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Even for Companies, the U.S. Is Split Between Haves and Have-Nots

Harvard Business Review

Companies in the top one-fifth of profitability earn, in aggregate, about 70 times more economic profit (accounting profit less cost of capital) than those in the middle three-fifths combined, according to McKinsey’s database of 3,000 large, publicly listed, nonfinancial U.S. GDP growth could hit nearly 5% in 2016.

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How Blockchain Is Changing Finance

Harvard Business Review

But the solution to this innovation logjam has emerged: blockchain. In 2016 blockchain companies raised $400 million from traditional venture investors and nearly $200 million through what we call initial coin offerings (ICO rather than IPO). Third, it’s exclusionary, denying billions of people access to basic financial tools.