The word ‘capitalism’ seems to make some people happy, while making others cringe. The U.S. started as a capitalist society and has evolved into a mix of capitalism and socialism. As society and technology evolves, how should our economic system evolve in response? In this episode, Sir Ronald Cohen, “the father of British venture capital” speaks with Tom about the importance of social impact and what impact investing is evolving into and how it can change the social world for the better. Creating systems that support entrepreneurs, venture capitalists, and social responsibility of big companies is just the tip of a massive iceberg. Listen in to see how this all ties into our natural desire to evolve and strive for more than just money. Order Sir Ronald Cohen’s new book, Impact (all proceeds donated to impact charities): https://www.amazon.co.uk/Impact-Reshaping-capitalism-drive-change/dp/1529108055/  SHOW NOTES: Impact Investing | Sir Ronald explains what’s reshaping a new economic system [1:57] Coming to Britain | Sir Ronald reveals how he moved from Egypt and ended in Britain [4:48] Venture Capital | An overview of how venture capitalism came to be and what it is [7:23] Social Impact | Getting an accurate view of a company’s impact not just profits [9:41] Deciding | Sir Ronald gives tips on what to look for evaluating a company’s impact [12:47] Redistributed Wealth | Why redistributed wealth is needed, but it’s not enough [15:30] Poverty Problem | Sir Ronald discusses what’s been missing from solution [18:20] 1800 Companies | The $3 trillion environmental damage being measured [21:28] Capitalism | Sir Ronald breaks down capitalism driven by profit and social impact [28:05] Communism | Setbacks of communism and how increased prosperity redistributed is better [32:30] Turning Point | Recognizing social problems and having technology to measure impact [34:59] Striving | Sir Ronald introduces human nature to strive for money & quality of life [42:14] Re-Skill | Sir Ronald identifies why opportunities for new skills is part of the system [45:12]  Check out our Sponsors LMNT: Go to drinkLMNT.com/Impact to get your sample pack for the cost of shipping. Only $5 for U.S. orders. Indeed: Get a FREE $75 CREDIT to upgrade your job post at indeed.com/IMPACT Blinkist: Go to https://blinkist.com/impact Try it FREE for 7 days and save 25% off your new subscription. Better Help: Get 10% off your first month at https://betterhelp.com/impacttheory Are You Ready for EXTRA Impact? If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.  This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. Subscription Benefits: Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more New episodes delivered ad-free Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more: Legendary Mindset: Mindset & Self-Improvement Money Mindset: Business & Finance Relationship Theory: Relationships Health Theory: Mental & Physical Health Power Ups: Weekly Doses of Short Motivational Quotes  Subscribe on Apple Podcasts: https://apple.co/3PCvJaz Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices