(Menlo Park, CA) As a non-profit organization, 501 c-3, the Yun Family Foundation aims at positive changes in people’s lives. The aforementioned, is accomplished by transforming the way people think. Recently, the Yun Family Foundation announced that, it has published a book. The recently published book is entitled, Interdependent Capitalism: Redesigning the Social Contract through Inclusive Stakeholding. For this book, three high ranking members of the Yun Family Foundation, are the authors. The high ranking members; or authors are Conrad Yun, Jeremy Yun and Joon Yun.
Conrad Yun, Jeremy Yun and Joon Yun as authors; all aimed at contributing to the following concept. The concept is the inclusive stakeholding initiative. The previously said; is an effort to nurture social innovations that, incorporate vested interests in the success of others, as a way of promoting the greater good. Additionally, the inclusive stakeholding initiative concept, is championed by the Yun Family Foundation. As a result a book entitled, Interdependent Capitalism: Redesigning the Social Contract through Inclusive Stakeholding, was the logical next step.
The authors of the aforementioned book, did release a press statement. Speaking in reference to the concepts and ideas that comprise the book, and, the inclusive stakeholding initiative concept; the book’s authors spoke about the following. Conrad Yun is the Executive Director of the Yun Family Foundation. Through a press statement, Mr. Conrad Yun said the following. “In the prehistoric age, we all lived in kin tribes. Genetic alignment of interests deterred self-dealing and incentivized altruistic behaviors—something biologists call Hamilton’s rule. Today, while the nuclear family persists, the roles once played by our extended kin are often played by strangers who don’t have kin skin in the game. As a result, self-dealing has proliferated not only in our social, political, and economic institutions but also in neighborhoods and communities.” Mr. Conrad Yun also said. “Health insurers are not currently incentivized to invest in their clients’ long term health. But imagine these companies having a vested interest, through smart contracts on the Blockchain, in the health savings of clients ten years down the road. Imagine designing smart contracts on the Blockchain that allow students to reward teachers throughout life as a way to create vested interests.”
Jeremy Yun is a Director at the Yun Family Foundation. Through a press statement, Mr. Jeremy Yun said the following. “Without mutually vested interest in each other’s success, perverse incentives undermine our social contract everywhere. A government of checks and balances becomes a system of checks written to account balances of politicians. Socialism and capitalism both fail when behaviors are extractive. The Declaration of Independence was no doubt a monumental event. But how do we reconcile the celebration of independence with the reality that Britain is now a close ally in the emerging global village?” Mr. Jeremy Yun also said. “People will realize that it’s really about the appreciation—in both senses of the word—even if it’s a ‘token’ amount. Instead of a world where history is written by the victors, imagine a world where history is made by helping each other win.”
Joon Yun is a Principal at the Yun Family Foundation. Additionally, Joon Yun is the President of Palo Alto Investors. Through a press statement, Joon Yun said the following. “We need to develop social algorithms of inclusive stakeholding modeled after bioalgorithms of inclusive fitness. Of all the compelling possibilities, one stands above all: Interdependent Capitalism. We believe that rewiring human incentives around mutually vested interests in each others’ success will be the key innovation in creating a better world. This book is about how we will write that story together. Whereas misalignment with competition is a race to the bottom line, alignment with competition is a race to the top. If we succeed, our transformative journey from the kin village to the global village will be complete.”
To end, the premise of the book is also centered on, a past research paper initiative. The research paper initiative, which has passed, is mostly made up of a research paper contest. The topic for the research paper contest was, Inclusive Stakeholding: Reimaging Incentives to Promote the Greater Good. The research paper contest; was conducted through the Blockchain for Good section, of the academic journal Frontiers in Blockchain. The website for the previous is, Frontiersin.org. As previously stated, the Yun Family Foundation recently announced that, it has published a book. The recently published book is entitled, Interdependent Capitalism: Redesigning the Social Contract through Inclusive Stakeholding. For this book, three high ranking members of the Yun Family Foundation, are the authors. The high ranking members; or authors are Conrad Yun, Jeremy Yun and Joon Yun. Lastly, the Yun Family Foundation is located in San Mateo, California U.S.A. The website is, Yunfamilyfoundation.org.
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Written from Press Release
Registered Writer with
PR Newswire Association, LLC
R-Berumen28
03/06/2019
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