bittubers.com/playlist/1006/10 By unlike Ms. On the numbering the war on normal people by injury and said randy bright the 49 year old handyman on the other ends of the exchange rejoins it is clear that handy people were in high demand and says I am divorced and I thought rates all meet single women that hasn't played panned out yet when I've expanded my circle of friends and used some of my time trade hours for home cooked meals is aided me financially two undeveloped a referral network that has helped get my own energy of fish and sea business on the grounds my private business keeps me busy but I still do time trades and I often during the hours I earn the trades give me something intangible that just makes me feel good and especially like showing my daughter Nora was 14 and often comes along to help out that not every exchange is about money acre, and the founder of time banking was the former speechwriter for Robert if Kennedy was looking for new ways to fight poverty and a time when money for social programs had dried up for the roots Americans face at least three interlocking set some problems growing inequality in access by those at the bottom to the most basic goods and services increasing social problems stemming from the need to rebuild family neighborhood and a community and a growing disillusioned with public programs designed to address these problems he proposed that time baking could rebuild the infrastructure of trust and caring that can strengthen families and communities is despite the success of Time Banks in communities like Brattleboro yet not cost pool that widely around the United States in part because they require a certain level of administration and resources two operates now badge and a supercharged version of time banking backed by the U.S. gov't rare in addition to providing social value Israel monetary value underlying its the new currency digital social credits Dea seas or social credits would reward people for doing things that serve the community the governments would cede each market with an initial investments but administrators would be local Dea seas will be targeted for regions in communities that the restricted need for increased cohesion you would earn a number of social crudes the time you do something for a neighbor babysitting child staff a garage sale fix an appliance play music is a party and so on U.N. also get social credits anytime you volunteer at a local shelter participate in a town fares fifth coach the little league and take a new course beta mural play in a local bands major a young person and so on existing organizations could award and earn social credit spaced out how many people they insist if the the government could put up a significant levels of Dea sees as prizes as incentives for major initiatives for example 100,000,000 DS eased to reduce reduce obesity levels and Mississippi or one billion Dea seas to improved by school graduation rates in Illinois and then that people take various actions to collect its companies could help meet goals and creates in sponsor campaigns around various causes nonprofits and ngos would generate DSC space on how much good they do in the distributed back to volunteers and employees new organizations and initiatives could be crowned funded by Dia sees the state of money as people vote by sending points in a Bentsen media that would draw draw crowds and would receive tse is based on a number of people that attend or a potent the currency would become a new way to support journalism creativity and local events some might ask why create a new digital currency instead of just using dollars first people will respond to points in a different way than they would if they were paid very low monetary amounts that you tell me I'm getting $2.00 to do something I may ignore its but if it's 200 points all started strangely fine a strangely compelling people right now spent countless hours becoming yelp he beats king wasser is mayors in on forswear google local guides and other online equivalents based upon points and social rewards second everyone will feel much more open and comfortable sharing balances if it's a new social currency you want people to advertise and reinforce their behavior behavior is much more likely to be reinforced if it's social and recognized is one reason why people are more likely to lose weight or achieve fitness goals when they're part of a group efforts thereby creating a new currency the government could essentially induce millions of dollars of positive social activity without trying to spend nearly that amount is individuals rack up Tia sees they would have both a permanent balance the turned over their lifetime and a current balance they can cash in the points for experiences purchases with participating vendors or support for causes and transfer points to others for special locations as their permanent balance case higher they might qualify for various perks like throwing a pitch at a local call ballgame an audience with their local congressperson are meeting their state's most civic minded athlete or celebrity maybe the community's leading tse earner would even get a special trip to the White House people and companies could use cash to buy idea sees this would help fund the system with these Tia sees would appear as a different color and be clearly purchased not earns we can create an entire new parallel economy around social good the most socially detached would be the most likely to ignore all of this but many people love rewards and feeling valued again obsessed with competing completing the 10 punch card for three sandwich at my local deli because we're unprecedented levels of social activity without spending that much Dea sees could become cooler thin dollars because you could advertise how much you have and is socially acceptable if you wanted to spur adoption you could target various rewards in campaigns Schwartz particular demographic it's in the areas they stood for people with lower levels of Dea sees would count for extra idiocy system would be an example of harnessing market dynamics to spur social good the Federal government would help set up and fund the platform but it would be up to local governments nonprofits individuals and companies to figure out the best ways to