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The word \u2018capitalism\u2019 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, \u201cthe father of British venture capital\u201d 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.\xa0Order Sir Ronald Cohen\u2019s new book, Impact (all proceeds donated to impact charities): https://www.amazon.co.uk/Impact-Reshaping-capitalism-drive-change/dp/1529108055/\xa0\n\nSHOW NOTES: \nImpact Investing | Sir Ronald explains what\u2019s reshaping a new economic system [1:57] \nComing to Britain | Sir Ronald reveals how he moved from Egypt and ended in Britain [4:48] \nVenture Capital | An overview of how venture capitalism came to be and what it is [7:23] \nSocial Impact | Getting an accurate view of a company\u2019s impact not just profits [9:41] \nDeciding | Sir Ronald gives tips on what to look for evaluating a company\u2019s impact [12:47] \nRedistributed Wealth | Why redistributed wealth is needed, but it\u2019s not enough [15:30] \nPoverty Problem | Sir Ronald discusses what\u2019s been missing from solution [18:20] \n1800 Companies | The $3 trillion environmental damage being measured [21:28] \nCapitalism | Sir Ronald breaks down capitalism driven by profit and social impact [28:05] \nCommunism | Setbacks of communism and how increased prosperity redistributed is better\xa0[32:30] \nTurning Point | Recognizing social problems and having technology to measure impact [34:59] \nStriving | Sir Ronald introduces human nature to strive for money & quality of life [42:14] \nRe-Skill | Sir Ronald identifies why opportunities for new skills is part of the system [45:12]\xa0\n\nCheck out our Sponsors \nLMNT: 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 \nBlinkist: Go to https://blinkist.com/impact Try it FREE for 7 days and save 25% off your new subscription. \nBetter Help: Get 10% off your first month at https://betterhelp.com/impacttheory \n\nAre You Ready for EXTRA Impact?\nIf you\u2019re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.\nWant to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.\xa0\nThis is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.\nSubscription Benefits:\n\nUnlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more\n\nNew episodes delivered ad-free\n\nExclusive access to Tom\u2019s AMAs, keynote speeches, and suggestions from his personal reading list\n\nYou\u2019ll 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:\n\n\nLegendary Mindset: Mindset & Self-Improvement\n\n\nMoney Mindset: Business & Finance\n\n\nRelationship Theory: Relationships\n\n\nHealth Theory: Mental & Physical Health\n\n\nPower Ups: Weekly Doses of Short Motivational Quotes\xa0\n\nSubscribe on Apple Podcasts: https://apple.co/3PCvJaz\nSubscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices