Summary of THE NEW BREED - The Rise of the Social Entrepreneur | CAN MILLENNIALS FIX THE WORLD?

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00:00:00 - 01:00:00

This video discusses the rise of social entrepreneurs and how they are making a difference in the world. It explains how neoliberalism has had a negative impact on the world, and how millennials can help fix it. The video asks viewers to redistribute the beach balls accordingly, with the goal of making the 1% less rich.

00:00:00 This YouTube video is about a social entrepreneur, Muhammad Yunus, who won the Nobel Peace Prize in 2006. The video talks about how social entrepreneurs try to make a difference in the world without using money, and often focus on community or social groups.
00:05:00 The speaker discusses how social entrepreneurship has become important in the modern world, and how they started their own clothing company, Supply, with the goal of humanizing the apparel industry and helping empower women. They also offer a black and pink sock as a way of giving back to the homeless.
00:10:00 This video explains how the profit motive played a role in the 1980s, when CEOs were paid very well and average workers' wages remained flat. Since then, productivity has increased dramatically, but wages have not kept up, meaning that the fruits of workers' labor are going to those at the top.
00:15:00 The presenter explains that modern philanthropy is a blend of the power of business with the goals of philanthropy. Daisy is a brand that employs people in Peru who would otherwise have no opportunity, pays them a fair wage, and strives to be environmentally sustainable. Daisy is a company that stands for a more sustainable future, and is making a difference in the lives of its employees and the environment.
00:20:00 The video discusses the rise of social entrepreneurs, who use their skills to help improve the world. The hardest part is doing everything by oneself, but the most fulfilling part is the donation side. The ultimate goal is to open a factory that makes socks from recycled plastic, as this is one of the most effective ways to reduce plastic pollution in the ocean.
00:25:00 The video discusses poverty, and how the global ethical poverty line is at about five dollars a day. It also discusses how, in the 21st century, more people are living in debilitating poverty, due to the economic exploitation of people in rich countries.
00:30:00 The video discusses the rise of social entrepreneurs, focusing on how millennials can help improve global justice. The presenter explains that Bonfo, a company that manufactures socks for donation to homeless shelters, has been growing rapidly thanks to its direct relationship with its suppliers in China.
00:35:00 The video discusses the rise of the social entrepreneur, or someone who uses their business acumen to solve social problems. Neoliberalism, or the belief that the government should be small and society should be run like a business, is behind this trend. Ronnie Reagan, the 40th president of the United States, and Margaret Thatcher, the Prime Minister of the UK, shared a similar idea. These three ways in which neoliberalism is implemented are privatization, deregulation, and austerity. These policies lead to the erosion of public services, the increase of military spending, and the displacement of the poor and vulnerable.
00:40:00 In this video, the speaker discusses how neoliberalism has had a negative impact on the world, and how millennials can help fix it. They discuss their organization, B Core, and their goal of creating a new, more sustainable form of capitalism. The speaker refers to millennials as a "tiny minority" that can win the "big league" against big corporations.
00:45:00 The video discusses the rise of the social entrepreneur, focusing on the concept of the 99% and the 1%. It explains that, while income inequality has decreased in the past, wealth inequality has increased and the richest one percent of Americans now control 40% of the nation's wealth. The video asks viewers to redistribute the beach balls accordingly, with the goal of making the 1% less rich.
00:50:00 The video discusses the issue of inequality and the fact that there are eight men who have more wealth than 3.8 billion people. It goes on to discuss the transition the company made from designing and developing products to working with brands to remove plastic from their supply chains. The presenter demonstrates the product she is wearing, which is made by a female-owned business and has a mission of empowering women.
00:55:00 The video discusses the generation of millennials and their various differences from older generations. It points out that, despite being the largest generation in America, millennials are actually optimistic and altruistic. They also have a strong belief in business being a force for positive social change.

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The social entrepreneur is someone who has a mission outside of themselves, and customers are drawn to this mission. The video discusses how customers are drawn to the mission, and how the store works to support projects that have a positive impact on the world. Can Millennial, a social entrepreneur, is changing the lives of people in Northern Uganda and leading the charge for a new generation of problem-solvers.