in collaboration with Spotlight on Poverty and Opportunity
Institute an alternate economic system
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.
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.
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.