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Index Yunus ;, Capitalism ...

 

section Muhammad Yunus Nobel Peace Laurate speech, Norway 2006

Transcript extract: Nobel Dr Yunus 2006

Many young people dream about creating a perfect world of their own. Almost all social and economic problems of the world will be addressed through social business. The challenge is to innovate business models and apply them to produce desired results cost-effectively and efficiently

Such as health care for the poor can be a social business, financials services for the poor, information technology for the poor, education and training for the poor, marketing for the poor, renewable energy -these are all exciting ideas for social businesses. Social business is important because it addresses very vital concerns of mankind it can change the lives of the bottom 66% of the world population and help them get out of poverty.

 

more:

We Create What We Want.
We wanted to go to the moon, so we went there.
We achieve what we want to achieve.
We accept that poverty is part of human destiny. It’s not!
We believe we can create a poverty-free world.
We need to invent ways to change our perspective.
We can reconfigure our world if we can reconfigure our mindset. .
Social business will be a new kind of business, making a difference in the world.
Human beings are a wonderful creation embodied with limitless human qualities and capabilities.
Entrepreneurs are not one-dimensional human beings, dedicated to maximizing profit.
They are multi-dimensional: political, emotional, social, spiritual, environmental.
The desire to do great things for the world can be a powerful driving force
Young people dream about creating a perfect world of their own.
Social business will give them a challenge to make a difference by using their creative talent.
Let us join hands to unleash our energy and creativity.
Collectively, we can create a poverty-free world.” 

 

..

 

Future Capitalism Transcripts

Yunus 2006 

By defining "entrepreneur" in a broader way we can change the character of capitalism radically, and solve many of the unresolved social and economic problems within the scope of the free market. Let us suppose an entrepreneur, instead of having a single source of motivation (such as, maximizing profit), now has two sources of motivation, which are mutually exclusive, but equally compelling − a) maximization of profit and b) doing good to people and the world.

 

Each type of motivation will lead to a separate kind of business. Let us call the first type of business a profit-maximizing business, and the second type of business as social business.

 

Social business will be a new kind of business introduced in the market place with the objective of making a difference in the world. Investors in the social business could get back their investment, but will not take any dividend from the company. Profit would be ploughed back into the company to expand its outreach and improve the quality of its product or service. A social business will be a non-loss, non-dividend company.

 

Once social business is recognized in law, many existing companies will come forward to create social businesses in addition to their foundation activities. Many activists from the non-profit sector will also find this an attractive option. Unlike the non-profit sector where one needs to collect donations to keep activities going, a social business will be self-sustaining and create surplus for expansion since it is a non-loss enterprise. Social business will go into a new type of capital market of its own, to raise capital.

 

Young people all around the world, particularly in rich countries, will find the concept of social business very appealing since it will give them a challenge to make a difference by using their creative talent.

 

Mackey 2013

 

The Economist's Norman Macrae 1976

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Future Capitalism Transcripts

The Economist's pro-youth economist Norman Macrae 1976, The Econoist 25 Dec 1976

I named this survey of Future Capitalism "Entrepreneurial Revolution (ER)" to remind economists and youth and those responsible for what they learn to do -  that the French word Entrepreneur comes from how to socially design liberte egalite fraternite after cutting off the heads of the 1% French Kings , courtiers and their administrators who were monopolising all the productivity assets leaving the people in the dirt.

Each generation or two, at every cultural node of our planet, has its own challenge to remove those who are preventing people from making the most of how their productive lifetimes interact. Now that the third quarter of this century is past:  we can see that heads of over-extractive corporations and politicians whom they lobby will need to be peacefully removed by the peoples if the net generation is to be worldwide youth's most productive and collaborative time. 

