SAN MATEO, Calif., Oct. 20, 2019 /PRNewswire-PRWeb/ -- The Yun
Family Foundation announces the Grand Challenge on Inclusive
Stakeholding ("The Challenge"), an incentive prize competition
designed to nurture innovations that promote a better future for
all through the principle of inclusive stakeholding. The
announcement was made at the Novus Summit held in the United
Nations headquarters in New York
City on the 50th anniversary of the Apollo 11 landing in
July.
"The arc of human history has been a struggle to update the
inclusive fitness of the kin tribe era with the inclusive
stakeholding of the global era," stated Joon Yun, Principal of the Yun Family
Foundation. "Genetically speaking, people own 50% founder's stock
in their children, 25% in their grandkids and cousins, and so on.
Kin skin in the game provided the inclusive stakeholding that
helped people win as their community won. 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, exclusive stakeholding ensues. Fake news, fake foods, and
fake politicians all result from the same underlying cause of low
genetic alignment."
The Challenge invites social innovations from any discipline,
including economics, politics, arts, technology, and sciences
(including the social sciences).
"When malalignment of interest is combined with competition, a
race to the bottom line ensues," commented Conrad Yun, Executive Director of the Yun Family
Foundation. "For example, if we force one media company to use less
clickbait, 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. Without kin skin in the game to protect against
extraction, competition selects for power rather than what's best
for the group."
Participants are encouraged to think outside the box, challenge
existing social norms and paradigms, and submit proposals that are
cogent, clear, and creative.
"The alienation caused by exclusive stakeholding has been going
on far longer than you might think," added Joon Yun. "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,"
commented Jeremy Yun, Director of
the Yun Family Foundation. "This powerful idea aligned stakeholders
the way genes once did for kin tribes. But these companies did not
include people in distant lands as stakeholders, which led to
imperialism and colonialism. Similarly, companies did not include
their workers as shareholders, leading to the schism of capitalism
and socialism that continues to this day. Against this backdrop,
giving stock to 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."
Innovative ideas, both for-profit and nonprofit, through
official partner organizations are being considered.
"Unless first-order alignment issues are addressed, whack-a-mole
solutions to second-order problems will only create new ones,"
added Conrad Yun. "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. Capitalists think
socialists extract, and socialists think capitalists extract.
Perhaps both would work better through inclusive stakeholding."
Through the competition, a select number of proposals will be
chosen to receive $5,000 awards each.
The awards are granted for the proposal, not for the execution of
the proposal. The deadline for submissions is October 31, and the winners will be notified on
December 1.
"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,"
commented Eric Yun, Director of the
Yun Family Foundation. "Here are some examples. Imagine health
insurers being rewarded based on people's healthcare savings ten
years down the road. Imagine teachers similarly being rewarded in
token amounts on the blockchain based on their students'
contributions to the world in ten years down the road. Imagine
machine learning algorithms tuned to the success of users rather
than maximization of profit. Instead of universal basic income,
imagine universal basic stakeholding, where we all have a stake in
one another's future."
"I'm sure each of you can think of many more possibilities, and
we all are aligned with the success of one another's ideas," added
Jeremy Yun. "If we succeed in this
vision for humanity, our transformative journey from the kin
village to the global village will be complete. Whereas
malalignment with competition is a race to the bottom, alignment
with competition is a race to the top. Instead of a world where
history is written by the victors, imagine a world where history is
made by helping others win."
For additional information, see the Incentive Prize on
Incentives website.
http://www.incentiveprizeonincentives.org/
SOURCE Yun Family Foundation