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in collaboration with Spotlight on Poverty and Opportunity

Institute an alternate economic system

File under: Alternate economy, social capitalism, social currency, knowledge asset, education, mentorship, social entrepreneur, small business, social media, other

4 (6 votes)

From: Daniel R., Edmonds, WA

The Ingenesist Project specifies an alternate economy that closely resembles market capitalism except that factors of production are not land, labor, and financial capital. They are social, creative, and intellectual capital. These are the things that social entrepreneurs will allocate in the production of goods and services. This is called "Social Capitalism."

Social capitalism requires a standardized (normalized) community knowledge inventory and a social media application that allows millions of social entrepreneurs to match most worthy knowledge surplus with most worthy knowledge deficit within a geographical area (i.e., a neighborhood or community).

Since we use the same calculus as Wall Street, we can estimate the likelihood that an entrepreneur will return a social profit. All predicted social profits can be combined into a social "cash" flow and securitized as innovation bonds. The innovation bonds will be traded as a social currency to hedge the dollar.

Debt is a promise against future productivity. The innovation bond is also a promise against future productivity. Therefore, an innovation bond and debt denominated dollar would be fully convertible. That would end poverty in a hurry. Please see the Ingenesist website for an informative video series.


Comments:

Keith A.
From , IL

So . . . people should . . . THINK food onto the table? I fail to see how your "social capitalism" will feed, clothe or house people who lack these things.


Dan R.
From Seattle, WA

@Kieth A; Yes, people will think and food, clothes, houses, airplanes, and software will get produced. How do you believe that happens now...bankers? Ingenesist is an exact duplicate of the same exact system that can now read a strip of magnetic carbon laminated to a piece of plastic which allows you to carry groceries out of a store. The exception are "the factors of production" If you don't understand how that system works, it will be difficult for you to understand how The Ingenesist Project will accomplish the exact same outcome, except where the human is the item of permanence rather than the environment, machinery, and a debt based currency.


American RadioWorks |
Image via Wikimedia Commons.

Minorities and Special Ed

For years policy makers believed that minorities were overrepresented in special education and that there was inherent bias in the way kids were being identified as disabled. A new study turns this idea on its head.

Recent Posts

  • 06.23.15

    Learning from Video Games

    A lot of parents worry about whether their kids' video game habits are harmful - especially when gaming gets in the way of homework or reading. But writer Greg Toppo says gaming can be a great way to learn.
  • 06.17.15

    Teaching the Birds and the Bees

    For more than a century, Americans have been arguing about how to teach children about the birds and the bees in public schools. A new book argues that for all the fuss about sex education in America, students get precious little of it.
  • 06.11.15

    What can Japan teach us about teaching?

    Coming up this fall we'll be releasing a documentary about teacher preparation - how people learn to become teachers and how they get better once they're in the classroom. This week: how do Japanese teachers learn to improve on the job?
  • 06.02.15

    Million-Dollar Teacher

    When Nancie Atwell was growing up, she never thought she’d go to college, let alone become an award-winning teacher. But a few months ago, Atwell received a $1-million-dollar global prize for her decades of teaching English and literacy skills to elementary and middle schoolers.