To date, the socially responsible sale has largely been one of the heart. Goldman’s play is one of the mind. And that is what is going to make impact investing a real industry, not a marketing ploy or a dalliance for the wealthy.
Let’s hope crime in New York City goes down for the public’s sake, and let’s hope crime goes down in New York City for investment sake.
Goldman’s private-public model would put more money in our pockets, and strives to ensure that there are fewer criminals on the streets looking to steal it.
Thomas M. Kostigen is a bestselling author whose latest book, Golden Dawn, is available in bookstores and online.