Michael Joseph Presley and co-host argue that crypto projects can generate profits while delivering social benefits, citing Harvard Business School's "Creating Shared Value" concept. They announce registrations are now open for a Universal Basic Income program that distributes monthly payments through crypto initiatives.
We fight a lot about the role of profit and its primacy in business. Profit's a healthy thing. Profit is a metric of sustainability. Without being profitable, we don't get to be here. But there has also arisen this false equality around profit. A couple years ago, a couple Harvard Business School professors wrote an article called "Creating Shared Value." What they said was there's a new way of thinking about how businesses can serve. Philanthropy is the old way. Philanthropy is sharing wealth that's already been created. But a better way is to create wealth by serving. And so in creating shared value, you then have to say, well, that's interesting because now we're going to create a profitable business that does good. And they coined a phrase that I just love. They said, all profits are not created equal. Those that carry a social benefit are better. So let's stop arguing about this because if you're an investor, why wouldn't you invest in a company that returns adequate reward to you but also does good? If you're a government, why wouldn't you favor those businesses? Why wouldn't you look for businesses that do good in addition to making a profit? And then here's the rub.
And guys, today we're gonna talk a little bit about— we've opened up now registrations to participate in our Universal Basic Income program every month. So
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