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Stanford Sela040609

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  • Manning & Morris, The Ancient Economy p.86, cites Polanyi’s Great Transformation & Our Osolete Market Mentality for conclusion that society uses 3 main mechanisms to provide citizens goods & services
  • Image Source http://www.newyorker.com/images/2008/12/22/p233/081222_r18074_p233.jpg Bailout amounts Job losses http://blogs.wsj.com/economics/2009/01/09/worst-year-since-1945-with-more-pain-to-come/trackback/ More banks will fail http://blogs.wsj.com/marketbeat/2009/01/06/banks-credit-quality-expected-to-worsen/trackback/ Decline in residential & commercial property markets http://online.wsj.com/article/SB123085781068147847.html Unemployment rate http://www.bls.gov/news.release/pdf/empsit.pdf Off the cliff REITs http://online.wsj.com/article/SB123067570012543757.html?mod=loomia&loomia_si=t0:a16:g2:r1:c0.034484:b0 Stock market losses http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=ataVotdLreS0
  • SEC knew of Madoff scam since 1999 http://www.sec.gov/news/press/2008/2008-297.htm
  • Environmentalism http://www.jlaw.com/Articles/environmentbible2.pdf Geneivat da'at http://www.jlaw.com/Articles/geneivatdaat.html Healthy competition http://www.jlaw.com/Articles/hasagatgevul.html Stumbling block before the blind http://www.jlaw.com/Articles/placingstumbling.html Interest limits http://www.jlaw.com/Articles/venture_notes.html#Note5 Bad advice/sin http://www.jlaw.com/Articles/interestAndTheBlindBorrower.pdf
  • Copyright 2009 Urban Logic, Inc. All rights reserved. Jeff Hawkins Talk: http://www.ted.com/index.php/talks/view/id/125 David Pogue Talk: http://www.ted.com/index.php/talks/view/id/7 Jan Chipchase http://www.ted.com/index.php/talks/view/id/190 Murray Gell-Mann: http://www.ted.com/index.php/talks/view/id/194 Jacqueline Novogratz: http://www.ted.com/index.php/talks/view/id/157 Larry Lessig http://www.ted.com/index.php/talks/view/id/187 James Howard Kunstler http://www.ted.com/index.php/talks/view/id/121 Nora York http://www.ted.com/index.php/talks/view/id/81 Eddi Reader http://www.ted.com/index.php/talks/view/id/110 Chris Anderson http://edge.org/q2007/q07_1.html#andersont
  • Ashraf Ghani estimated 90% of foreign aid in Afghanistan was wasted http://www.rawa.org/rebuild2.htm George Ayittey http://www.utexas.edu/conferences/africa/ads/943.html
  • SuperBowl http://www.nfl.com/superbowl/stats?type=team Baseball http://mlb.mlb.com/mlb/stats/index.jsp
  • http://www.fivethirtyeight.com/search/label/today%27s%20polls
  • http://www.worldmapper.org/images/hires/322_ecol_footprint-ea-cart.tif
  • Transcript

    • 1. Bruce Cahan Ashoka Fellow Stanford Center for Internet & Society Fellow (non-resident) © 2009 Urban Logic, Inc.
    • 2. What is a social entrepreneur? © 2009 Urban Logic, Inc.
    • 3. What is Social Entrepreneurship?
      • Whole internally:
      • Being
      • Listening
      • Thinking
      • Imagining
      • Whole externally:
      • Acting
      • Giving
      • Receiving
      • Partnering
      © 2009 Urban Logic, Inc.
    • 4. Roles & Resources for my Day
      • Whole
      • Person
      • Listening
      • Imagining
      • Acting
      • Giving
      • Receiving
      • Partnering
      • Networking
      • Challenging
      • Who am I today?
