Ted Tuesday: Without Self-Meaning, Money Means Nothing

"This is the battle cry of the millennial generation who is shaping the future of the workplace, here at FSO, and everywhere."

Good Morning Folks,

When I shared a Wharton Americus Reed, II's (the Whitney M. Young Jr., Professor of Marketing at the Wharton School, University of Pennsylvania) take on today's TED Talk on LinkedIn, a colleague  stood up and took immediate notice.

Her takeaway was that money, in the abstract, is meaningless. Just chits on the digital page, dollars in the trading account.

It's a tool, like a hammer.

A hammer is meaningless until you lift it and build a house, or smash a skull. A hammer can be good, or bad.

Likewise, money.

It means nothing until you do something with it.

Bad, frivolous, or good.

Opined Professor Reed in a Huffington Post review of this Ted talk, "If I had a dime for every business student who entered my office; lamenting the self-described drudgery that is their work-life. They thought that a career on Wall Street or in heavy duty consulting would bring that pristine pot of gold. They were right. And wrong. Yes, those hundred plus hour weeks catapult you into that illusive 5% earner stratosphere. But if I had a dime for every student who would later confide in me: "it just was not fulfilling," ironically, I would be as wealthy as the financial institutions from which they feverishly depart.

"

Enter social psychologist Paul Piff and his provocative TEDx talk "Does money make you mean?" Sixteen and a half minutes of summarized laboratory and field data show an association between wealth, and lack of compassion, empathy and pro-social motivation.

It's amazing what a rigged game of Monopoly can reveal. In this entertaining but sobering talk, social psychologist Paul Piff shares his research into how people behave when they feel wealthy. (Hint: badly.) But while the problem of inequality is a complex and daunting challenge, there's good news too. (Filmed at TEDxMarin.)



Professor Reed, II observes, "This Isn't Your Father's Business Person Identity--therein lies the paradigm shift. There is a new model of business and business student afoot: The student who enters my office with a deep passion to do two things. Make money and do good. Business schools are "rebranding" themselves to welcome this new identity. It's being called "social impact." The identity of the student, who has realized that mindless self-investment into the false idol of material things for their sake, is an empty void--a fast track to an empty soul--is changing. Business students are becoming much more aware, and self-reflective."

This is the battle cry of the millennial generation who is shaping the future of the workplace, here at FSO, and everywhere.

Watch the short 16 minute presentation and see if you don't agree.

Whatever your takeaway is, it takes a brave person to take on the Corporate interests in today's world, because they are global and pernicious - just like they have always been. Bravo Paul for helping us (re)IMAGINE new and different possibilities.

Let’s have some fun.. ITS OUR TIME, together we can do it.

Mitchell D. Weiner

Chief Happiness Officer  

Ideas are not set in stone. When exposed to thoughtful people, they morph and adapt into their most potent form. TED Tuesdays on MitchWeiner.com highlights some of today's most intriguing ideas. Look for more talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more— HERE.