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[chris macrae]

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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

[chris macrae]

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

[chris macrae]

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[chris macrae]

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-