Business is Changing and Kindness is In with Vinny Tafuro (Episode #48)

We are rapidly entering a new age of ‘Conscious Capitalism’ – where kindness, creativity, and human value impacts our modern economics.

Vinny Tafuro, founder of the Institute for Economic Evolution, is a visionary thinker, writer, entrepreneur, communications theorist, and economist.

He is the author of two books, Corporate Empathy and Unlocking the Labor Cage, where he advocates for the twenty-first century economy that is “disrupting society’s most rigid institutions and beliefs.” His economic theories explore the societal and economic shifts being catalyzed by corporations as a result of technology, corporate personhood, and evolving human cognition. In other words, he believes that our economy is entering a new era that can pursue human connection and kindness rather than greed and consumerism.

Resources Mentioned:

Books:

Previous Episodes:

Videos:

[00:01 – 5:36] Opening Segment
  • I introduce Vinny Tafuro
  • How Vinny started and the scope of his work
    • Vinny’s role and work
    • Institute for Economic Evolution
  • An intro to Human Economics
    • Household management and term for the market
    • A social psychology study within art and science
    • Returning humanity to a mathematical structure
[05:37 – 20:38] Understanding Social Capital
  • Vinny’s thoughts on economics and crisis
    • The need for solutions
    • Examples
    • We have a crisis of social capital
  • Understanding social capital
    • The trust that drives a community
    • A cycle of support
  • How to operate in social capital
    • A new metric for businesses to look for
  • A look at Wikipedia
    • The economics of an idea
    • It shows the ability to collaborate
  • Consumer trust and its importance to profit
    • The way advertisers are losing trust
    • How to improve
  • A word about Conspiracy of Goodness Network
[20:39 – 33:50] Business is Changing and Kindness is in
  • How to free up people’s time
    • The changing of how things are done
    • The time crisis
    • The positive effects of having more time
  • How this can be done in practice
    • 20% time example
    • Leaving room for the desire of productivity
  • Economics is incomplete
    • Humans are not rational beings
    • Emotions impact our economics
  • The power of the pause
  • Where real change comes from
    • It’s time to try new things
[33:51 – 47:47] Bringing Real Change to the Forefront
  • Vinny talks about the concept of lazy philanthropy
    • How it relates to conscious capital
    • The example of Andrew Carnegie and Rockefeller
    • Modern examples
    • Spend down foundation
    • Market sector vs. social sector
  • The concept of setting up the next generation for success
    • A lost concept
    • Paying dues forward
  • The Team Human movement
  • How things are changing rapidly
[47:48 – 58:44] Closing Segment
  • Vinny’s thoughts on Everybody Matters
  • A last deep dive into conscious capitalism
  • Final thoughts on changing economics
  • Connect with Vinny
    • Links below
  • What proves to Vinny that it’s still an amazing world
  • Final announcements

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