Why is the U.S. Is One of the Most Unequal Countries on the Planet?

One key factor is a fundamental shift in nature of the economy.

Steve Denning’s Forbes article, “Roger Martin: How ‘The Talent’ Turned Into Vampires” also sheds light on why we need to rethink our education paradigms:
How did America—a country dedicated to the proposition that all men are created equal—become one of the most unequal countries on the planet? Why do the nation’s leaders now spend so much of their time feeding at the trough and getting ever more for themselves? Why has public-mindedness in our leaders given way in so many instances to limitless greed?
These questions are being raised, not in some anti-capitalist rag from the extreme Left, but in the staid pro-business pages of the Harvard Business Review, in a seminal article by Roger Martin, the former dean of the Rotman School of Business and the academic director of the Martin Prosperity Institute: “The Rise and (Likely) Fall of the Talent Economy.
One key factor, argues Martin, is a fundamental shift in nature of the economy. Fifty years ago, “72% of the top 50 U.S. companies by market capitalization still owed their positions to the control and exploitation of natural resources.” But in the latter part of the 20th century, a new kind of organization began to emerge: an organization that prospered not by natural resources but through “the control and exploitation of human talent.”
“By 2013 more than half of the top 50 companies were talent-based, including three of the four biggest: Apple, Microsoft, and Google. (The other one was ExxonMobil.) Only 10 owed their position on the list to the ownership of resources. Over the past 50 years the U.S. economy has shifted from financing the exploitation of natural resources to making the most of human talent.”
This inequality is also addressed in a new book, The Vanishing Middle Class: Prejudice and Power in a Dual Economy, by Peter Temin, an economist from MIT. Temin argues that, following decades of growing inequality, America is now left with what is more or less a two-class system: One small, predominantly white upper class that wields a disproportionate share of money, power, and political influence and a much larger, minority-heavy (but still mostly white) lower class that is all too frequently subject to the first group’s whims.

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I Could Be… The Documentary

Chess in the Park
Saturday, September 30th – Morningside Park
Monday, October 9th – New Rochelle, NY [Columbus Day]
Want Your Children to Succeed?

I Could Be... The Documentary

I could be a congresswoman
Or a garbage woman or
Police officer, or a carpenter
I could be a doctor and a lawyer and a mother
And a good God woman what you’ve done to me
Kind of lover I could be
I could be a computer analyst,
The Queen with the nappy hair raising her fist
Or I could be much more and a myriad of this
Hot as the summer, sweet as the first kiss
And even though I can do all these things…
~ Jill Scott

Prince Van Jones

Where are the black and brown Mark Zuckerbergs? That was essentially the question — the challenge — that the late musician Prince asked Van Jones, civil rights activist, founder of the Dream Corps, and host of CNN’s The Messy Truth with Van Jones.
Prince was a great musician

“Prince came in, and he said to the labels, ‘Do not try to just put me with the urban group; I want the world. I want to be with the pop staff. I’m going to make rock and roll, as well as soul, as well as funk…I don’t want to just go to Soul Train, I don’t want to just open up for Rick James, I want to be on Dick Clark.’”

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Our Children Are Underserved by Schools

Chess in the Park
Saturday, September 30th – Morningside Park
Monday, October 9th – New Rochelle, NY [Columbus Day]
Want Your Children to Succeed?

Billionaire chess

All children and especially children of color are underserved by our educational system. This is no accident. It is by design.
Understanding why our children are underserved by schools, requires learning the real history of modern schooling. The real makers of modern schooling weren’t at all who we think.
Cotton Mather Not Cotton Mather
or Horace Mann Horace Mann
John Dewey or John Dewey.

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Where Are the Black and Brown Mark Zuckerbergs?

Chess in the Park
Saturday, September 30th – Morningside Park
Monday, October 9th – New Rochelle, NY [Columbus Day]
Want Your Children to Succeed?

Billionaire chess

Where are the black and brown Mark Zuckerbergs? That was essentially the question — the challenge — that the late musician Prince asked Van Jones, civil rights activist, founder of the Dream Corps, and host of CNN’s The Messy Truth with Van Jones.