Fortunately, unlike the scarcity models of consuming up things, truly actionable knowledge multiplies abundant value in use. I wonder how many economists will take up ER's pressing trans-generational challenge of networking with a million times more collaboration tech than when man raced to the moon in the 1960s -if a hi-trust stimulus is needed, they should reread the last 3 pages of Keynes General Theory where he explains how futures are designed increasingly only by economists and mediators who risk becoming the greatest enemy to the future of all our children. The failed macroeconomist compounds risk onto future peoples he neither sees nor is rewarded to care about. BY 2000, the compounding of the internet as humanity's greatest communications revolution will be spinning the greatest risk to mankind . This will be the  discrepancy of incomes and expectations of rich and poor nations. Courage (hope. love and trust) will be needed to see this ahead of time - and to resolve this out of every global village

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Yunus 2006 more:

By defining "entrepreneur" in a broader way we can change the character of capitalism radically, and solve many of the unresolved social and economic problems within the scope of the free market. Let us suppose an entrepreneur, instead of having a single source of motivation (such as, maximizing profit), now has two sources of motivation, which are mutually exclusive, but equally compelling − a) maximization of profit and b) doing good to people and the world.

 

Each type of motivation will lead to a separate kind of business. Let us call the first type of business a profit-maximizing business, and the second type of business as social business.

 

Social business will be a new kind of business introduced in the market place with the objective of making a difference in the world. Investors in the social business could get back their investment, but will not take any dividend from the company. Profit would be ploughed back into the company to expand its outreach and improve the quality of its product or service. A social business will be a non-loss, non-dividend company.

 

Once social business is recognized in law, many existing companies will come forward to create social businesses in addition to their foundation activities. Many activists from the non-profit sector will also find this an attractive option. Unlike the non-profit sector where one needs to collect donations to keep activities going, a social business will be self-sustaining and create surplus for expansion since it is a non-loss enterprise. Social business will go into a new type of capital market of its own, to raise capital.

 

Young people all around the world, particularly in rich countries, will find the concept of social business very appealing since it will give them a challenge to make a difference by using their creative talent. Systems can be designed to multiply goodwill, or godless evil. They accelerate exponentially. What my family can report from two world wars is that peace depends on peoples valuing hi-trust leaders , and peace of the first worldwide connected generation will depend on ending man's greatest risk which will be seen in 2000s as the discrepancy in incomes and expecations of rich and poor nations

 

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Mackey 2013, Conscious Capitalism Conference 2013  more mackeycapitalismtranscript2000citizenmeetsanfran2013short.doc

So we started this business not knowing what we were doing businesswise  - my resume read something like : dishwasher, busboy, boyscamp counsellor, CEO of While Foods Market. We managed to lose half the money in the first year but that was OK because all my philosophy about philosophy about business got turned upside down.  Oh my goodness all my ideas were wrong: business isnt selfish, greedy, exploitative - its basically hard, very hard to start up a business . So I  started to read hundreds of business books -i devoured them then I read about history of capitalism and that was amazing.

NOW I enjoyed a whole new world view of what business is about and I began to understand business is the greatest value creator in the world. Business has raised  humanity out of the dirt. 200 years ago -85% of people lived on less than a dollar a day. there was a great equality of income - every one was equally poor except for the aristocracy that owned all the land. Today about 15% live on a dollar a day which is still 15% too much but if you look at the trajectory we can end poverty in next 50 years if we continue to embrace economic freedom. Consider the fact that 200 years ago over 90% of people were illiterate, today about 14% are. 200 years ago the average lifespan was the same as it had been the last 40000 years about 30. Today its 68 across the world as high as 82 in Japan. There were no democracies 200 years ago, women didnt have the right to vote, slavery existed.