achieve various goals the overall goal would be to improve social cohesion and maintain high levels of engagement for people in a post work economy that freedom dividend would elevate society beyond a need for subsistence and scarcity in digital social credit would tie together communities and give people a way to both generate value and field valued regardless of how the market regards their time 19 human capitalism imagine in a im life coach with the voice of Oprah or Tom hanks trying to help parents stay together or raise kids or a new legion of builders in demolish are said instills millions of solar panels across the country upgrades are infrastructure and removes derelict buildings while also employing tens of thousands of workers or a digital personalized education subscription that is constantly giving your new material and groupings and grouping you with a few other people who are studying the same thing or a wearable device that monitors are vital signs incensed at it to your Dr. While recommending occasional behavioral changes or voting securely in your local elections via your smart phone without any worry or fraud and the city scenarios is possible right now with current technology with the resources and market incentives for them to not exist there is limited or no market reward at present for keeping families together upgrading infrastructure for lifelong education preventative care or improving a democracy wall are smart phones get smarter each season propelled by tens of billions of dollars are phony machines bridges and schools languish in the 1960s this is what we must change fifth th at present the market systematically tends to undervalue many things activities and people many of which are core to these human experience consider parenting or caring for loved ones teaching or nurturing children arts and creativity serving the poor working is struggling regions or environments me environments reading preventative care character infrastructure and public transportation journalism women and people of color under underrepresented minorities and now increasingly unskilled labor and normal people meaningful community connections small independent businesses affective governments they were periods when the market supported some of these things more than it does today today it needs to be steered to do so United States has reached a point where its current form of capitalism is faltering in producing an increasing standard of living for the majority of its citizens is time for an upgrade the next stage of capitalism and Smith the Scottish economist who wrote the wealth of nations and 1776 is often regarded as the father of modern capitalism his ideas of an invisible hand against a market division of labor and itself interesting competition me to wealth creation have been so deeply internalize that today we take most of them for granted by general thinking today is to contrast capitalism with socialism which arose in the 1800s in added advocated social ownership or democratic control of industries Karl Marx published this capital and 1867 and argued that capitalism contained internal tensions there were press the working class who would eventually rise up and take control our perception is that capitalism embody by the west in the United States won the war of ideas by generating immense growth in wealth in elevating the standard of living of billions of people socialism represented by the Soviet Union which collapsed in 1991 in China which moderated its approach in the 1980s didn't work in practice and was thoroughly discredited it's it's this simplistic assessment misses a couple important points forced there's no such thing as a pure capitalist system there have been many different forms of western capitalist economies going back centuries ever since money was invented around 7000 years ago the market feudalism of the middle ages evolve into the expansionist mercantilism of European trading companies which evolves into the industrial capitalism of 20th century America into the welfare capitalism of the 1960s when the United States and many other in fast countries established safety net programs like Medicaid , current form of institutional capitalism and corporatism this is the latest of many different versions similarly many forms of capitalism are in service around fifth the world right now see if war is the fourth richest country in the world in terms of per capita GDP his head and unemployment rate of 2.2% or lower since 2009 is regarded as one of the most free open probusiness economies in the world yet the government and Singapore regularly ships investment policy and governments leach firms dominate telecommunications finance a media in ways that would be unthinkable in the United States Singapore System of capitalism is very different than norway's in japan's and canada's and ours many countries form of capitalism is steered not by an unseen hand but like their government policy for no mention a new type of capitalist economy that is geared for maximizing human well being and fulfillment these goals and GDP would sometimes go hand in hand but there would be times when they wouldn't be a lines for example an airline removing passengers where already boarded a plane to maximize its profitability would be good for capital but bad for people so would a drug company charging extortionate rates for a lifesaving drug most Americans I think would agree that the air line should simply accept the lost revenue in the drug company should accept a moderate profit margin one of this idea was repeated over and over again the route the economy less human center capital is a more humane capitalism for shorts humane capitalism would have a few core tenants one humanity is more important than money two the unit of an economy is each person and not each dollar three markets exist to serve our common goals and values is a saying in business that Watkins measured gets managed for me to start measuring different gains the concept of GDP and economic progress didn't even exist until the great depression was invented so that the government could figure out how bad the economy was dating and how to make it better the economists seven 'cause nets upon introducing the concept of GDP to Congress in 1934 remarked