Reimagining Trust: The Fiduciary Standard for a Humane Society

Envisioning a Trustworthy Civilization: A Conversation with George Kinder on Fiduciary Principles

In this episode of the Mindful Money Podcast, Jonathan hosts George Kinder to discuss the potential of applying fiduciary principles—putting clients' interests first—beyond financial advice to all institutions, including corporations and governments. George shares his journey and vision for a more humane and trustworthy world, inspired by lessons from the 2008 financial crisis and his global experiences. The conversation dives into systemic changes needed, the feasibility of such transformations, and how these ideas align with and challenge current capitalistic frameworks. George advocates for a grassroots movement driven by these principles, hinting at a future where enhanced trust and ethical standards in all institutions could lead to a more entrepreneurial and sustainable global society.

00:00 Introduction to a Humane and Trustworthy Society

00:48 Welcoming George Kinder and His Vision

00:54 The Fiduciary Standard Beyond Finance

02:09 George's Global Startup and Poetry

03:47 The Three Domains of Freedom

05:24 A Golden Civilization: Global Insights

06:43 Challenges and Philosophical Perspectives

09:35 Defining Fiduciary in All Things (FIAT)

13:15 Human Nature and Systemic Change

17:12 Examples and Practical Applications

21:52 Concerns and Resistance to Change

24:28 Redefining Corporate Greed

26:20 The Role of Truth in Democracy

28:28 Navigating the Complexity of Truth

30:00 The Bell Curve of Truth

32:56 Challenges and Resistance

34:48 The Vision for a Trustworthy World

39:27 Sustainable Business Practices

41:32 Spreading the Mission

46:35 Conclusion and Call to Action

ABOUT MINDFUL MONEY:Do you struggle with money? You’re not alone.Money is a means, not an end. It’s a necessity of life for sure, but more money does not always guarantee a “good life”. Money enables many aspects of modern life, but as a dominant consideration, it becomes destructive.The paradox is that more time and energy spent on personal finance does NOT create better outcomes. Unlike many other parts of life, we can’t create better outcomes by being smarter, spending more time, or putting in more effort.Join Mindful Money author and experienced 40-year investor Jonathan DeYoe as he shares stories from artists, authors, entrepreneurs, and other advisors about how they mindfully minimize their need to think about money and get more out of life.If you aren’t happy with your finances, feel like money takes more time than it should, or want to place your financial decisions into the broader context of your life, this show is for you.Each episode will draw the line between the “enough” activities that the academics tell us are additive to family outcomes, and those “little bit more” efforts that take time and sap energy but do NOT improve outcomes.MINDFUL MONEY RESOURCES:Website: https://mindful.moneyJonathan DeYoe on LinkedIn:   / jonathandeyoe  Mindful Money on X / Twitter: https://x.com/MindfulMoney_EdMindful Money on Facebook:   / mindfulmoneyplan  Mindful Money on Instagram:   / mindfulmoneyplan  Mindful Money on YouTube:    / @mindfulmoney  🎙️Podcast Production by Spoken Podcasts: https://spokenpodcasts.com