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Martin Luther King Jr. is jostled in Memphis as the march he's leading on March 28, 1968 turns violent. Photo courtesy University of Memphis Libraries.

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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 |
Martin Luther King Jr. is jostled in Memphis as the march he's leading on March 28, 1968 turns violent. Photo courtesy University of Memphis Libraries.

Featured Documentary: King's Last March

Martin Luther King Jr. was assassinated on April 4, 1968. More than four decades later, King remains one of the most vivid symbols of hope for racial unity in America. But that’s not the way he was viewed in the last year of his life.

Recent Posts

  • 02.04.16

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    School voucher programs are controversial because they allow students to use public funds to pay for private school. A new paper is one of the first to show a school voucher program actually lowering student test scores.
  • 01.28.16

    Learning Financial Literacy

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  • 01.21.16

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    College was once considered the path of upward mobility in this country, and for many people, it still is. But research shows that the higher education system can actually work against poor and minority students, because they often end up at colleges with few resources and low graduation rates.
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