that economic welfare cannot be adequately measure a less than a personal distribution of income is known and no income measured undertakes to estimate the reverse side of income that is the intensity and unpleasantness of effort going into the earning of income for the welfare of the nation can therefore scarcely be inferred from a measurement of national income as defined above is a much like he saw income inequality and bad jobs coming our economic system must shift to focus on bettering the lot of the average person apples and has to be made to serve human and some goals rather than have our humanity subverted to serve the marketplace reshaped the system we own it's not the other way around for in addition to GDP and job statistics the governments should adopt measurements such errors median income and standard of living levels of engagement with work and labor participation rates health adjusted life expectancy childhood success rates infant mortality surveys of national well being average physical fitness and a mental health quality of infrastructure proportion of elderly in quality care human capital development in access to education marriage rates and success of deaths of despair despair index substance abuse national optimism might mindset of abundance community integrity and social capital environmental quality global temperature variance and sea levels reaffirmation of incarcerated individuals and rates of criminality and artistic and cultural vibrancy design anesthetics information integrity journalism dynamism and mobility social and economic equity public safety civic engagement center security responsiveness and evolution of governments that visions use of resources that would be straightforward to establish measurements for each of these and have them updated periodically similar to what Steve Ballmer setup and it's us in a faxed a toward a treasure trove of social metrics that pulls from any public and private sources everyone but then see how we're doing and the galvanized around improvements is good and tide into the digital social credit system were people who helped move society in a particular direction are rewarded for example a journalist to uncover a particular source of waste an artist who you to find a city or a hacker who strengthened our power grid can be rewarded with social credits so could someone who helped another person recover from addiction or help implement an Exe convict into the workforce even someone way who maintained a high level of physical fitness and help others to use so could be rewarded and recognized the power of this new marketplace and currency cannot be overstated most of the technologist and young people I know would be beyond pumped to work on these problems even chomping at the bit to do so you can harness the country's ingenuity and energy to improve millions of lives averages greater weight to monetize and measure the scrolls and no fan of the government's larger an organization is of no more cumbersome and ridiculous and often gets place it in Washington, DC conference rooms and filled out forms and realize the limitations of what even well intended public officials can do I am by nature and entrepreneur who likes to operate close to the ground on the human level that will to spend time with people at the highest levels of governments a striking how stuck most of them feel one congressman said to me as trying to get one big thing done here so I can go home he'd been in Congress for seven years at that point and other joke that being in DC was like being in Rome with the marble there to remind you that nothing will change governments isn't magic what the opposite the system is become bigger than the people that said I've concluded that there is no other way to make these changes and manage through the loss of jobs that do have the Federal government reformats in reorganize the economy particularly using technology to serve human needs and around some of the richest individuals a laugher Pers philanthropies in companies in the world even the richest and most ambitious of them either operates at the wrong steel or has multiple stake holders that make begin long-term commitments difficult to sustain most of them are kind of waiting for governments to reinvent itself and get its act together even billionaires operate a scale of $100,000 to $10,000,000 most of the scout time and we're starting at $1,000,000,000,000 problems that we needed commensurate solutions grassroots efforts are admirable and inspiring but the markets to support most of them and does not exist that things are getting worse and things are getting worse around them no level of activism can compensate for the displacement of workers what is required is a new invigorated government willing to build for the long term we are in a slow moving prices that is about to speed up and requires drastic intervention human capitalism will reshape the way that we measure value in progress and help us redefined why the two what we do 20 of the strong states and the new citizenship leaders beyond money was on the warmup panel once for events headlined by a duel of acts president's bill Clinton and George W bush their speed into a room of wealthy clients of a tiff are of a financial institution the event was very benign the two did exactly a share state secrets they told funny stories about their time in office in their take on current avenged the two and clearly become very friendly beach at a secret service detail who made the whole thing much more cinematic with their crew cuts and headsets afterward be assembled clients puts got in line for the photo OP with the two smiling acts president's there was a time not so long ago when this would have been unthinkable when Harry Truman and left the office of the presidency in 1953 he was so poor that he moved into his mother in law's house in misery all I had to live on was his pension is a former army officer of $112 a month the refused to trade on his celebrity turning down a lucrative consulting and business arrangements by could never leads myself to any transaction however respectable that would commercialize on the prestige and dignity of the office of the presidency it's just the roots his only commercial gain from office was when he sold