Humanity has made tremendous progress primarily due to business and capitalism. And business doesnt get credit for it - the narrative about business is its exploiattive and people are only in it for the money, the bottom line. And that isnt my experience of entrepreneurs I have known - very few started their business primarily to make money. They were on fire with some kind of passion to realise in the world. So the narrative explained about business is inadequate., we know that Gallup shows that the approval ratings for corporations and big business in America is only 19% Think about that here is the greatest value creator in the world, it creates values for customers, employees, suppliers, investors, communities -has helped lift humanity out of the dirt. It only has 19% approval rating - congress is at 17% that shows how far business has fallen

For most of history of america we had the most economic freedom =- 200 years ago we were very poor but because we embraced economic freedom and we had a culture of entrepreneurship in business we made great progress in 19th century until usa became the richest and most successful nation in the history of the world. As recently as 13 years ago usa ranked number 3 in world in economic freedom behind singapore and hong kong; today we have fallen down to number 18 and as our economic freedom has declined so has our prosperity, unemployment has risen - we are moving away from economic freedom because corporations are seen as a bunch of sociopaths - dumping waste, exploiting their workers, defrauding their customers. This narrative has got to be reversed by thinking about business differently both internally as business people,  and externally the narrative we tell the world. That's what we are going to talk about as Conscious Capitalism , This can be the solution - the higher purpose  beyond just making money

Business can be the greatest value creator in the world - its so odd to me that people think the purpose of a business is to make money instead of value creation. The Curriculum of Business has the potential to create value ethically for all its stakeholders. Find your higher purpose as an individual,  then find our purposes for the business we create, and we need to tell this story to the larger society  that we are part of if- and if we do that we can turn this baby around - the entrepreneurial creativity of americans is astounding -we are so creative, we have so much potential and business can be the vehicle

.

Attachments:

extract from 30 minute google hangout between khan academy and secr..., Aug 2013 during week Obama announced plan to rank value universities

 

2.00 Duncal everywhere I go you have hard working parents coning up -its heartbreaking college costs are crushing folks - pool american public lot of people thinking college is isnt for them; its for the rich, its for people not like them - so at a time when going to college has never been more important unfortunately its never been more expensive ...

2.50 this is one when must breakthrough, its not political how do we better rank which universities give value, affordability, quality

 

4.00 khan - can you confirm ratings will be on: value they create, economic opportunity they create afterwards - so universities that are expensive and students get good jobs will be bottom of list?

 

..Duncan 5.07 each year we invest about 150 billion dollars in loans -al bases on inputs, entrants to college not on outcomes - we want to rankings to help us change that

 

6.30 great teacher are empowered by great tech ... help teachers know what students are learning help student and parents know!

 

7,52 khan yes ehat we have seen its not technology versus physical its the exact opposite

 

Duncan 8,0 yes yes let me add one example from earlier this week

broadband -boards mooresville nothrth carolina is stopping buying text books - i wonder why we spend 9 billion on text books that are oiut of date as soon as you buy them buying textbooks

 

http://www.washingtonpost.com/blogs/post-politics/wp/2013/06/06/oba...

To roll out the initiative, Obama will travel to Mooresville, N.C., and visit Mooresville Middle School to highlight the ways advanced classroom technology is helping students learn. In 2007, the school began what a second senior administration official called a “digital conversion that’s been the foundation of transformative change.”

Obama’s visit is the third stop on his “Middle Class Jobs & Opportunity Tour,” in which he visits cities across the country to showcase economic success stories. Last month, Obama visited Austin, where he announced two executive actions designed to help boost the manufacturing economy, and Baltimore, where he toured an elementary school and a dredge equipment manufacturing facility... 

The program, called ConnectED, is part of Obama’s larger plan to expand high-speed Internet connections for 99 percent of students across the country, including to the most remote and sparsely populated regions . The aides said Obama will call on the Federal Communications Commission to use its existing E-Rate program to meet that goal and will tell other parts of the federal government to redirect resources toward classroom technology and teacher training.

 

Duncan 10.00 what's hurt children in our communities (and our country tremendously) is we have had 50 different states with 50 different standards that got dummied down , got reduced to make politicians look good, we were actually lying to children that they were going top be successful when they weren't even close, to me that insidious, heartbreaking worst thing that could happen to a child and family that think they are on track to college and career ready then they get to senior year to find they are not in the ballgame even though they have played by the rules .. we think raisng the standard of the common core is really important so that children in every state have opportunity to be enjoy the same standards

 

Khan 20.20 what do you think that structure are still using something from 18th century Prussia where put kids together move them at a set pace -what if instead  we used a competence model where students may take a long time to learn siomthing but get to a very high level?

