Mindful Wealth Podcast
Every pilot has shown a reduction in stress, mental illness, and physical illness. Improvements in productivity, motivation, and risk-taking. “Basic income,” as Guy points out, “Strengthens social solidarity. It makes people more tolerant. It makes people more altruistic.”
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Mindful Wealth Podcast
The band Massive Attack produced an audio/visual album in 2020. They had collaborators on each of the three individual tracks, including our most recent Mindful Wealth Podcast guest, Guy Standing.
“Now, when they asked me, I thought, What on earth? Why are they asking me, a boring economist, to do a music video on the precariat and basic income? And it's sort of really caught a nerve somewhere. That sort of thing doesn't happen to someone like myself again. But I'm very pleased I did it…it gave me an opportunity to do, in a short form, these arguments about what basic income is all about. And I thank massive attack for inviting me to do that.”
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Mindful Wealth Podcast
Empathy is at the core of being human. Anyone in the position of chronic insecurity, poverty, loss of rights, and uncertain wages cannot be held to the same moral standard. You can’t be free without the same material resources that allow one to be moral.
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Mindful Wealth Podcast
We spoke with Guy Standing about insecure society, chronic uncertainty, and, of course, the pandemic. Shocks to the system - things that we cannot predict nor protect ourselves against. In these circumstances, we see more and more “othering,” “nastiness” of one another that stems from things like fear and ignorance. Things that stem from not participating in the life of a community, a city, a state, or a country. That education, to teach people to participate in life, in citizenship, is lacking compared to how our society teaches people how to make more money, be in business studies, or be successful in the financial market.
This involves redefining true wealth, human wealth. Guy Standing believes that human wealth is the ability to learn and be social, to have the freedom and the security to use our time and resources as we like.
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Mindful Wealth Podcast
"I had the privilege of being director of research for President Mandela's Labor Market Commission. And so I got to meet him a lot. And it was a great pleasure to work with him, obviously a great honor. I got some wonderful photographs. And it was one of the highlights of anybody's career."
- Guy Standing
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Mindful Wealth Podcast
The third dimension of the precariat, after uncertain labor and unstable wages, is the loss of rights of citizenship. “They're losing civil rights; they don't have equal access to justice, they're losing social rights, they don't have access to the social services on the basis of the other groups in society. They're losing economic rights; they can't practice what they're qualified to do. And they're losing cultural rights because they don't belong to a viable community that can give them an embedded sense of security.”
In Episode 23, Jonathan and Terrie speak with economist Guy Standing, who speaks about the growth of a global market economy where a small minority receives most of the world's income and millions of people face constant uncertainty at the edge of unsustainable debt. The growing precariat we must confront is defined by three dimensions: Unstable labor, uncertain wages, and the collective loss of the great rights - civil, cultural, and economic rights.
Listen to the whole episode: mindfulwealthpodcast.com
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Mindful Wealth Podcast
The Precariat’s 2nd dimension of three is uncertain wages. They have less and less access to non-wage benefits like paid holidays or rights-based in government. The distinctive form of income is money wages that are becoming more and more uncertain. Almost everyone in the precariat is living on the edge of unsustainable debt. “One accident, one mishap, one mistake, and they could be out in the street. And the mentality of that is incredible stress. And that stress plays on their capacity to make rational decisions.
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Mindful Wealth Podcast
The first dimension that Guy Standing describes of the Precariat is unstable labor. He defines labor as what you do for a wage, distinct from work. Volunteering, housework, childcare, and social activities can also be defined as work, whereas labor has exchange value. The precariat does a whole lot of work for labor. Millions of people are doing work that isn’t being recognized and has consequences if it isn’t done.
In this episode, Jonathan and Terrie speak with economist Guy Standing, who speaks about the growth of a global market economy where a small minority receives most of the world's income and millions of people face constant uncertainty at the edge of unsustainable debt. The growing precariat we must confront is defined by three dimensions: Unstable labor, uncertain wages, and the collective loss of the great rights - civil, cultural, and economic rights.
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Mindful Wealth Podcast
When meeting someone new, how often do you consider what life experiences they've lived and what makes them who they are? We draw our first impressions through tunnel vision, but if we want to gain true wealth, Teva Sienicki recommends we become more connected with those around us through wonder.
To hear more about sonder and how it can help us gain true wealth, check out this week's episode of the Mindful Wealth Podcast!
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Ep. 22 SB 4 Post
A lot of times we let what divides us tear us down and make us less wealthy as a nation. If we can come together and maintain empathy and compassion, we can be innovative and look for evidence-based policies that allow us to build True Wealth.
It’s an interesting question of whether a person can have wealth on their own or if True wealth only exists in the web of our interconnected common humanity.
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Mindful Wealth Podcast
IF my goal is to alleviate a particular pain (hunger, lack of water, lack of energy, etc.). Let’s say that Jacob comes to me with some pain and I resolve that pain for a short period (without fixing the underlying problems)… I can then write an annual report expressing how successful we are.
They are successful because they are asking the wrong question.
Of course, when you donate mosquito nets and give free cash transfers, you will have an impact. But, what is the goal here? Is the goal to alleviate the pain and struggle a little bit or is the goal to fundamentally transform people's lives and help them become independent beings?
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Mindful Wealth Podcast
When you go into a poor community (even within a rich country), you are slapped with the lack, it just hits you in the face. There is just so much LACK. People don’t have access to education, healthcare, no access to healthy food.” And there is this incredible desire to help – it’s a human desire.
With most philanthropic work, we identify a need and we PUSH the resources that the community needs. If there is a lack of education, we push the schools. If there is a lack of healthy food we push better farming techniques. We push new technology and institutions into a context that is not ready to absorb and receive.
“Market Creating Innovation” creates a PULL effect.
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Learn how to close the gap between the rat race and true wealth. The Mindful Wealth Podcasts is abou
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