TED Talks Daily A stock market for social justice | ZigZag
Aug 3, 2020
Join Eric Ries, author of "The Lean Startup" and founder of the Long-Term Stock Exchange, as he discusses radical ideas for fostering social justice through innovative financial systems. He challenges the detrimental impacts of short-term thinking in business on society. Dive into how a new stock market could inspire civic entrepreneurship, improve representation for marginalized communities, and prioritize sustainable growth over quick profits. It's a refreshing conversation on redefining corporate accountability and revitalizing democracy.
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World Tour Experience
- Eric Ries's world tour after publishing "The Lean Startup" broadened his perspective beyond Silicon Valley.
- He observed how short-term thinking negatively affects businesses globally.
Short-Term Thinking Consequences
- Short-term thinking in businesses leads to antisocial behaviors like neglecting employee well-being and avoiding long-term investments.
- This focus on quarterly earnings hinders innovation and long-term growth.
LTSE Conception
- Eric Ries conceived the idea of the Long-Term Stock Exchange (LTSE) while on a book tour.
- Initially met with skepticism, the idea gained traction as a potential solution for short-termism in business.
