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Oct 5, 2021

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.


This week, Justin Smulison is joined by author and management consultant, Marco Dondi! Since his humble beginnings on the outskirts of Milan, Marco has established his career and expertise as a strategy consultant with over a decade of experience in advising CEOs and government officials on economics, economic development, banking, education, adult training, and people development. Most recently, he wrote his book, Outgrowing Capitalism: Rethinking Money to Reshape Society and Pursue Purpose, which sheds light on the fact that most people do not have the economic security to focus on purpose and life fulfillment.


In this episode, Marco speaks about outgrowing capitalism from the lens of risk. He speaks about the ongoing risk that COVID-19 is causing the global economy, what the role of central banks should be in the next major crisis, and why debt and inflation are major economic and political risks that risk professionals need to be paying attention to.


Key Takeaways:

[:01] About RIMS’ Global Membership.

[:25] About today’s episode with Marco Dondi.

[:32] How to register for this year’s RIMS ERM Conference.

[:49] Other upcoming RIMS current virtual offerings.

[2:12] More about today’s episode.

[2:24] Justin welcomes Marco Dondi to RIMScast!

[2:40] Marco shares his career history.

[3:22] What is the risk of the U.S. defaulting from an economic perspective (similarly to 2008)? Would the fallout be different now than in 2008?

[5:59] Marco’s insights on the ongoing risk of COVID-19 to the global economy and what the role of central banks should be in the next major crisis that will shake up the economic markets.

[8:15] How frequently does Marco watch the actual global economic models? How does he feel that they could become further strained?

[9:42] All about the RIMS Mobile App and the RIMS Buyers Guide!

[10:50] What is hyperinflation? And how is it different from regular inflation?

[13:25] Is hyperinflation an economic risk or a political risk? Or both?

[14:59] Having traveled to more than 60 countries, Marco shares what he has learned about the magnitudes of some of the global risks from an economic perspective.

[20:50] Justin thanks Marco Dondi for joining RIMScast and shares some of the links to look out for in this episode’s show notes!


Mentioned in this Episode:

Outgrowing Capitalism: Rethinking Money to Reshape Society and Pursue Purpose, by Marco Dondi

RIMS Events, Education, and Services:

RIMS ERM Conference 2021 will be held Nov. 11th & 12th in NYC

RIMS Path To The Boardroom — Visit for past webinar presentations and interviews!


RIMS Buyers Guide

Upcoming Webinars:

October 7, 2021 | “Surety Bonds: Understanding the Benefits” | Sponsored by Travelers

October 13, 2021 | “Board Dynamics: Confidence, Communication and Clarity” | Presented by RIMS Path To The Boardroom

October 21, 2021 | “Community-Sourced Risk Research & Best Practices” | Sponsored by Vector LiveSafe

October 26, 2021 | “Cyber Risk and the C-Suite” |  Presented by RIMS Path To The Boardroom

October 28, 2021 | “Risking it All? Taking the Leap into Enterprise Risk Management (ERM) from RMIS” | Sponsored by Origami Risk

Sponsored RIMScast Episodes:

“What Could a CRO Do for Your Business?” | Sponsored by Riskonnect

“Hard Reality: A Look at Rising Rates in Property & Excess Casualty” | Sponsored by AXA XL

“Property Valuation Deep Dive” | Sponsored by TÜV SÜD

“Property Loss Control Engineering” | Sponsored by Prudent Insurance Brokers

Virtual Workshops:

RIMS-CRMP Exam Prep Virtual Workshops (October 2021) — Gain an edge with the RIMS-CRMP; the only internationally accredited risk management certification!

RIMS Virtual Workshops: Claims Management — Register now for Nov. 8‒9th

Spencer’s Risk Manager on Campus Program — Volunteer Today!

Related RIMScast Episodes:

“The Tragedy of the Commons with Les Williams”

“Speaking with Leaders in Risk Management at the RIMS Risk Forum India 2018 (Part 2)”

RIMS Publications, Content, and Links:

RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!

RIMS Virtual Workshops

Upcoming RIMS Webinars

On-Demand Webinars

RIMS Advisory Services — Ask a Peer

Risk Management Magazine

Risk Management Monitor

RIMS Coronavirus Information Center

RIMS Risk Leaders Series — New interview with RIMS 2021 Risk Manager of the Year, Michael Harrington!

RIMS-Certified Risk Management Professional (RIMS-CRMP)

RIMS-CRMP Stories — New interview featuring Steve Pottle!

Spencer Educational Foundation

RIMS Advocacy


Want to Learn More?

Keep up with the podcast on and listen on iTunes.

Have a question or suggestion? Email:


Join the Conversation!

Follow @RIMSorg on Facebook and Twitter, and LinkedIn.


Follow up with Our Guest:

Marco Dondi’s LinkedIn

Marco Dondi’s Website

Outgrowing Capitalism: Rethinking Money to Reshape Society and Pursue Purpose, by Marco Dondi


Tweetables (For Social Media Use):


“The major risk of [COVID-19]” — Marco Dondi


“The role of central banks needs to become much more direct. Or, at least, it can become if we want it.” — Marco Dondi


“Risk is one thing. Managing significant uncertainty is very different. It’s unpredictable.” — Marco Dondi