full transcript
From the Ted Talk by Paul Tudor Jones II: Why we need to rethink capitalism
Unscramble the Blue Letters
In all fairness, when I started writing this, I thought, "Oh wow, what does my company, what does Tudor do?" And I realized we give one percent of corporate profits to cthriay every year. And I'm supposed to be a ppsnlhorthiiat. When I realized that, I literally wanted to throw up. But the point is, this mania is so deeply eceehntnrd that well-intentioned people like myself don't even rlaieze that we're part of it.
Now, we're not going to change corporate behavior by simply iernsiancg corporate philanthropy or charitable cironotinbuts. And oh, by the way, we've since quadrupled that, but — (Applause) — Please. But we can do it by dnviirg more just behavior. And one way to do it is actually trusting the system that got us here in the first pacle, and that's the free market system. About a year ago, some friends of mine and I started a not-for-profit cllaed Just Capital. Its mission is very simple: to help companies and corporations learn how to operate in a more just fashion by using the public's input to define exactly what the criteria are for just cpoorarte baoeihvr. Now, right now, there's no widely accepted standard that a company or corporation can follow, and that's where Just Capital comes in, because beginning this year and every year we'll be conducting a nationwide survey of a rianespvtreete sample of 20,000 Americans to find out exactly what they think are the crteriia for justness in corporate behavior. Now, this is a moedl that's going to start in the United States but can be expanded anywhere around the globe, and maybe we'll find out that the most important thing for the public is that we create lvinig wage jobs, or make healthy products, or help, not harm, the environment. At Just Capital, we don't know, and it's not for us to decide. We're but messengers, but we have 100 pnerect coniedcfne and faith in the American public to get it right. So we'll release the findings this September for the first time, and then next year, we'll poll again, and we'll take the additive step this time of ranking the 1,000 largest U.S. companies from nmbeur one to number 1,000 and everything in between. We're cnilalg it the Just Index, and remember, we're an independent not-for-profit with no bias, and we will be giving the American public a voice. And maybe over time, we'll find out that as people come to know which companies are the most just, human and economic resources will be driven towards them, and they'll become the most prosperous and help our country be the most prosperous.
Open Cloze
In all fairness, when I started writing this, I thought, "Oh wow, what does my company, what does Tudor do?" And I realized we give one percent of corporate profits to _______ every year. And I'm supposed to be a ______________. When I realized that, I literally wanted to throw up. But the point is, this mania is so deeply __________ that well-intentioned people like myself don't even _______ that we're part of it.
Now, we're not going to change corporate behavior by simply __________ corporate philanthropy or charitable _____________. And oh, by the way, we've since quadrupled that, but — (Applause) — Please. But we can do it by _______ more just behavior. And one way to do it is actually trusting the system that got us here in the first _____, and that's the free market system. About a year ago, some friends of mine and I started a not-for-profit ______ Just Capital. Its mission is very simple: to help companies and corporations learn how to operate in a more just fashion by using the public's input to define exactly what the criteria are for just _________ ________. Now, right now, there's no widely accepted standard that a company or corporation can follow, and that's where Just Capital comes in, because beginning this year and every year we'll be conducting a nationwide survey of a ______________ sample of 20,000 Americans to find out exactly what they think are the ________ for justness in corporate behavior. Now, this is a _____ that's going to start in the United States but can be expanded anywhere around the globe, and maybe we'll find out that the most important thing for the public is that we create ______ wage jobs, or make healthy products, or help, not harm, the environment. At Just Capital, we don't know, and it's not for us to decide. We're but messengers, but we have 100 _______ __________ and faith in the American public to get it right. So we'll release the findings this September for the first time, and then next year, we'll poll again, and we'll take the additive step this time of ranking the 1,000 largest U.S. companies from ______ one to number 1,000 and everything in between. We're _______ it the Just Index, and remember, we're an independent not-for-profit with no bias, and we will be giving the American public a voice. And maybe over time, we'll find out that as people come to know which companies are the most just, human and economic resources will be driven towards them, and they'll become the most prosperous and help our country be the most prosperous.
Solution
- behavior
- percent
- philanthropist
- confidence
- criteria
- number
- entrenched
- charity
- representative
- contributions
- called
- increasing
- living
- model
- corporate
- realize
- place
- calling
- driving
Original Text
In all fairness, when I started writing this, I thought, "Oh wow, what does my company, what does Tudor do?" And I realized we give one percent of corporate profits to charity every year. And I'm supposed to be a philanthropist. When I realized that, I literally wanted to throw up. But the point is, this mania is so deeply entrenched that well-intentioned people like myself don't even realize that we're part of it.
Now, we're not going to change corporate behavior by simply increasing corporate philanthropy or charitable contributions. And oh, by the way, we've since quadrupled that, but — (Applause) — Please. But we can do it by driving more just behavior. And one way to do it is actually trusting the system that got us here in the first place, and that's the free market system. About a year ago, some friends of mine and I started a not-for-profit called Just Capital. Its mission is very simple: to help companies and corporations learn how to operate in a more just fashion by using the public's input to define exactly what the criteria are for just corporate behavior. Now, right now, there's no widely accepted standard that a company or corporation can follow, and that's where Just Capital comes in, because beginning this year and every year we'll be conducting a nationwide survey of a representative sample of 20,000 Americans to find out exactly what they think are the criteria for justness in corporate behavior. Now, this is a model that's going to start in the United States but can be expanded anywhere around the globe, and maybe we'll find out that the most important thing for the public is that we create living wage jobs, or make healthy products, or help, not harm, the environment. At Just Capital, we don't know, and it's not for us to decide. We're but messengers, but we have 100 percent confidence and faith in the American public to get it right. So we'll release the findings this September for the first time, and then next year, we'll poll again, and we'll take the additive step this time of ranking the 1,000 largest U.S. companies from number one to number 1,000 and everything in between. We're calling it the Just Index, and remember, we're an independent not-for-profit with no bias, and we will be giving the American public a voice. And maybe over time, we'll find out that as people come to know which companies are the most just, human and economic resources will be driven towards them, and they'll become the most prosperous and help our country be the most prosperous.
Frequently Occurring Word Combinations
ngrams of length 2
| collocation |
frequency |
| income inequality |
4 |
| corporate behavior |
3 |
| free market |
2 |
| corporate profit |
2 |
| profit margins |
2 |
| united states |
2 |
| deeply entrenched |
2 |
| american public |
2 |
Important Words
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