American RadioWorks |
Image: Harvard First Generation Student Union Facebook Page.

The First Gen Movement

Over the past decade many elite colleges have taken great strides to admit low-income students, but there are unanticipated financial and cultural barriers to fitting in on campus that can’t easily be solved by merely giving students a foot in the door. Questions of class differences have spurred a nationwide movement of “first generation” student clubs on college campuses.

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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: Harvard First Generation Student Union Facebook Page.

The First Gen Movement

Over the past decade many elite colleges have taken great strides to admit low-income students, but there are unanticipated financial and cultural barriers to fitting in on campus that can’t easily be solved by merely giving students a foot in the door. Questions of class differences have spurred a nationwide movement of “first generation” student clubs on college campuses.

Recent Posts

  • 04.15.15

    The Lost Children of Katrina

    In the year following Hurricane Katrina, 30 percent of displaced children were either not enrolled in school or not attending regularly. Today, Louisiana has the nation’s highest rate of young adults who are neither in school nor working. And researchers are starting to ask: could the widespread gaps in schooling after Katrina be the reason?
  • 04.08.15

    Saving a Women’s College from Closure

    Last month the board of Sweet Briar College announced that the school will shut its doors at the end of this term, due to financial difficulties. The announcement was made abruptly, sending the campus community into a state of shock... and then activism.
  • 04.01.15

    The Future of College

    Kevin Carey's book "The End of College" is stirring up debate in higher ed circles. This week, a response to the book by a critic.
  • 03.25.15

    The End of College or the University of Everywhere

    When education policy wonk Kevin Carey looks into the future, he sees the end of traditional colleges and universities and he says that's a good thing.