      • Professionally: lawyer, banker, government & geospatial technologist, emergency responder, infrastructure finance, conscious consumerism & urban sustainability advocate
      • Culturally: American
      • Religion: Jewish
      • Physically: Dystonia survivor
      • Family: Committed dad
      • Serial social entrepreneur
      © 2009 Urban Logic, Inc.
    • 5. E thical banking and finance Why create a good bank? Bruce Cahan President, Urban Logic Presented at SELA: Society for Entrepreneurship in Latin America Stanford University - April 6, 2009 © 2009 Urban Logic, Inc.
    • 6. Economics we leverage
      • Ways societies distribute goods & services:
      • Exchange supported by market mechanisms
      • Redistribution by centralized political structures
      • Reciprocity by institutions of kinship & friendship
      © 2009 Urban Logic, Inc.
    • 7. 2008 was a disaster, financially
      • U.S. lost 2.6 million jobs, the most since 1945
      • Now 7.2% Americans unemployed
      • Residential & commercial property markets collapsed 20%
      • Global stock markets lost $30 trillion (half their value)
      • U.S. stock markets lost $7.2 trillion
      • Foreclosures doubled
      • Banks slowed/stopped lending
      • $272 billion to bailout 315 banks
      • $152 billion to bailout AIG Insurance
      • 25 banks failed, with more bank failures expected in 2009
      © 2009 Urban Logic, Inc.
    • 8. 2008 was a disaster, ethically
      • U.S. Treasury demands TARP funds to help homeowners, without transparency
      • Banks & AIG use bailout funds to party, buy market share or pay bonuses
      • Car company executives jet to DC for aid
      • Bernard Madoff’s $50 billion Ponzi scheme abused the trust of Jews & non-Jews, capping 10 years when SEC failed to act
      © 2009 Urban Logic, Inc.
    • 9. Our common ethical business roots
      • Man was placed on Earth to work & protect it (Gen. 2:15)
      • Thou shalt not steal (8 th Commandment)
      • Thou shalt not deceive in business dealings nor “steal the mind” of any consumer or innovator ( Geneivat da'at )
      • Place no stumbling block before the blind, by temptation, advertising or commerce (Leviticus 19:14)
      • Provide neither the means or bad (self-serving) advice to commit sin ( Sifra, Kedoshim, parshasa 2, perek 7 )
      • Competition must be fair, spread out so “all fishermen have a chance to catch fish” ( Gemara )
      • Interest must not impoverish the borrower (Lev. 25:35-37)
      © 2009 Urban Logic, Inc.
    • 10. Intersections Inspired by TED
      • Our brains are prediction machines, based on taking in and storing experience Jeff Hawkins (Palm)
      • Our physics is built on the beauty of nested layers of simple relationships Murray-Gell Mann, physicist
      • Our society is built by seeing, acting on and communicating the meaningful in your life Tony Robbins, life coach
      • Simplicity sells David Pogue (NY Times technology critic)
      • Dignity means more than wealth. Patient capital means more than charity. Jacqueline Novogratz (Acumen Fund)
      • Democratization of content is the literacy of this generation. Lawrence Lessig (Stanford Center Internet & Society)
      • Our brains respond faster to threats, drowning out hopeful news & how to use it Chris Anderson (TED curator)
      • We need to learn how to listen to 3 billion new voices on the planet, living on $2/day Jan Chipchase (Nokia principal researcher)
      • Let’s build “public spaces” worth caring about, because life is lived locally James Howard Kunstler, urban design guru
      • I want what I can’t have. I need what I don’t want...My mind won’t stop. What I Want, sung by Nora York
      • Where are you now? Kiteflyer’s Hill, sung by Eddi Reader
      08/06/09
    • 11. The Earth is ours, in trust © 2009 Urban Logic, Inc.
    • 12. Our Planet is Semantic Fabric
      • Needs are real, but mapped retrospectively
      • Capacities are locally known, but unmapped
      • Money is a social fiction, unmapped, oddly purposely
      © 2009 Urban Logic, Inc.