-Duncan we have to shift and technology must help in ways you at khanacademy illustrate,

help show us that what we are doing is Neanderthal-

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ENTREPRENEURIAL REVOLUTION NETWORK BENCHMARKS 2025now : Remembering Norman Macrae

unaiwho.docx version 6/6/22 hunt for 100 helping guterres most with UN2.0

EconomistDiary.com Friends20.com & EntrepreneurialRevolution.city select 2022's greatest moments for citizens/youth of NY & HK & Utellus

Prep for UN Sept 22 summit education no longer fit for human beings/sustainability

JOIN SEARCH FOR UNDER 30s MOST MASSIVE COLLABS FOR HUMAN SUSTAINABILITY - 3/21/22 HAPPY 50th Birthday TO WORLD'S MOST SUSTAINABLE ECONOMY- ASIAN WOMEN SUPERVILLAGE

Since gaining my MA statistics Cambridge DAMTP 1973 (Corpus Christi College) my special sibject has been community building networks- these are the 6 most exciting collaboration opportunities my life has been privileged to map - the first two evolved as grassroots person to person networks before 1996 in tropical Asian places where village women had no access to electricity grids nor phones- then came mobile and solar entrepreneurial revolutions!! 

COLLAB platforms of livesmatter communities to mediate public and private -poorest village mothers empowering end of poverty    5.1 5.2 5.3 5.4 5.5  5.6


4 livelihood edu for all 

4.1  4.2  4.3  4.4  4.5 4.6


3 last mile health services  3.1 3,2  3.3  3.4   3.5   3.6


last mile nutrition  2.1   2.2   2.3   2.4  2.5  2,6


banking for all workers  1.1  1.2  1.3   1.4   1.5   1.6


NEWS FROM LIBRARY NORMAN MACRAE -latest publication 2021 translation into japanese biography of von neumann:

Below: neat German catalogue (about half of dad's signed works) but expensive  -interesting to see how Germans selected the parts  they like over time: eg omitted 1962 Consider Japan The Economist 

feel free to ask if free versions are available 

The coming entrepreneurial revolution : a survey Macrae, Norman - In: The economist 261 (1976), pp. 41-65 cited 105 

Macrae, Norman - In: IPA review / Institute of PublicAffairs 25 (1971) 3, pp. 67-72  
 Macrae, Norman - The Economist 257 (1975), pp. 1-44 
6 The future of international business Macrae, Norman - In: Transnational corporations and world order : readings …, (pp. 373-385). 1979 >
Future U.S. growth and leadership assessed from abroad Macrae, Norman - In: Prospects for growth : changing expectations for the future, (pp. 127-140). 1977 Check Google Scholar | 
9Entrepreneurial Revolution - next capitalism: in hi-tech left=right=center; The Economist 1976
Macrae, Norman -In: European community (1978), pp. 3-6
  Macrae, Norman - In: Kapitalismus heute, (pp. 191-204). 1974
23a 

. we scots are less than 4/1000 of the worlds and 3/4 are Diaspora - immigrants in others countries. Since 2008 I have been celebrating Bangladesh Women Empowerment solutions wth NY graduates. Now I want to host love each others events in new york starting this week with hong kong-contact me if we can celebrate anoither countries winm-wins with new yorkers

mapping OTHER ECONOMIES:

50 SMALLEST ISLAND NATIONS

TWO Macroeconomies FROM SIXTH OF PEOPLE WHO ARE WHITE & war-prone

ADemocratic

Russian

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From 60%+ people =Asian Supercity (60TH YEAR OF ECONOMIST REPORTING - SEE CONSIDER JAPAN1962)

Far South - eg African, Latin Am, Australasia

Earth's other economies : Arctic, Antarctic, Dessert, Rainforest

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In addition to how the 5 primary sdgs1-5 are gravitated we see 6 transformation factors as most critical to sustainability of 2020-2025-2030

Xfactors to 2030 Xclimate XAI Xinfra Xyouth Wwomen Xpoor chris.macrae@yahoo.co.uk (scot currently  in washington DC)- in 1984 i co-authored 2025 report with dad norman.

