Lately, I’ve been playing with an idea I call ‘compassionate capitalism’. This is the idea that we can use capitalism — an economic system where private parties own the means of production and operate them to make a profit for themselves — to solve big social problems like poverty. One example of this is Lumni, a for-profit business that provides money to low-income students so that they can pay for their educations. Lumni does not provide loans. Instead, it uses income sharing agreements. Lumni provides the money for an education, and the student agrees to give a certain percentage…

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