Smarter Markets - Robert Friedland: Envisioning commodities graded & traded on how responsibly they're produced

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 28 November 2020

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

Billionaire Canadian financier Robert Friedland headlines the inaugural episode of Smarter Markets, and shares a vision of commodities being graded based on how responsibly they were produced with regard to ESG priorities, thus allowing free market price discovery to determine a market premium to reward responsible producers of metals and other commodities which have historically had an adverse environmental impact.. Robert goes on to share his vision for how a distributed ledger (blockchain) could be used to hold commodity producers to account and assure buyers of commodities that they've received the full and true details of how those commodities were produced.

Transcript

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0:00.0	Welcome to Smarter Markets, a free weekly podcast featuring stories from the entrepreneurs
0:07.2	and icons of commodities, capital markets and technology,
0:11.2	ranting on the inadequacies of our systems and riffing on ideas for how to solve them.
0:16.1	Together we explore the questions, is capitalism in crisis and will building smarter markets
0:22.1	be the antidote?
0:24.0	And now here's your host, Eric Townsend.
0:29.8	Welcome to the inaugural episode of Smarter Markets, a free weekly podcast made possible
0:35.8	by a grant from Abbex Technologies.
0:38.4	I'm your host, Eric Townsend.
0:40.6	We're putting this first inaugural episode of Smarter Markets in your macro voices feed
0:45.7	so that you won't miss this new podcast.
0:48.3	But in order to receive future episodes, you'll need to separately subscribe to Smarter
0:53.5	Markets.
0:54.5	If you have a search for Smarter Markets in your podcast app or go to macrovoices.com forward
0:59.6	slash Smarter Markets for more information.
1:03.3	I was a software technologist in my first career, and quite frankly, I'm appalled by how
1:08.6	badly the finance industry has failed to embrace technology to improve the design of financial
1:14.9	markets.
1:15.9	Today, we face a crisis in capitalism.
1:19.8	Where generations are questioning whether socialism would be a better system to adopt.
1:24.9	Now I don't think socialism is the answer, but it's clear that something is broken and
1:29.8	needs to change.
	...

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