    • 13. A Simple 3-Layer World Map
      • Needs Layer – regional, indigenous, dynamic
      • Capacities Layer – regional, thematic, real
      • Money Layer – $ flows from here to there
      © 2009 Urban Logic, Inc.
    • 14. Needs Layer
      • Gaps in Quality of Life
      • MILLIONS of viewpoints, apolitically
      • THOUSANDS of experts & NGO’s measures
      • An agnostic space, where statistics weighted by use & relevance to regionalism
      • = Sustainable Resiliency®
      © 2009 Urban Logic, Inc.
    • 15. Capacities Layer
      • A Wikipedia® of Solutions
      • indigenous to region
      • or applicable to its Needs
      © 2009 Urban Logic, Inc.
    • 16. Money Layer
      • Spatially-tag the money aimed at
      • Creating, redressing or anticipating Needs
      • or
      • Leveraging Capacities
      © 2009 Urban Logic, Inc.
    • 17. Example: Foreign Aid
      • 80% of foreign aid is wasted or untraceable
      • Too many hands handle aid money
      • No map exists of
        • Authorized foreign aid funds
        • Projects that foreign aid was supposed to fund
        • What aid money actually funded
      © 2009 Urban Logic, Inc.
    • 18. Mapping Money
      • XBRL: eXtensible Business Reporting Language
          • coupled with
      • Location-Based Services
              • leading to
      • Describing social conditions (GRI) as $ impacts
      © 2009 Urban Logic, Inc.
    • 19. After 9/11, we mapped functions © 2009 Urban Logic, Inc.
    • 20. We have better stats on Sports © 2009 Urban Logic, Inc.
    • 21. We have better Stats on Politics © 2009 Urban Logic, Inc.
    • 22. Why map needs, capacities & money? Answer: To improve local conditions, faster © 2009 Urban Logic, Inc.
    • 23. After 2,000 years, the World has become a harsher place, faster, without a brake © 2009 Urban Logic, Inc.
    • 24. World Population (Year=0) © 2009 Urban Logic, Inc.
    • 25. World Wealth (Year = 0) © 2009 Urban Logic, Inc.
    • 26. World Population (Year = 1500) © 2009 Urban Logic, Inc.
    • 27. World Wealth (Year = 1500) © 2009 Urban Logic, Inc.
    • 28. World Population (Year = 1900) © 2009 Urban Logic, Inc.
    • 29. World Wealth (Year = 1900) © 2009 Urban Logic, Inc.
    • 30. World Population (Year = 1960) © 2009 Urban Logic, Inc.
    • 31. World Wealth (Year = 1960) © 2009 Urban Logic, Inc.
    • 32. World Population Today © 2009 Urban Logic, Inc.
    • 33. World Birthrate Today © 2009 Urban Logic, Inc.
    • 34. World Wealth (Year = 1990) © 2009 Urban Logic, Inc.
    • 35. World Wealth (Year = 2015) © 2009 Urban Logic, Inc.
    • 36. World Population (Year = 2030) © 2009 Urban Logic, Inc.
    • 37. World Population (Year = 2500) © 2009 Urban Logic, Inc.
    • 38. National Savings Rates © 2009 Urban Logic, Inc.
    • 39. World Finance (Net Exporters) © 2009 Urban Logic, Inc.
    • 40. World Finance (Net Importers) © 2009 Urban Logic, Inc.
    • 41. The Undernourished (Year = 1990) © 2009 Urban Logic, Inc.
    • 42. The Undernourished (Year = 2000) © 2009 Urban Logic, Inc.
    • 43. The Blind, at birth or by disease © 2009 Urban Logic, Inc.
    • 44. Peoples Affected by Disaster © 2009 Urban Logic, Inc.
    • 45. Peoples touched by War 1945-2004 © 2009 Urban Logic, Inc.
    • 46. Urbanized, living in cities © 2009 Urban Logic, Inc.
