Because it's relatively "boring," we aren't paying enough attention to this sort of stuff - it's going to kill us.
Because it's relatively "boring," we aren't paying enough attention to this sort of stuff - it's going to kill us.
This is how tech billionaires and hedge funds extract profit from poverty. It’s quite ingenious, but those Wharton MBAs are clever when it comes to setting up synthetic debt products.
Human Capital Finance 101 – Futures Trading on The Data of Vulnerable Populations
Implement austerity budgeting for 10-20 years.
Cultivate Third-Way politicians, similar timeframe as above.
Build out smart-city sensor networks, similar timeframe as above.
Document and measure social problems in detail – unemployment, addiction, incarceration, mental illness, special education, affordable housing, etc.
Assign fixed costs to as many problems as possible. These will be the cost-offsets against which social impact profit can be extracted.
Build support for “accountability” and “transparency” in pay-for-performance government contracting.
Advance e-government and open-data initiatives (optional, but helpful).
Invite policy leaders from esteemed global academic and development institutions to advise on enabling legislation.
Groom social welfare providers – non-profits, faith communities, municipal departments, and for-profit-prison companies in “continuum of care” transition
Conduct pilot programs that will be promoted through “Solutions Journalism” media outlets.
Evaluate data-warehouse and social impact dashboard options.
Standardize “success metrics” and hire third party program evaluators.
Identify best practices for conducting intrusive, ongoing data surveillance of all who access public benefits.
Establish government digital identity.
Plan transition to programmable assistance via vouchers that can be programmed using blockchain smart contracts.
Alert investors: BlackRock et al, pension funds, sovereign wealth funds, insurance companies, high-net worth individuals, charitable endowments, faith communities among others.
Once sufficient deal flow is reached, begin to securitize the debt associated with the privatized social welfare “investments” (see ReadyNation and the Kaufman Foundation’s Invest in Kids Bonds for a model).
This is a monster. Learn. Fight. Pray.
>**This is how tech billionaires and hedge funds extract profit from poverty. It’s quite ingenious, but those Wharton MBAs are clever when it comes to setting up synthetic debt products.**
>Human Capital Finance 101 – Futures Trading on The Data of Vulnerable Populations
>1. Implement austerity budgeting for 10-20 years.
>2. Cultivate Third-Way politicians, similar timeframe as above.
>3. Build out smart-city sensor networks, similar timeframe as above.
>4. Document and measure social problems in detail – unemployment, addiction, incarceration, mental illness, special education, affordable housing, etc.
>5. Assign fixed costs to as many problems as possible. These will be the cost-offsets against which social impact profit can be extracted.
>6. Build support for “accountability” and “transparency” in pay-for-performance government contracting.
>7. Advance e-government and open-data initiatives (optional, but helpful).
>8. Invite policy leaders from esteemed global academic and development institutions to advise on enabling legislation.
>9. Groom social welfare providers – non-profits, faith communities, municipal departments, and for-profit-prison companies in “continuum of care” transition
>10. Conduct pilot programs that will be promoted through “Solutions Journalism” media outlets.
>11. Evaluate data-warehouse and social impact dashboard options.
>12. Standardize “success metrics” and hire third party program evaluators.
>13. Identify best practices for conducting intrusive, ongoing data surveillance of all who access public benefits.
>14. Establish government digital identity.
>15. Plan transition to programmable assistance via vouchers that can be programmed using blockchain smart contracts.
>16. Alert investors: BlackRock et al, pension funds, sovereign wealth funds, insurance companies, high-net worth individuals, charitable endowments, faith communities among others.
>17. Once sufficient deal flow is reached, begin to securitize the debt associated with the privatized social welfare “investments” (see ReadyNation and the Kaufman Foundation’s Invest in Kids Bonds for a model).
This is a monster. Learn. Fight. Pray.
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