Envisioning a Trustworthy Civilization: A Conversation with George Kinder on Fiduciary Principles
In this episode of the Mindful Money Podcast, Jonathan hosts George Kinder to discuss the potential of applying fiduciary principles—putting clients' interests first—beyond financial advice to all institutions, including corporations and governments. George shares his journey and vision for a more humane and trustworthy world, inspired by lessons from the 2008 financial crisis and his global experiences. The conversation dives into systemic changes needed, the feasibility of such transformations, and how these ideas align with and challenge current capitalistic frameworks. George advocates for a grassroots movement driven by these principles, hinting at a future where enhanced trust and ethical standards in all institutions could lead to a more entrepreneurial and sustainable global society.
00:00 Introduction to a Humane and Trustworthy Society
00:48 Welcoming George Kinder and His Vision
00:54 The Fiduciary Standard Beyond Finance
02:09 George's Global Startup and Poetry
03:47 The Three Domains of Freedom
05:24 A Golden Civilization: Global Insights
06:43 Challenges and Philosophical Perspectives
09:35 Defining Fiduciary in All Things (FIAT)
13:15 Human Nature and Systemic Change
17:12 Examples and Practical Applications
21:52 Concerns and Resistance to Change
24:28 Redefining Corporate Greed
26:20 The Role of Truth in Democracy
28:28 Navigating the Complexity of Truth
30:00 The Bell Curve of Truth
32:56 Challenges and Resistance
34:48 The Vision for a Trustworthy World
39:27 Sustainable Business Practices
41:32 Spreading the Mission
46:35 Conclusion and Call to Action
ABOUT MINDFUL MONEY:Do you struggle with money? You’re not alone.Money is a means, not an end. It’s a necessity of life for sure, but more money does not always guarantee a “good life”. Money enables many aspects of modern life, but as a dominant consideration, it becomes destructive.The paradox is that more time and energy spent on personal finance does NOT create better outcomes. Unlike many other parts of life, we can’t create better outcomes by being smarter, spending more time, or putting in more effort.Join Mindful Money author and experienced 40-year investor Jonathan DeYoe as he shares stories from artists, authors, entrepreneurs, and other advisors about how they mindfully minimize their need to think about money and get more out of life.If you aren’t happy with your finances, feel like money takes more time than it should, or want to place your financial decisions into the broader context of your life, this show is for you.Each episode will draw the line between the “enough” activities that the academics tell us are additive to family outcomes, and those “little bit more” efforts that take time and sap energy but do NOT improve outcomes.MINDFUL MONEY RESOURCES:Website: https://mindful.moneyJonathan DeYoe on LinkedIn: / jonathandeyoe Mindful Money on X / Twitter: https://x.com/MindfulMoney_EdMindful Money on Facebook: / mindfulmoneyplan Mindful Money on Instagram: / mindfulmoneyplan Mindful Money on YouTube: / @mindfulmoney 🎙️Podcast Production by Spoken Podcasts: https://spokenpodcasts.com