American RadioWorks |
President Barack Obama delivers remarks at Henninger High School in Syracuse, New York, during the college affordability bus tour, Aug. 22, 2013. (Official White House Photo by Chuck Kennedy)President Barack Obama delivers remarks at Henninger High School in Syracuse, New York, during the college affordability bus tour, Aug. 22, 2013. (Official White House Photo by Chuck Kennedy)

Goodbye, College Ratings (For Now)

The Obama administration recently declared that it would no longer pursue a college ratings system based on accessibility, affordability and student success. And college presidents everywhere breathed a sigh of relief.

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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 |
President Barack Obama delivers remarks at Henninger High School in Syracuse, New York, during the college affordability bus tour, Aug. 22, 2013. (Official White House Photo by Chuck Kennedy)President Barack Obama delivers remarks at Henninger High School in Syracuse, New York, during the college affordability bus tour, Aug. 22, 2013. (Official White House Photo by Chuck Kennedy)

Goodbye, College Ratings (For Now)

The Obama administration recently declared that it would no longer pursue a college ratings system based on accessibility, affordability and student success. And college presidents everywhere breathed a sigh of relief.

Recent Posts

  • 07.23.15

    Sweet Briar Returns

    Sweet Briar College was about to close after struggling with dwindling enrollment and other problems. An alumni group raised more than 20 million dollars in pledges to keep the doors open, but the school's survival is still deeply in doubt.
  • 07.15.15

    The Future of Historically Black Colleges

    Historically Black Colleges and Universities proliferated throughout the late 19th and early 20th centuries, when many white schools refused to admit African Americans, especially in the South. Our guest this week feels HBCUs still serve a crucial role in higher education.
  • 07.07.15

    Talking About Race in Schools

    Over the past year, race relations have dominated the news cycle. This can bring up difficult questions, especially for parents and teachers. Our guest Yolanda Moses says Americans need to find more ways to talk about race in schools.
  • 07.02.15

    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.