Prince Charles, former US president Bill Clinton, the Bank of England governor Mark Carney and fund managers representing one third of the world’s investable income descended on London on Tuesday on a mission to try to solve capitalism’s current problems.
They will join 250 delegates from 37 countries and 35 business sectors representing assets under management of about $30 trillion (£18 trillion) at the Conference on Inclusive Capitalism, at the Mansion House and Guildhall.
Keynote speaker Lagarde told the conference: “In the past, economists have underestimated the importance of inequality. They have focused on economic growth, on the size of the pie rather than its distribution. Today, we are more keenly aware of the damage done by inequality.
“The recognition of this fact by the conference on inclusive capitalism is incredibly important for the long term prosperous future of all.”
Prince Charles, Mr Clinton and Mr Carney will make speeches, along with the managing director of the International Monetary Fund, Christine Lagarde, and Larry Summers, the former US Treasury secretary, who is now a Harvard professor.
Here is part 1: