This week the Intrepid duo from CoinChat get to talk with a man who is straddling both technology and politics, Andrew Yang, an American entrepreneur, is the founder of Venture for America, and a U.S. 2020 Democratic presidential candidate. He worked in startups and early-stage growth companies as a founder or executive from 2000 to 2009.
Andrew is favour of a basic universal income. ‘The Freedom Dividend,’ of $1,000/month, $12,000 a year for every American adult over the age of 18. This is independent of one’s work status or any other factor. This would enable all Americans to pay their bills, educate themselves, start businesses, be more creative, stay healthy, relocate for work, spend time with their children, take care of loved ones, and have a real stake in the future. Wow – I’m loving this man.
And he advocates for Human Centred capitalism. This is music to my ears. His campaign blurb says:
Capitalism as an economic system has led to unparalleled innovation and improvement in the human condition. Many consider it to have “won” the war of ideas against socialism, but that simplistic view ignores that there is no such thing as a pure Capitalist system. And our current version of institutional capitalism and corporatism is a relatively recent development.
Our current emphasis on corporate profits isn’t working for the vast majority of Americans. This will only be made worse by the development of automation technology and AI.
We need to move to a new form of capitalism – Human Capitalism – that’s geared towards maximizing human well-being and fulfillment. The central tenets of Human Capitalism are:
- Humans are more important than money
- The unit of a Human Capitalism economy is each person, not each dollar
- Markets exist to serve our common goals and values
“The focus of our economy should be to maximize human welfare. Sometimes this aligns with a purely capitalist approach, where different entities compete for the best ideas. But there are plenty of times when a capitalist system leads to suboptimal outcomes. Think of an airline refusing to honor your ticket because they can get more money from a customer who purchases last-minute, or a pharmaceutical company charging extortionate rates for a life-saving drug because the customers are desperate.”
I like his thinking. To listen more, get onto the CoinChat Wedensday video with our guest columnists Steve and Yuri.
About the Coin Chat
Hosted by Steve Good and Yuri Cataldo, The Coin Chat is the trusted source for all things cryptocurrency and finance. Each week the guys dissect an important issue and cut through the noise and misinformation out there in the world of the blockchain, cryptocurrency, Bitcoin, Ethereum, ICOs, STOs, and crypto projects and companies to capture the facts that truly matter to you that will give you an edge in this fast-moving emerging market. The Who, What, Where, When and, How of what you need to know in crypto to get ahead so you don’t get left behind.