    • 47. Urban Growth © 2009 Urban Logic, Inc.
    • 48. Biocapacity © 2009 Urban Logic, Inc.
    • 49. Ecological footprint © 2009 Urban Logic, Inc.
    • 50. Life Expectancy © 2009 Urban Logic, Inc.
    • 51. We need more ethical banks © 2009 Urban Logic, Inc.
    • 52. We spend too much. © 2009 Urban Logic, Inc.
    • 53. We save too little. © 2009 Urban Logic, Inc.
    • 54. We are credit ratings. © 2009 Urban Logic, Inc.
    • 55. We are taxpayers. © 2009 Urban Logic, Inc.
    • 56. We are consumers. © 2009 Urban Logic, Inc.
    • 57. We work & earn $. © 2009 Urban Logic, Inc.
    • 58. We are borrowers. © 2009 Urban Logic, Inc.
    • 59. We are investors. © 2009 Urban Logic, Inc.
    • 60. We donate to charity. © 2009 Urban Logic, Inc.
    • 61. We live to shop. © 2009 Urban Logic, Inc.
    • 62. Banks don’t help us live. © 2009 Urban Logic, Inc.
    • 63. Banks help us shop. © 2009 Urban Logic, Inc.
    • 64. We strive to be good. © 2009 Urban Logic, Inc.
    • 65. We live multi-sided financial lives, © 2009 Urban Logic, Inc.
    • 66. disconnected © 2009 Urban Logic, Inc.
    • 67. so as to profit others. © 2009 Urban Logic, Inc.
    • 68. OUR spending is destroying OUR planet. © 2009 Urban Logic, Inc.
    • 69. Credit cards help us © 2009 Urban Logic, Inc.
    • 70. spend © 2009 Urban Logic, Inc.
    • 71. mindlessly, © 2009 Urban Logic, Inc.
    • 72. regardless of impact. © 2009 Urban Logic, Inc.
    • 73. Are banks ethical? © 2009 Urban Logic, Inc.
    • 74. Too often, banks fund © 2009 Urban Logic, Inc.
    • 75. pollution, © 2009 Urban Logic, Inc.
    • 76. war, © 2009 Urban Logic, Inc.
    • 77. poverty, © 2009 Urban Logic, Inc.
    • 78. poor health, © 2009 Urban Logic, Inc.
    • 79. subprime mortgages, © 2009 Urban Logic, Inc.
    • 80. BIG BONUSES! © 2009 Urban Logic, Inc.
    • 81. WHAT ABOUT ETHICS? © 2009 Urban Logic, Inc.
    • 82. COULD A BANK BE ETHICAL? © 2009 Urban Logic, Inc.
    • 83. Surely, a bank can be ethical! © 2009 Urban Logic, Inc.
    • 84. An ethical bank would © 2009 Urban Logic, Inc.
    • 85. have the integrity to admit & fix mistakes, © 2009 Urban Logic, Inc.
    • 86. help, not hurt, © 2009 Urban Logic, Inc.
    • 87. use credit to reward seeking ethical choices, © 2009 Urban Logic, Inc.
    • 88. use financial services to grow sustainability, © 2009 Urban Logic, Inc.
    • 89. reverse threats to indigenous peoples, cultures and regions. © 2009 Urban Logic, Inc.
    • 90. I am building an ethical bank, © 2009 Urban Logic, Inc.
    • 91. [see www.GoodBank.info/w] © 2009 Urban Logic, Inc.
    • 92. starting © 2009 Urban Logic, Inc.
    • 93. in Silicon Valley © 2009 Urban Logic, Inc.
    • 94. and going to © 2009 Urban Logic, Inc.
    • 95. NYC, © 2009 Urban Logic, Inc.
    • 96. DC, © 2009 Urban Logic, Inc.
    • 97. Miami, © 2009 Urban Logic, Inc.