his memoirs two life magazine for a long time former presidents tended to receive from public in commercial life is practice started changing with Gerard with Gerald Ford joining the boards of American Express and 20th century fox after leaving office in 1977 and it has mushroomed ever since Bill Clinton has amassed $105,000,000 in speaking fees since leaving office chores to the bushes collected a relatively modest $15,000,000 the going rate for one of the former president's is $150,000 to $200,000 for a speaking engagement plus various expenses the irony is that back in 1958 President Eisenhower in Congress felt so bad for Harry Truman that they passed the former president's pact that authorized a lifetime pension that today pays former presidents $250,000 a year and gives them a budget for staff Health Insurance and the like the moneymaking activities of former presidents surged after we started taking care of them is it possible that even the president might go easy on various parties because he or she might be getting paid $200,000 or even $400,000 to speak at them sustain to them a few years later when of the reasons why we've lost our way as a society is that the market has overrun our leaders is not as presidents Elise in general have gotten too cozy we all went to the same colleges have children in the same prep schools live in the same neighborhoods attend the same conferences and social functions and often get paid by the same companies is a very powerful set of incentives to get along in order for humanity to trump capitol the state must represent the public interest above all the goal should be to create of leadership class they can welcome the hatred of others with no fear of getting frozen out of opportunity's afterwards wish a start of the top witching day president sun rays from their current $400,000 to four million dollars tax free per year plus 10,000,000 social credits that there would be one condition they would not be able to accept speaking fees or any board positions for any personal gain after leaving office is would keep them free and clear of any need to make powerful people happy we should do the same for members of the cabinet and the heads of all records but Torrey agencies that stuff working in to see most of the public servants I know are motivated by the right things you go when hoping to make a difference but you quickly get jaded by the system you become quite influential in your own way you to interact with people were making much more money than you at every turn many of them are classmates of yours your time and governments runs out than what's most government employees make about $100,000 private industry may off your due for two times as much industry implicitly becomes one of your most appealing options have friends who have experienced versions of this government's service can easily make you feel like a chump four years later is highly irrational for any regulatory regular tour to come after industry to hard because industry is waiting with the big paycheck afterwards that is one friend of mine swore up and down to me that he'd never become a lobbyist or the beating to become a lobbyist several years later I don't blame him one bit he spent years building up relationships and currency that people wanted to pay him four and his options outside of DC were uncertain Sheila mark Beyer a former head of the Federal deposit insurance corporation lived through this conflict herself to know advocates a lifetime ban on regulatory smirking for the institutions they regulated in return for increased government salary to $400,000 that would change the regulatory mindsets said Bayer and it would remove the upside down incentives for regulators to keep companies happy to command high salaries afterward for semen capitalism to take hold we need leaders who can truly ignore the market's that's the first step real accountability the second step is to introduce a level of personal accountability with those would opt practices that advantage capital over few men interests recall the case of Purdue Pharma the private company that was fined $635,000,000 in 2007 by the department of justice for falsely promoting oxycontin has not addictive and tamper proof of its says earning $35,000,000 seems like a lot of money when the company made $35,000,000 in revenue since releasing oxycontin in 1995 primarily from its secured signature product the family that owns Purdue Pharma the Sackler family is now the 16th riches family in the country with a fortune of $14,000,000,000 they have a museum at Harvard and a building at Yale named after them that are going to make $35,000,000,000 paying $635,000,000 only about 2% seems like a fine price to pay for success meanwhile the rest of us will be dealing with hundreds of thousands of opioid addicts for years to come they've given us a modern day played with snow and insights the sins of families lives and communities have been bruins and affective arguably to enrich one family a similar dynamic played out during and after the financial crisis most of the major banks the chute and profited from mortgage backed securities in the tens of billions over multiple years then the market discovered these securities were worthless the financial crisis ensued the economy went into a tailspin and all of the major banks needed taxpayer funded bailouts the big banks of actually settled with the department of justice for billions of dollars Jp Morgan chase agreed to pay $13,000,000,000 in 2013 and bank of America agreed to pay $16.65 billion in 2014 the most everybody kept their jobs as senior executives escaped culpability despite them have it reeks on the economy even the CEOs of the field firms mean and brothers Merrill Lynch and Bear Stearns each walked away with hundreds of millions of dollars in the current system it pays financially for companies to be aggressive and abuse the public trust make as much money as possible and then pay some modest fines coffin no criminal laws are broken or if they are my letters are impossible to either prosecute or prove is little wonder that our current version of institutional capitalism sit so poorly with young people who grew up during the recession it's your honor receiving end of a morality play that ended with