#173 Yancey Strickler on Why It's Time to Re-Evaluate the Economy | Impact Theory
On this episode of Impact Theory with Tom Bilyeu, Kickstarter co-founder Yancey Stickler argues that capitalism is good but incomplete, and that we need to expand our definition of self-interest. He shares the story of Kickstarter’s founding and explains why they became a public benefit corporation, describes his philosophy of Bentoism, and details the path to self-coherence.
SHOW NOTES:
Yancey tells the story of how he became an entrepreneur [1:23]
Yancey explains that they never wanted to sell Kickstarter [5:48]
Yancey describes the reasoning behind a public benefit corporation [9:08]
What happens when values become central instead of being a passive guardrail [11:51]
Being obsessed with financial growth leads to an existential crisis [13:30]
Financial value is important, but it’s better to optimize for other values [16:52]
Tom and Yancey discuss how recent the prioritization of financial optimization is [19:31]
Stakeholder capitalism means you make decisions based on everyone involved [23:16]
Yancey describes his intellectual path to bentoism [28:29]
What does it mean to be “self-coherent?” [35:51]
Yancey’s grid of “now me,” “now us”, “future me”, and “future us” is his life user interface [41:41]
How do you deal with internal conflicts in Bentoism? [43:27]
Yancey wants to expand our definition of self-interest [48:03]
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FOLLOW:
WEBSITE: ystrickler.com
BENTOISM: bentoism.org
INSTAGRAM: https://bit.ly/3fXSUZ0
TWITTER: https://bit.ly/2ThOVwI
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