In Part II of our grand debate on shareholder-centric capitalism versus FIAT, a global fiduciary standard, I join George Kinder to discuss the pros and cons of scaling globally. We covered incentives, wealth, and income inequality, as well as the stimulation of entrepreneurship and innovation.
I took the side of the status quo, shareholder-centric capitalism, and why a FIAT standard could disrupt the greatest economic engine of all time. George explained the negative externalities of rampant, cutthroat capitalism, particularly the consequences of enormous wealth and income disparities worldwide.
Do hierarchical systems serve the whole? How can we adapt to ensure our economic system thrives for generations to come? More importantly, which side won?
You’ll have to watch to find out. I’d love to hear from you. What are your thoughts on the current trajectory of shareholder capitalism? Will is serve us well for the next 150 years, or should we look for ways to adapt?
George and I plan to continue these discussions with a future FIAT versus Capitalism debate on the Truth. Stay tuned ….
