Notes of Note from John F. Ince

Archive for June, 2010

Time and Social Capital: The Ultimate Constraint

What started off as a metaphor for a book I’m working on has turned into a theory and I’m now wondering if it in turn needs it’s own book. It’s the concept of applying the principles of capitalism to a broader definition of capital. Thinks like knowledge and trust, things being described in theories around Social Capital and Human Capital.

You can read my last few posts under the tag Capitalism and you can read some amazing thoughts and questions from others that have really helped me formulate my own theories better.

via Time and Social Capital: The Ultimate Constraint.

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Social financiers merge at ‘most critical time in a generation’ | Social Enterprise

Two of the big names in the world of social finance, Charity Bank and Investing for Good, will as of today work together in a strategic alliance.

The partnership will create a full service social bank combining Charity Bank’s retail deposit and lending bank services with Investing for Good’s ability to provide investment advice and arrangements to wealth managers.

Charity Bank CEO Malcolm Hayday said: ‘The strategic fit with Investing for Good is very strong and our combined strengths will hasten the development of a broad range of social investment services at the most critical juncture for financial services in a generation.’

Geoff Burnand, co-founder of Investing for Good, and now also Chief Investment Officer of Charity Bank, said: ‘If this sector is going to progress it needs to demonstrate collaboration and scale.

via Social financiers merge at ‘most critical time in a generation’ | Social Enterprise.

Risky Business: With Stimulus Funds Running Dry, Government Betting On Private Sector

With midterm elections drawing near, it’s becoming increasingly difficult to convince Congress that more government money is needed to pull the United States out of its economic slump. Instead, lawmakers seem to be banking on expansion and investment from private businesses.

Hopefully they were paying attention to Tuesday’s stock plunge — attributed to news of slowing economies from the U.S. to China — which, in the view of David Leonhardt of the New York Times, suggested that “pessimism seemed the better bet.”

One day of trading isn’t necessarily a referendum on economic policy, of course. Leonhardt equivocates on the question of longer-term spending versus austerity, writing, “You can find good evidence to support either one.” But investors remain consistently reluctant to let their money ride, consumer confidence is in the gutter, and the U.S. Census Bureau hired more than ten times as many Americans in May as the entire private sector put together.

As the Los Angeles Times outlines, state and local governments are still heavily dependent on soon-to-expire federal stimulus funding to avoid making painful cuts to social services that benefit millions of desperate Americans. The U.S. government isn’t alone in its hesitation to keep spending, but the devastating effects of austerity measures in Ireland offer a bleak picture of what may come if Congress continues on a similar path.

via Risky Business: With Stimulus Funds Running Dry, Government Betting On Private Sector.

Glenbrook’s Model for Social Payments (A Work in Progress) — Payments Views from Glenbrook Partners

I’ve been thinking a lot lately about social payments, and have reached two conclusions. The first is that a payment facilitated by a social network is not a social payment—it’s just a normal customer-not-present payment. The second is that social payments are, by definition, social in nature and involve multiple parties. Hear me out on these two thoughts.

What if I used my Visa card to buy a cat flap being sold by a cat flap merchant on a social network? How is that really any different than buying a toaster from a merchant with a Yahoo store? It’s not. One merchant, one buyer, one transaction.

What if the merchant had a Facebook storefront and I was using my card on file in a Facebook wallet? I still say no difference. What if the merchant was enabled by Facebook to accept Facebook credits as a form of payment, and the merchant was subsequently funded by Facebook, minus normal Facebook payments acceptance fees? I’m still not biting. This would be intriguing in a Facebook-centric world, but still not a social payment in my mind. Still one merchant, one buyer, one transaction.

I’ve concluded that for something to be a social payment, it’s got to be social. It’s got to involve multiple parties paying at once. Or multiple parties being paid at once. Or one party buying and another party paying. On and on.

via Glenbrook’s Model for Social Payments (A Work in Progress) — Payments Views from Glenbrook Partners.

Money and Meaning …. Jeff Skoll’s Speech at Stanford B-School, 2010

Quote from Jeff Skolls Commencement Speech at Stanford Business School. “But while you’re thinking about making money, make sure you’re also thinking about making meaning.  Money without meaning can be an unfulfilling life.

via Jeff Skoll Speech 2010.

Embrace Joy

Know that joy is rarer, more difficult, and more beautiful than sadness. Once you make this all important discovery, you must embrace joy as a moral obligation. – Andre Gide

Cause Marketing |Triple Pundit

Digital and visual storytelling are all the rage these days, and for good reason.  Going viral on Youtube can result in powerful changes.

via Cause Marketing |Triple Pundit.