Jack Yan
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The Persuader

My personal blog, started in 2006.



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03.01.2017

Getting inspiration from Douglas Rushkoff


John Nowak/CNN

I’ve had a 52 Insights interview with Douglas Rushkoff open in a Firefox tab for nearly half a year. It’s a fascinating piece, and I consider Douglas to be spot on with a lot of his viewpoints. I’ve revisited it from time to time and enjoyed what Douglas has had to say.
   Here are a few ideas I took from it. The italicized parts were added by me to the Medinge Group version of this post.

  • There are a lot of idealistic ventures out there, but to grow, often founders have to compromise them. It comes back to our thoughts at Medinge over a decade ago about ‘Finance is broken.’ Because of these compromises, we don’t really advance as much as we should, and some brilliant ideas from young people aren’t given the chance they deserve. This needs to change. We already have branding as a tool to help us, and we know that more authentic, socially responsible brands can cut through the clutter. When these ventures start up, brands are an important part of the equation.
  • How are governments going to fund this universal basic income if they themselves aren’t getting a decent tax take? It’s the same question that’s plagued us for decades.
  • Douglas sees ventures like Über to be the same-old: its customer really is its investor, and that’s not a new concept at all. It’s why we can’t even consider Über to be a good brand—and the tense relationships it often has with governments and the public are indications of that. It’s not, as Douglas suggests, even a driver co-op. It’s still all about making money the old-fashioned way, albeit with newer tools.
  • Worrying but true: some of the biggest companies in the world are required to grow because of their shareholders. As a result, they’re not creating sustainable revenue. ‘If you’re one of the top fifty biggest companies in the world and you’re still required to grow, that’s a real problem.’
  • Kids these days aren’t as into all this technology and social networks as we are. Thank goodness. When Facebook reports another billion have joined, you’ll know they’re BSing you and counting all the bots.
  • Many people see things as though they were created by God and accept them. Douglas gives the examples of Facebook and religion. I can add the capitalist and socialist models we have. If people believe them to be God-given, or natural, then they feel helpless about changing them. We need to wake people up and remind them these are human-made constructs—and they can be unmade by humans, and replaced with better ideas that actually work for us all.
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