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:
- Corporate Empathy – Vinny Tafuro
- Unlocking the Labor Cage – Vinny Tafuro
- The Thank You Economy
- What Unites Us
- Team Human Book
- Everybody Matters
- Conscious Capitalism
- Bowling Alone
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
