It’s time for capitalism to get an upgrade.......with Andrew Yang - Venture for America at TED.
Andrew Yang is the founder of Venture for America, a major nonprofit that places top college graduates in start-ups for two years in emerging US cities to generate job growth and train the next generation of entrepreneurs. He has been the CEO, co-founder or executive at a number of technology and education companies. A documentary called "Generation Startup" that features Yang and Venture for America was released in 2016 and is available on Netflix and other streaming platforms.
What capitalism prioritizes, the world does more of. So how can we change capitalism so that it focuses on what humans really want and need? Entrepreneur Andrew Yang has a surprising proposal.
Think of the activities on the list below:
Most of us do some or many of these things — and usually, we don’t do them for money. What these activities add up to is what we might call a normal life, a well-rounded life of care and character, rich with community and creativity and balance. When you do these things, you don’t think of yourself as participating in capitalism.
But the fact is, capitalism moves and energizes the modern world. And what capitalism values, our world does more of; what it doesn’t, we do less of. Many of us feel like the activities of a normal life are becoming harder and harder to accomplish. So the question becomes: In a system where capitalism is a prime determinant of value, how can we preserve what we truly value as humans, what matters to us beyond money?
I’m someone who was educated to thrive and dominate in our capitalist system. And my deep conviction now is: it has to change. I’m an Ivy League graduate who followed the 59 percent of my peers into one of the four jobs we all take — lawyer, business consultant, finance, technology — in one of the four US cities we all move to, and in the process abandoning our hometowns and the dreams that first inspired our academic success. I watched the country’s best-educated young people fall into jobs that were designed to harvest and concentrate wealth, working insane hours to pay off insane loans. And my hometown friends who didn’t end up on the Ivy League track are facing a bleaker future, as automation destroys more and more jobs in towns across America, disrupting communities and families. No matter where we stand on the socioeconomic ladder, the future of the “normal life” doesn’t look good.
In the US, and in much of the developed world, our current form of capitalism is failing to produce an increasing standard of living for most of its citizens. Read the Full article Here.
Or watch his video presentation below.....
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