    • 98. Europe. © 2009 Urban Logic, Inc.
    • 99. We will use technology © 2009 Urban Logic, Inc.
    • 100. to © 2009 Urban Logic, Inc.
    • 101. harmonize data into © 2009 Urban Logic, Inc.
    • 102. Sustainable resiliency® © 2009 Urban Logic, Inc.
    • 103. as a regional credit rating, © 2009 Urban Logic, Inc.
    • 104. The Means Meter® © 2009 Urban Logic, Inc.
    • 105. to help shop ethically, © 2009 Urban Logic, Inc.
    • 106. Procurement visualization © 2009 Urban Logic, Inc.
    • 107. so social entrepreneurs © 2009 Urban Logic, Inc.
    • 108. and nonprofits © 2009 Urban Logic, Inc.
    • 109. can compete for © 2009 Urban Logic, Inc.
    • 110. government contracts, © 2009 Urban Logic, Inc.
    • 111. and other technologies © 2009 Urban Logic, Inc.
    • 112. like FaceBook® & Wikipedia® © 2009 Urban Logic, Inc.
    • 113. so ethical people © 2009 Urban Logic, Inc.
    • 114. can use money to © 2009 Urban Logic, Inc.
    • 115. see and reach © 2009 Urban Logic, Inc.
    • 116. their ethical goals © 2009 Urban Logic, Inc.
    • 117. TODAY! © 2009 Urban Logic, Inc.
    • 118. earning © 2009 Urban Logic, Inc.
    • 119. cash-back rewards © 2009 Urban Logic, Inc.
    • 120. cheaper interest rates © 2009 Urban Logic, Inc.
    • 121. while helping to grow © 2009 Urban Logic, Inc.
    • 122. social enterprises & © 2009 Urban Logic, Inc.
    • 123. sustainable resiliency ® © 2009 Urban Logic, Inc.
    • 124. in regions they cherish. © 2009 Urban Logic, Inc.
    • 125. We will use © 2009 Urban Logic, Inc.
    • 126. Semantic Web © 2009 Urban Logic, Inc.
    • 127. Mobile Web © 2009 Urban Logic, Inc.
    • 128. financial literacy tools © 2009 Urban Logic, Inc.
    • 129. across the SC: Eco © 2009 Urban Logic, Inc.
    • 130. [Social Capital Ecosphere]. © 2009 Urban Logic, Inc.
    • 131. Our bank branches © 2009 Urban Logic, Inc.
    • 132. will feel different. © 2009 Urban Logic, Inc.
    • 133. Instead of human ATMs, © 2009 Urban Logic, Inc.
    • 134. our branches will feel © 2009 Urban Logic, Inc.
    • 135. like Apple® Stores © 2009 Urban Logic, Inc.
    • 136. where friends seek © 2009 Urban Logic, Inc.
    • 137. financial literacy © 2009 Urban Logic, Inc.
    • 138. to see, learn & improve social impacts. © 2009 Urban Logic, Inc.
    • 139. An ethical bank © 2009 Urban Logic, Inc.
    • 140. incubates change. © 2009 Urban Logic, Inc.
    • 141. We are surrounded by change agents: © 2009 Urban Logic, Inc.
    • 142. Ashoka © 2009 Urban Logic, Inc.
    • 143. IDEO © 2009 Urban Logic, Inc.
    • 144. McKinsey © 2009 Urban Logic, Inc.
    • 145. Hill & Knowlton © 2009 Urban Logic, Inc.
    • 146. Promontory Financial © 2009 Urban Logic, Inc.
    • 147. Weil Gotshal & Manges © 2009 Urban Logic, Inc.
    • 148. Please join us. © 2009 Urban Logic, Inc.
    • 149. Questions? © 2009 Urban Logic, Inc.
    • 150. Bruce Cahan [email_address] Wiki: Goodbank.info/w © 2009 Urban Logic, Inc.