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    Essays on Inclusive Stakeholding
    Essays on Inclusive Stakeholding
    Essays on Inclusive Stakeholding
    Ebook194 pages2 hours

    Essays on Inclusive Stakeholding

    By Joon Yun, Conrad Yun and Eric Yun

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    The story we're telling is simple: as humans have globalized, family values have not scaled well. Not so many lifetimes ago, we lived in kin tribes where our interests were aligned according to the principle of inclusive fitness—or kin skin in the game. Unfortunately, kin skin in the game is maladapted to our modern era, as fake news, fake foods, and fake politicians endemic in our society are catalyzed by the exclusive stakeholding associated with low alignment of interests among strangers. We wrote this book to help the world reimagine new types of social, political, and economic institutions for the global village. The social contract of the future will be based on the First Principle of Humanity: the principle of Inclusive Stakeholding—through the vested interest in the success of others, an attribute that was inherent in the inclusive fitness of our prehistoric social systems. The time has come for Inclusive Stakeholding.
    LanguageEnglish
    PublisherBookBaby
    Release dateNov 29, 2019
    ISBN9781949709858
    Essays on Inclusive Stakeholding

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      Book preview

      Essays on Inclusive Stakeholding - Joon Yun

      own.

      Brief and Incomplete

      History of the World

      A speech delivered at the United Nations headquarters

      in New York City on the 50th anniversary of the lunar

      landing on July 20, 2019

      Hi everyone. I’m Eric Yun, and I am honored to be here with all of you at the United Nations on this 50th anniversary of the fulfillment of President Kennedy’s lunar mission. I’m here to tell you a new story, a story about history and about a new kind of mission to bring the world together.

      Once upon a time, home was our kin village. There was mom, dad, siblings, as well as cousins, aunts, and uncles. Kin is the root of kindness, and we took care of each other according to our degrees of relatedness—a trait biologists call inclusive fitness. We were fed, informed, and governed by those who had our best interests at heart. Genetically speaking, people own 50% founder’s stock in their children, 25% in their grandkids and cousins, and so on.

      Today, we rely much more on strangers who have an incentive to put their own interests ahead of ours. When those entrusted to serve us don’t have kin skin in the game, unfortunate things can happen. Fake news, fake foods, fake politicians all result from the same underlying cause: low genetic alignment.

      Furthermore, when this malalignment is combined with competition, a race to the bottom line ensues. If we force one media company to use less clickbait, for example, another will use more to gain market share. If we force one food company to use less sugar, another will use more to fill the void. In a way, the Kardashian culture and high-fructose corn syrup are the same phenomenon—the inevitable outcome of a race to the bottom line, where malalignment meets capitalism.

      But it’s not just institutions versus people. It’s also people against each other. Deep fractures seem to appear daily along every tribal element of human identity. As in some apocalyptic action movies, we hardly know where to step in our day-to-day conversations for fear of falling into some crevasse of bubbling hate that has just opened up.

      The tragedy is that these tribal hurrahs might prove as phony as SPAM when it first appeared as a poor replacement for meat, and later, as an even worse replacement for a friend’s handwritten letter. If loyalty is a fleeting and tradable commodity, is it still loyalty? Without the kin skin in the game that existed in our original tribes, true loyalty within today’s tribes will remain as elusive as it has been since the beginning of the human diaspora a hundred thousand years ago. Rather than healing the wounds of alienation, today’s tribalism throws salt in them. That’s hardly the type of future anyone would dream of, yet an everyone-for-themselves nightmare is exactly what looms as the sun sets on this brief and remarkable interlude known as human history.

      This alienation has been going on far longer than you might think. Looking back, world history as we know it has largely been a story of how family values failed to scale as humans globalized. When kingship replaced kinship, sovereigns began ruling over instead of on behalf of their people. Ancient republics created to counter these abuses also collapsed, usually due to self-dealing. As republics and empires everywhere collapsed under the burden of self-interested corruption, it was perhaps inevitable that the story of a deity who gave his only son to the world emerged to counter the story of kings who gave the world to their sons. But this story also gave way to the same old story of institutional corruption until Martin Luther’s revolution in 1517.

      Around that time, the idea of a joint-stock company was born. This powerful idea aligned stakeholders the way genes once did for kin tribes. But these companies did not include their workers or people in distant lands as stakeholders, which led to imperialism, colonialism, and the exacerbation of abusive working conditions brought on by the industrial revolution. Against this backdrop, firms that gave stock to their workers was a stunning innovation that made Silicon Valley the entrepreneurial juggernaut it is today. On the other hand, Silicon Valley did not include users as stakeholders, which is resulting in yet another round of upheavals today.

      These examples demonstrate a recurring theme: unless first-order alignment issues are addressed, whack-a-mole solutions to second-order problems will only create new ones. Pete Townshend anthemized this Sisyphean hell of revolutions in Won’t Get Fooled Again: the new boss is often the same old boss.

