Reforming capital markets to build broad-based prosperity and reduce economic inequality

Decision-making power and financial gains have accrued to too few, compounding and entrenching unhealthy market concentration and economic inequality. Meanwhile, workers, communities, consumers, and regions remain undervalued and with little influence.

A clear majority of people worldwide across generations and social classes globally agree that: “The main divide in our society is between ordinary citizens and the political and economic elite.”

Source: Ipsos

Coined by Jacob Hacker, predistribution involves reforming economic systems through which wealth is created to more adequately value workers, communities, consumers, and nature, thereby resulting in a fairer distribution of risk and return across all stakeholders in society.

Living at the crossroads: Affordability, Climate, and Real Estate

Mobilizing private capital is a central pillar of many governments’ affordable housing plans. But which investment approaches support affordability and climate goals - and which risk making them worse? PDI is pleased to be a co-founding member of the Taskforce on Affordable and Sustainable Housing (TASH). In this publication, we provide a preliminary assessment of the impacts that housing financialization is having on people and the planet in Europe.
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Larry Fink Is Asking the Right Question — But Investment Requires Income First

In his 2026 annual letter, the head of the world's most powerful asset manager is telling shareholders — plainly — that capitalism is working, just not for enough people. Fink's solution centers on expanding access to capital markets — more people investing in stocks, more retail participation, tokenized assets in digital wallets, investment accounts seeded at birth. These are useful mechanisms, and broader market participation is better than the status quo. But there's a foundational problem with asking workers to invest more in the stock market when the stock market is partly built on not paying them enough in the first place.
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Boards of Requisite Variety: The Cybernetic Case for Broadening Governance Participation

It’s not easy to neatly summarise what corporate governance is ‘for’ but if you asked many people who work in and around the field the word ‘accountability’ would feature prominently. In particular, when talking about the Anglo-American model, this typically means accountability to shareholders.
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