the bad guys walking away with bags of cash and a lousy job markets or would it could we do that was seriously mitigate this behavior and elevate the state and the public good above the interests of multibillion dollar corporations use an idea for automatic rule for every $100,000,000 of companies find by the department of justice or bailed out by the Federal government's both its ceo and its larger largest individual shareholder will spends one months in jail call the new law of the public protection against market abuse act if it's a foreign company this would apply to the head of the U.S. operation at the largest American shareholder there would be a legal tribunal and due process in each case the president would have the ability to pardon to spend short and were otherwise modify the period were sentence the president would also have the ability to pull back the essence of any such individual to repay the public in may to be this drastic approach which stretch the bounds fifth of the powers of the states that is a clear need for penalties with some teeth for executives and invade individuals were being enriched by a gracious behavior at public expense that this rule had been in place during the financial crisis we would've had the hands of the major banks all lined up for prison sentence is the settlers would have spent time behind bars was certainly set up a hierarchy where CEOs are not above the public good technology on our minds that actively regulated technological innovations like self driving cars and artificial intelligence will require much more activity had a much more activated and invigorated states the LAN must in 2017 call for proactive regulation of any I've calling it a fundamental risk to the existence of civilization date is don't often call for regulation of their own industries so you know in must be serious another major technology issue that will require government intervention is the affect of smart bones on human minds particularly those of young children recent research indicates that the increase its mark own use by teenagers coincides with an unprecedented surge in depression anxiety reduced sociability and even higher suicide rates Tristan Harris of former design ethicist at Goble has written compellingly about how apps are designed to function like slot machines lying for our attention and giving us variable unpredictable rewards to keep us engaged as individuals trying to moderate our own behavior and that of our children we've all were outgunned by $1,000,000,000 companies Houston ropes Majid hundreds of engineers whose job every day is to invent new ways to keep you looked another technologist lamented that the best minds of my generation of thinking about how to make people click hands and their succeeded six seeing it in a better world one can imagine smart phones with settings like maximum stimulation moderates engagement and serenity and apps modifying their notifications and home screens accordingly the government regulator call it the department of the attention economy to indeed into the guts of social media gaming and chat apps and allow for both user and parental visibility and control maybe there could even be notifications that flied excess of screen time for example you are now entering power four of continuous smart phone use you may want to go outside we're looking at another human being now and two little boys am not eager to see them become antisocial homebody zombies try to set new Hyde gaming scores yet and observing parents interact with their children I can see how easily it happens parents know there are endless hours to fill change won't happen without some regulation because the gaming and social media companies many of them publicly traded have strong financial incentives to maximize engagements the new citizenship a renewal of citizenship and humanity will require a different experience at the user level of citizenship what do I mean by that the state has a few big responsibilities keeping people healthy healthy and educating them are two of the main ones which will turn two shortly another aspect of citizenship is a sense of belonging and commonality most Americans have less and less exposure to those in other walks of life as we increasingly diverse into rural and urban enclaves this leads to increasingly from politics as Become harbor to bridge many of my friends advocate service your opportunities to Foster more of a sense of unity one idea is instituting an American exchange program or citizenship trap during which all graduating high school seniors go on a month-long trip fifth to several different parts of the country hosted by host families and paid for by the government's they would volunteer for a local organization and participate in programming with 24 other high school graduates from diverse regions and backgrounds a 25 young people would get to know each other in structure get personal ways that could be run by the top rated school teachers and professors in the region each artist can take place and high schools or community colleges there would be some require programming on the basics of citizenship and civic investment afterward everyone would have at least a few friends from vastly different backgrounds young people have the potential to develop significant relationships a short periods of time in the right context they would permanently alter our politics by making it impossible to cast other Americans as anything other than fellow citizens who wants better lives for themselves and their loved ones people can tell when you actually invest in them is one reason all of the high end companies conduct elaborate ratings done well the American exchange program would give people more of a reason to explore other parts of the country and maybe even move someplace difference if an opportunity calls for its they would open minds and hearts in order for our society to prosper through the automation way the state must become a newly invigorated force says is shipped must grow to mean something again and we have to make clear that we value people intrinsically independent of any qualities or qualifications will stop there a and I'm reading the war on a normal people by injury hanging and I'm mike zone thanks for listening E , the D1 TE