John Fullerton is the founder of the Capital Institute, a group dedicated to the modest task of rethinking the future of finance. Prior to his work at the Capital Institute, he was the Managing Director of JPMorgan.
If there is a moment that encapsulates my conversation with John, it is when he suggests we need a new word to express the interconnected environmental/economic system. Applying an investor's sense of risk management to climate change, John sees our economic status quo as reckless and self-destructive. If we remain transfixed by our model of infinite growth in a finite system, John warns, we are likely to destabilize the natural capital underpinning our economy.
If you're hoping John will swoop in with an easy solution here, you're wrong. Transitioning away from an economy based on infinite growth is immensely risky in its own right. Efforts to stabilize the climate would come at the cost of leaving immensely valuable natural resources in the ground, devaluing many of o