      A group of excluded stakeholders has been paying the price ever since we left the kin-skin-in-the-game era of human evolution—the price of tyranny, slavery, nepotism, nationalism, nativism, imperialism, colonialism, racism, pollution, extractive capitalism, corruption, alienation, loneliness, and inequality. The good news is that the solution is hiding in plain sight. We’re at that tap your heels together three times, when we finally realize that we’ve had the power to change our story all along. Humanity’s natural condition is not independence but interdependence, and the arc of human history has been nothing more than our failure to replace the inclusive fitness of the kin village with the inclusive stakeholding of the global village. The struggle for inclusive stakeholding is the First Principle of Humanity, from which can be derived not only historical understanding but a path to building a better future for everyone. This is very doable.

      To begin doing this, our family is launching the Grand Challenge on Inclusive Stakeholding, a social innovation competition intended to nurture new types of social, political, and economic institutions in which all people win as all stakeholders win—including those who don’t have a voice, such as the children of the future. I will offer some examples.

      Imagine health insurers being rewarded based on people’s healthcare savings ten years down the road. If a proportion of the health savings of that patient over ten years accrues to the original insurer, then the insurer becomes an investor-stakeholder in the client’s health, which motivates them to encourage preventive health measures. Or, imagine teachers being rewarded in token amounts on the blockchain that are based on their students’ contributions to the world ten years down the road. The pupils’ success would lift up all their prior teachers. Instead of universal basic income, imagine universal basic stakeholding, where we all have a stake in one another’s future.

      In the olden days, warring kingdoms would make peace by marrying off their kids to create interdependence and kin skin in the game. Today we can build networks of interdependent stakeholders to create a social economy, as Facebook did for social media but much, much bigger. I’m sure each of you can think of many more possibilities, and we are all aligned with the success of one another’s ideas. Whereas malalignment with competition is a race to the bottom, alignment with competition is a race to the top.

      The stakes have never been higher. We live today in a highly interconnected world and our futures are irrevocably intertwined as never before, both as individuals and as nations. From ecological impact to humanitarian crises to space exploration, we all have a stake in the risks and opportunities arising across the planet. Embracing inclusive stakeholding is our final frontier, and our future depends on it.

      Like Captain Neil Armstrong, I dream of things that fly and fly far. Instead of a world where history is written by the victors, I dream of a world where history is made by helping others win. If we succeed in this vision for humanity, our transformative journey from the kin village to the global village will be complete. I know that sounds crazy, but if President Kennedy were here today, he would ask us to aim beyond the moon. He would ask us to aim for the stars. I hope you will join me in this new mission. I wish you all good luck, and Godspeed.

      First Principle of

      Humanity: The Principle

      of Inclusive Stakeholding

      The First Principle of Humanity is Inclusive Stakeholding: assigning a stake to others in the widest sense, including those who currently don’t have a voice, and our future children. From this First Principle, large-scale human history can be derived and a better future for all can be imagined.

      Evolution selected our social instincts to align with kin tribes. For the longest time, it probably was difficult for early humans to avoid living in kin tribes. The benefit of kin-based living was too high, as was the cost of avoiding it. That was our Eden—our social nirvana of time immemorial.

      In that cradle of human evolution, there was less need for consciousness. Follow your instincts and things worked out. It might be no accident, then, that the kin tribe era left us no record. Perhaps life for them just was.

      But somewhere along the way, humans harnessed the Promethean Fire and learned to make tools. That knowledge uprooted humans from their kin tribes and the era of social entropy began. As lineages arborized, kinship thinned. The hive became a house divided. Descendants battled and were banished to a life of wandering. The dispersion and diasporas hit their planetary limits and merged into melting pots.

      Looking back, the journey to now has been mostly a beautiful one. But the human experience over the past ten thousand years has also brought an ever-increasing awareness of the existence of good and bad, expressed through the service or disservice of others, either according to, or in spite of, Hamilton’s rule.

      The battle between these forces has been as dramatic as the prehistoric kin tribe era was undramatic. Every collision between kin-based societies and societies built on competition—for example when the Native Americans met Europeans—resulted in the annihilation of the former due to advanced weaponry possessed by cultures with commodification. But over longer cycle times, even the latter category of cultures built on commodification also imploded. Thus, as per Ibn Khaldun’s Asabiyyah, all civilizations began to rise and fall. Strange things started to happen regularly. It began to be worthwhile to observe, contemplate, and act in profoundly new ways.

      But by and large, we’ve had to learn by trial and error. Ideas that seemed good to the parade of conquerors, revolutionaries, and social reformers that have disproportionately shaped our collective history delivered disappointing—if not downright destructive—results. Yet, we were never quite sure why. Even though we’ve made great progress in improving our material existence, the rising tide that has buoyed us materially has also unmoored us spiritually. Too many parts of the human experience feel soulless. For the vast majority of people alive today, the price of progress has been a loss of a sense of belonging that were the anchors of human experience for most of the history of our species. This cost has been significant—and, even more to the point, one we’ve not even begun to seriously recognize or address.

      We are genetically wired for the kin tribe era, but we no longer live as such. That’s a first-order problem that continues to spawn second- and third-order issues in a degenerating cascade. So, the time has come to return to our roots. It’s time to restart at year zero.

      Just as Caesar had no idea that future historians would count the calendar years

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