January 21, 2025, Toronto (ON): Social Capital Partners CEO Matthew Mendelsohn today announced the appointment of a new Advisory Board that will support the organization in its next phase of work confronting growing wealth inequality in Canada. The nonprofit’s mission is to create more pathways to wealth and asset ownership for working people.
“The economic assumptions that have informed our understandings of how capitalist, democratic economies work are collapsing in front of our eyes,” says Mendelsohn. “That vacuum needs to be filled with realistic and viable options to make the economy work better for more people.”
The data are clear that working people and young people are facing higher barriers to economic security than in previous decades. Those challenges are creating well-founded anxieties that are causing the destabilization of democratic societies around the world.
“At Social Capital Partners, we are comfortable trying new things, even when we’re unsure of the outcomes,” says Mendelsohn. “We have assembled a creative, intellectually diverse group of brilliant, kind Canadians who all want our economy to work better. They will challenge our assumptions and help us make the right strategic choices about where we put our resources in the coming years.”
Advisory Board members will advise on SCP’s strategy and agenda, drawing on decades of experience across finance, business, government, public policy, communications, civil society and community economic development. They include:
“We have assembled a creative, intellectually diverse group of brilliant, kind Canadians who all want our economy to work better.”
Upkar Arora, CEO of Rally Assets.
Victor Beausoleil, Executive Director of SETSI – The Social Economy Through Social Inclusion.
Vass Bednar, Executive Director of McMaster University’s Master of Public Policy in Digital Society program.
Tiffany Callender, Co-Founder and CEO, Federation of African Canadian Economics (FACE).
Jeff Cyr, Founder & Managing Partner of Raven Indigenous Raven Indigenous Capital Partners.
Brian Dijkema, President, Canada at Cardus.
Tariq Fancy, Founder of The Rumie Initiative.
Rob Germain, CEO at CHEK Media.
Alex Himelfarb, Former Clerk of the Privy Council.
Charmian Love, Chief International Advocacy Officer at Natura &Co.
Marguerite Mendell, Distinguished Professor Emerita at the School of Community and Public Affairs and Director of the Karl Polyani Institute of Political Economy and Concordia University.
Erin Millar, CEO and Co-founder of Indiegraf.
Jennifer Robson, Associate Professor of Political Management at Carleton University.
Edward Waitzer, past Chair of Stikeman Elliott LLP.
To learn more about the Advisory Board and see complete biographies, please visit www.socialcapitalpartners.ca/our-people/.
About Social Capital Partners
Who owns the economy matters. Social Capital Partners believes working people deserve a fighting chance to build economic security and wealth. A Canadian nonprofit organization founded in 2001, we undertake public policy research, invest in initiatives and advocate for ideas that broaden access to wealth, ownership and opportunity, and that push back against extreme economic inequality. To learn more, please connect with us on LinkedIn or Bluesky or visit socialcapitalpartners.ca.
For more information, or to arrange an interview, please contact:
Katherine Janson
Director of Communications
Social Capital Partners
647-717-8674
katherine@socialcapitalpartners.ca
Share with a friend
Related reading
How Canada’s tax system puts the wealthy above workers
Rather than using the tax system to prevent wealth concentration, our current tax system promotes it. Those who earn income from their investments have more income left over after taxes, allowing them to accumulate wealth more quickly than others. SCP Fellow Silas Xuereb explains how, south of the border, we are witnessing the consequences of runaway wealth inequality – billionaires use their media conglomerates to get political favours, exploit the instruments of the state to enrich themselves and, increasingly, secure political office. All of these trends are leading to the erosion of democracy and public policy that advances the interests of the wealthy at the expense of everyone else. If Canada does not rebalance our tax system to prioritize work over wealth, we may soon find ourselves on the same path.
Trump pumps private equity with 401k changes | Breaking Points podcast
Breaking Points podcast correspondent James Li sits down with corporate lawyer, economic analyst and SCP Fellow Rachel Wasserman to discuss Trump's executive order opening up 401k plans to private equity. Trends show that with rising interest rates and frozen exit markets, the private equity investment model could be under serious stress. So, what are the implications of making this type of investment available to retail investors and their retirement plans? Rachel walks James through how private equity works, what's so dangerous about the buyout-PE model and who might get left holding the bag.
The problem with GDP per capita | West of Centre on CBC
New research by economist and SCP Fellow Gillian Petit estimates what Canada’s GDP per capita would have been over the past decade if Canada had kept our temporary resident numbers stable. On CBC political podcast West of Centre, host Rob Brown asks Petit to dissect the metric politicians love to wield. GDP measures total output, while GDP per capita divides that sum by the population. She explains that the simple math offers an easy snapshot, but can mislead when used alone. For a true read on prosperity, Petit argues Canada needs a broader economic dashboard that weighs productivity, fairness and long term well being.