Asia Rising Surveys

Entrepreneurial Revolution -would endgame of one 40-year generations of applying Industrial Revolution 3,4 lead to sustainability of extinction

1972's Next 40 Years ;1976's Coming Entrepreneurial Revolution; 12 week leaders debate 1982's We're All Intrapreneurial Now

The Economist had been founded   in 1843" marking one of 6 exponential timeframes "Future Histores"

IN ASSOCIATION WITH ADAMSMITH.app :

we offer worldwide mapping view points from

1 2 now to 2025-30

and these viewpoints:

40 years ago -early 1980s when we first framed 2025 report;

from 1960s when 100 times more tech per decade was due to compound industrial revolutions 3,4 

1945 birth of UN

1843 when the economist was founded

1760s - adam smithian 2 views : last of pre-engineering era; first 16 years of engineering ra including america's declaration of independence- in essence this meant that to 1914 continental scaling of engineeriing would be separate new world <.old world

conomistwomen.com

IF we 8 billion earthlings of the 2020s are to celebrate collaboration escapes from extinction, the knowhow of the billion asian poorest women networks will be invaluable -

in mathematically connected ways so will the stories of diaspora scots and the greatest mathematicians ever home schooled -central european jewish teens who emigrated eg Neumann , Einstein ... to USA 2nd quarter of the 20th century; it is on such diversity that entrepreneurial revolution diaries have been shaped 

EconomistPOOR.com : Dad was born in the USSR in 1923 - his dad served in British Embassies. Dad's curiosity enjoyed the opposite of a standard examined education. From 11+ Norman observed results of domination of humans by mad white men - Stalin from being in British Embassy in Moscow to 1936; Hitler in Embassy of last Adriatic port used by Jews to escape Hitler. Then dad spent his last days as a teen in allied bomber command navigating airplanes stationed at modernday Myanmar. Surviving thanks to the Americas dad was in Keynes last class where he was taught that only a handful of system designers control what futures are possible. EconomistScotland.com AbedMooc.com

To help mediate such, question every world eventwith optimistic rationalism, my father's 2000 articles at The Economist interpret all sorts of future spins. After his 15th year he was permitted one signed survey a year. In the mid 1950s he had met John Von Neumann whom he become biographer to , and was the only journalist at Messina's's birth of EU. == If you only have time for one download this one page tour of COLLABorations composed by Fazle Abed and networked by billion poorest village women offers clues to sustainability from the ground up like no white ruler has ever felt or morally audited. by London Scot James Wilson. Could Queen Victoria change empire fro slavemaking to commonwealth? Some say Victoria liked the challenge James set her, others that she gave him a poison pill assignment. Thus James arrived in Calcutta 1860 with the Queens permission to charter a bank by and for Indian people. Within 9 months he died of diarrhea. 75 years later Calcutta was where the Young Fazle Abed grew up - his family accounted for some of the biggest traders. Only to be partitioned back at age 11 to his family's home region in the far north east of what had been British Raj India but was now to be ruled by Pakistan for 25 years. Age 18 Abed made the trek to Glasgow University to study naval engineering.

new york

1943 marked centenary autobio of The Economist and my teenage dad Norman prepping to be navigator allied bomber command Burma Campaign -thanks to US dad survived, finished in last class of Keynes. before starting 5 decades at The Economist; after 15 years he was allowed to sign one survey a year starting in 1962 with the scoop that Japan (Korea S, Taiwan soon hk singapore) had found development mp0de;s for all Asian to rise. Rural Keynes could end village poverty & starvation; supercity win-win trades could celebrate Neumanns gift of 100 times more tech per decade (see macrae bio of von neumann)