Prince Van Jones

What we need to understand is that when Mark Zuckerberg was about eleven, his parents hired a computer tutor, a software developer named David Newman, who came to the house once a week to work with Mark. “He was a prodigy,” Newman told The New Yorker writer Jose Antonio Vargasme. “Sometimes it was tough to stay ahead of him.” (Newman lost track of Zuckerberg and was stunned when he learned from the interview that his former pupil had built Facebook.) Soon thereafter, Mark started taking a graduate computer course every Thursday night at nearby Mercy College.

Mark Zuckerberg
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Millionaire Freestyle Chess & The Future of Investing

How did America—a country dedicated to the proposition that all men are created equal—become one of the most unequal countries on the planet? Why do the nation’s leaders now spend so much of their time feeding at the trough and getting ever more for themselves? Why has public-mindedness in our leaders given way in so many instances to limitless greed?

Michael Mauboussin

Michael Mauboussin, managing director and head of Global Financial Strategies at Credit Suisse, wrote an report exploring:
[T]he applicability of freestyle chess to the world of investing, where fundamental analysts are “man” and quantitative analysts are “machine.” More pointedly, might there be a way that investors can combine the strengths of fundamental and quantitative analysis while sidestepping the weaknesses?

Millionaire Freestyle Chess

After witnessing the great success of the PRO Chess league:
As the number of spectators swelled to more than 6,000 this past Sunday during the final, the success of the league was even greater than the founders had imagined, according to Grandmaster (GM) Alejandro Ramirez. “The number of viewers showed that chess can compete with any eSport,” said Ramirez.
We are developing the idea of a Millionaire Freestyle Chess Tournament as a vehicle of exploring better investment strategies, in addition to exploring Garry Kasparov’s ideas of using the decision-making process of chess as a model for understanding and improving our decision-making everywhere else and how we have discarded innovation and creativity in exchange for a steady supply of marketable products.

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Want Your Children to Succeed?

Teach Them Chess & Computer Programming!
Top 5 Billionaires

According to studies:
  • Chess boosts brain power in kids.
  • Chess improves IQ.
  • Chess enhances arithmetical skills.
  • Chess hones verbal skills.
  • Chess sharpens critical thinking skills.
  • Chess boosts emotional intelligence and psycho-social skills.
Bill Gates, Albert Einstein, William Shakespeare, Napoleon Bonaparte, Winston Churchill, Will Smith, Bono, and Madonna were or are avid chess players. Tennis legend and six-time Grand Slam singles champion Boris Becker said:
“I used to prepare for my tennis matches by playing chess, and it would get my mind stimulated and focused before going on court. It was essentially a mental warm-up.”

Bezos, Obama, Zuckerberg, and Gates playing chess

And learning computer programming has never been more important. According to Douglas Rushkoff, author of Program or Be Programmed:
When human beings acquired language, we learned not just how to listen but how to speak. When we gained literacy, we learned not just how to read but how to write. And as we move into an increasingly digital reality, we must learn not just how to use programs but how to make them. In the emerging, highly programmed landscape ahead, you will either create the software or you will be the software. It’s really that simple: Program, or be programmed.
Zuckerber & Carlsen

Co-founder, Chairman, and CEO of Facebook Mark Zuckerberg playing World Chess Champion Magnus Carlsen. As of March 27, 2017, Facebook stock is trading at $139 per share which makes Zuckerberg’s stake worth $58.6 billion.

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Interview with Educator Dr. Steve Perry (Part I)

Dr. Steve is founder of Capital Preparatory Schools which included Capital Prep Harlem and Capital Prep Harbor in Bridgeport, Connecticut. He also founded the Capital Preparatory Magnet School in Hartford, Connecticut.
Dr. Perry has been featured on MSNBC, Fox, CNN, Al Jazeera, TV One, BET and NBC as well as on the Oprah Winfrey network in multiple shows.

Terrance Jackson: What would you like people to know about Capital Prep Harlem?
Dr. Steve Perry: I would like them to know that it is a year-round college preparatory grade 6-12 school with a theme of social justice and the expectation that every single child that graduates will go on to a 4 year college.

TJ: What was it like working with Sean “P Diddy” Combs?
SP: We still work together, so it’s good. It gave me the opportunity to have somebody that I deeply respect from another industry. Learn from some of the things that he’s done to build out his organization and to provide for the community. And to be able to share what it is that I learned as it specifically relates to children and how we have grown our model to support the community.

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