Social Metrics, web3, and the meta-verse
In the future, as we build better bridges on the path to financial fairness policies driving global economies, new roads will have to be paved. This is where web3 comes in, the latest hype from Silicon Valley's elite, but will it deliver anything relative to its promise of a web built on blockchain? Solidity has already shifted a huge space of crypto driven websites that allow you to connect your wallet seamlessly in the background. So to take this even further, and have your wallet be active in a virtual cafe allowing you to pay for goods and services the same as you would in a normal Starbucks. There is a gaining excitement present with NFTs inside VR as well, a vision where these two realities of real products in a virtual landscape pairing together; albeit with an added baselayer of a new type of digital social identity.
Intelligent, yet Artificial Relations
Right now, in the present, most HR departments take advantage of the public information companies like Facebook and Google currently have freely available. Yet as internet privacy becomes at the forefront of many individuals minds the idea arises. Could an amalgamation of data being processed behind the scenes by recruiting and marketing A.I. company applications nefariously control someone's life?
Most likely, it's already happening because of capitalism-driven products and software. Artificial intelligence will be used to harness the power of capitalism. It will be, and even in its current form, is finance-driven. Most of the smartest robots you will ever encounter, are stock traders, because billions have been invested in software that can predict through patterns top investments for competing hedge funds. There is a new generational problem that has been created from this as well. That will be overlooked and passed on as the new burden of modern society. Will the next generation of ultra-wealthy reverse their commitment to philanthropy? Because if we want capitalism to overcome previous incarnations, we must not ignore the prevalent issues of inequality throughout our society.
The Dynamics of Gender Diversity
Regardless of decades of progress, women in the workforce are still vastly underrepresented. Only 34% of top executive positions are held by women, and the metrics suggest the reason behind this is that women have a more difficult time progressing and being promoted in their careers than men. A recent Harvard Business Review study suggests too many organizations are placing women at entry level positions rather than director or VP roles, which is the main reason behind the disproportionate representation of high paying careers for women.
During COVID-19 women had to take the burden of work as well as childcare, something that many employers don't understand is one reason why mothers raising a family deserve to be recognized, and highly considered or regarded for being promoted to higher-up positions in a company. If a woman chooses to take on the responsibility, I think in the past this is a male critical issue, would be that raising a family interferes with corporate duty; for anyone raising a family, to place even more of a burden on women to be overly criticized -- this is something that has a direct impact on disproportional gender composition in the workforce.
Keeping the World Accountable
One of the main initiatives laid out by the Council for Inclusive Capitalism is to achieve net-zero energy goals that offset pollution, waste, byproducts, and emissions. Reducing virgin plastic usage and genuinely holding large industry producers culpable to real world benefits of offsetting their carbon footprint. Encouraging business to embrace green projects inside their organization, expand on them, and then a realization that this is actually contributing to a positive feedback loop. We are in an age of instant information where everything is one twitter-take from a social discord of public scrutiny. More long term objectives and goals should be laid out to align with geopolitical and social ideals, so that the next generation of business leaders have a strong foundation laid out with critical mission steps already put in place.
Closing the Racial Wealth-gap
Cryptocurrency represents financial inclusion for black and minority investors, who not long ago felt disconnected from investing and money markets. And why wouldn't it? Owning Bitcoin in itself is a liberating process that represents financial individuality, and a way to break free from the chains of traditional banking practices. The bottom-line is that it is empowering, it is a new system, and expanding in to a market where the consumer previously felt ineffectually disenfranchised is an important part of what inclusive capitalism represents.
Black Bitcoin Billionaires, Black Economic Empowerment for Crypto, and Crypto Church have attracted hundreds of thousands of African-American investors giving advice on Crypto Trends and investing.
The impact that cryptocurrency has already had on third world nations, in places like Africa, should be regarded as a major fundamental success for raising awareness of how a monetarily democratic financial system can reshape entire countries affected by disproportionate poverty.