge dismissed the agency’s antitrust lawsuit against Facebook, allowing it 30 days to file an amended complaint. In this defining moment of her early tenure, …

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Here’s How to Propel 2 Million Black Americans to the Middle Class

By Herbert | June 18, 2021

If Juneteenth doesn’t make you think about the economy, maybe it should. Racial discrimination has an obvious human cost, but there’s an economic cost, too. In new research, we examined the disparities Black Americans face in various economic roles – as workers, business owners, savers, investors, consumers and residents. We found critical gaps that prevent Black …

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The Economic State of Black America: What Is and What Could Be

By Herbert | June 17, 2021

Closing racial gaps across the economy is not only about righting historic wrongs. It is also about choosing a more dynamic future and realizing the full potential of a massively underutilized source of talent, to the benefit of all Americans. The disparities on display during the COVID-19 pandemic were a jolt to America’s conscience. Job losses …

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How Foundations Fail Diverse Fund Managers and How to Fix It

By Herbert | June 4, 2021

Printed Dec. 17, 2020. Foundations and impact investors need to face the ways they are complicit in perpetuating inequality through their capital allocations, and upend five structural investment barriers to better serve women and people of color. It’s time for foundations and other impact investors to face the truth. No more navel-gazing, no more conferring, …

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Business and Systemic Racism: The Next Step in a Long Journey

By Herbert | May 6, 2021

Last week, Sen. Tim Scott made headlines in his rebuttal to the President’s State of the Union address when he declared that “America is not a racist country.” As Gerald Seib wrote in the Wall Street Journal this week, Sen. Scott’s remarks-and the swift rebuttal from others on both sides of the aisle, including my good …

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Venture capital’s quest for diversity and equity remains a work in progress

By Herbert | April 23, 2021

Nearly a year ago, as the nation reckoned with the horrifying video of George Floyd’s murder in Minneapolis, Alejandro Guerrero, a general partner at early-stage venture capital firm Act One Ventures, sat alone at his home in Los Angeles, coming to terms with what he had just seen and bracing for the fallout. “All the …

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