Since 1960 the legacy of von neumann means ever decade multiplies 100 times more micro-technology- an unprecedented time for better or worse of all earthdwellers; 2025 timelined and mapped innovation exponentials - education, health, go green etc - (opportunities threats) to celebrating sustainability generation by 2025; dad parted from earth 2010; since then 2 journals by adam smith scholars out of Glasgow where engines began in 1760- Social Business; New Economics have invited academic worlds and young graduates to question where the human race is going - after 30 business trips to wealthier parts of Asia, through 2010s I have mainly sherpa's young journalist to Bangladesh - we are filing 50 years of cases on women empowerment at these web sites AbedMOOC.com FazleAbed.com EconomistPoor.com EconomistUN.com WorldRecordjobs.com Economistwomen.com Economistyouth.com EconomistDiary.com UNsummitfuture.com - in my view how a billion asian women linked together to end extreme poverty across continental asia is the greatest and happiest miracle anyone can take notes on - please note the rest of this column does not reflect my current maps of how or where the younger half of the world need to linkin to be the first sdg generation......its more like an old scrap book

 how do humans design futures?-in the 2020s decade of the sdgs – this question has never had more urgency. to be or not to be/ – ref to lessons of deming or keynes, or glasgow university alumni smith and 200 years of hi-trust economics mapmaking later fazle abed - we now know how-a man made system is defined by one goal uniting generations- a system multiplies connected peoples work and demands either accelerating progress to its goal or collapsing - sir fazle abed died dec 2020 - so who are his most active scholars climate adaptability where cop26 november will be a great chance to renuite with 260 years of adam smith and james watts purposes t end poverty-specifically we interpret sdg 1 as meaning next girl or boy born has fair chance at free happy an productive life as we seek to make any community a child is born into a thriving space to grow up between discover of new worlds in 1500 and 1945 systems got worse and worse on the goal eg processes like slavery emerged- and ultimately the world was designed around a handful of big empires and often only the most powerful men in those empires. 4 amazing human-tech systems were invented to start massive use by 1960 borlaug agriculture and related solutions every poorest village (2/3people still had no access to electricity) could action learn person to person- deming engineering whose goal was zero defects by helping workers humanize machines- this could even allowed thousands of small suppliers to be best at one part in machines assembled from all those parts) – although americans invented these solution asia most needed them and joyfully became world class at them- up to 2 billion people were helped to end poverty through sharing this knowhow- unlike consuming up things actionable knowhow multiplies value in use when it links through every community that needs it the other two technologies space and media and satellite telecoms, and digital analytic power looked promising- by 1965 alumni of moore promised to multiply 100 fold efficiency of these core tech each decade to 2030- that would be a trillion tmes moore than was needed to land on the moon in 1960s. you might think this tech could improve race to end poverty- and initially it did but by 1990 it was designed around the long term goal of making 10 men richer than 40% poorest- these men also got involved in complex vested interests so that the vast majority of politicians in brussels and dc backed the big get bigger - often they used fake media to hide what they were doing to climate and other stuff that a world trebling in population size d\ - we the 3 generations children parents grandparents have until 2030 to design new system orbits gravitated around goal 1 and navigating the un's other 17 goals do you want to help/ 8 cities we spend most time helping students exchange sustainability solutions 2018-2019 BR0 Beijing Hangzhou: 

Girls world maps begin at B01 good news reporting with fazleabed.com  valuetrue.com and womenuni.com

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online library of norman macrae--

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MA1 AliBaba TaoBao

Ma 2 Ali Financial

Ma10.1 DT and ODPS

health catalogue; energy catalogue

Keynes: 2025now - jobs Creating Gen

.

how poorest women in world build

A01 BRAC health system,

A02 BRAC education system,

A03 BRAC banking system

K01 Twin Health System - Haiti& Boston

Past events EconomistDiary.com

include 15th annual spring collaboration cafe new york - 2022 was withsister city hong kong designers of metaverse for beeings.app

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