In this episode of "All Things Conflict," Maria welcomes Gio Notarbartolo, who shares her transformative journey navigating conflict within her family's multi-generational business. Gio discusses her initial reluctance to embrace her inherited wealth and how discovering impact investing in 2015 shifted her perspective, allowing her to take ownership of her family's legacy. The conversation delves into the complexities of creating a family constitution, the challenges of breaking traditional molds in a male-dominated financial world, and the importance of social justice in wealth management. Gio emphasizes the need for a fair tax system and critiques the limitations of philanthropy, advocating for a more equitable approach to wealth distribution that benefits society as a whole. This thought-provoking dialogue highlights the intersections of personal identity, family dynamics, and broader societal conflicts.
KEY TAKEAWAYS
Navigating Family Wealth: The journey of managing inherited wealth can be complex, especially when it comes to reconciling personal identity with family legacy. The transition from feeling uneasy about inherited wealth to taking ownership through impact investing illustrates this struggle.
Impact Investing: Discovering impact investing shifted the perspective on wealth from merely generating profit to creating social value. This approach emphasizes the importance of aligning financial decisions with ethical considerations and social justice.
Family Constitution: Establishing a family constitution is a crucial step for families with wealth to define their values, governance, and mission. This process requires open dialogue and alignment among family members, which can take time and effort to achieve.
Breaking Molds: Challenging traditional norms in finance and wealth management is essential for fostering a more equitable system. This includes questioning the status quo of wealth accumulation and advocating for a fairer tax system that benefits society as a whole.
Social Justice and Taxation: The conversation highlights the need for a fair tax system that addresses wealth inequality. Philanthropy, while well-intentioned, often perpetuates existing disparities rather than solving systemic issues, emphasizing the importance of redistributive policies for societal well-being.
BEST MOMENTS
"I didn't want to inherit from my grandfather. I had a pretty broken relationship with him, and inheriting from him was not what I wanted." - Gio Noto Bartolo
"We need to invest to create value, not to create profit for the few, but value for the many." - Gio Noto Bartolo
"There is no need for philanthropy if the system was fair enough and redistributive enough." - Gio Noto Bartolo
"The wealthier you are, the less taxes you pay. Just that is basically unfair." - Gio Noto Bartolo
"If you leave people poor, unhealthy, uneducated and without, society will become more dangerous." - Gio Noto Bartolo
SOCIAL LINKS
www.centreforpeacefulsolutions.org
www.peacefulsolutions.org.uk
www.workplacehuddle.com
HOST BIO
Maria founded the Centre for Peaceful Solutions in response to the fatal shooting of a 7 year old in her neighbourhood. She developed a model of conflict resolution for violent crime using her brainchild, the Dialogue Road Map (DRM).
Over 30 years she has mediated everything from threat to life gang disputes to high stakes business deals gone wrong, Maria empowers people to resolve conflict without reliance on experts. So she trains violent prisoners to be facilitators, leaders to be effective communicators, teenagers to be peer mediators and neighbours to be tenant listeners within their respective communities.
This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/