Social Progress Index – A New Standard to Rank Societies

Michael Green

Michael Green

Michael Green has created the Social Progress Index, a standard to rank societies based on how they meet the needs of citizens.

A better & revolutionary way to evaluate the “Well-Being” of a society.

SPI based on 3 components
SPI based on 3 components

In his book Philanthrocapitalism (co-authored with Economist business editor Matthew Bishop), Michael Green defined a new model for social change built on partnerships between wealthy businesses, governments and community organizations. Shortly thereafter, Bishop floated the idea of a “Social Competiveness Index,” the idea that one day countries would compete with one another to be the most socially advanced, in the same way as they now compete to be economic top dog. Green loved it and decided to turn it into reality.

Teaming up with Avina’s president Brizio Biondi-Morra, Sally Osberg of the Skoll Foundation and many other thought leaders from businesses and foundations, he began work on what would become the Social Progress Imperative, of which he’s now CEO. Later they were joined by Harvard management guru Michael E. Porter, who became chairman of the SPI’s advisory board. The first Social Progress Index was published this year.

Ranking of Countries based on SPI
Ranking of Countries based on SPI

The term Gross Domestic Product (GDP) is often talked about as if it were “handed down from god on tablets of stone.” But this concept was invented by an economist in the 1930s, (& IT’S KIND OF BECOMING IRRELEVANT IN THE 21ST CENTURY). We need a more effective measurement tool to match 21st century needs, says Michael Green: the Social Progress Index. With charm and wit, he shows how this tool measures societies across the three dimensions that actually matter (See Chart Below). And reveals the dramatic reordering of nations that occurs when you use it.

TED- Social Progress Index

Listen to what he has to say about Social Progress Index at TED Talk on

11 November 2014

http://www.ted.com/talks/michael_green_what_the_social_progress_index_can_reveal_about_your_country?utm_source=newsletter_daily&utm_campaign=daily&utm_medium=email&utm_content=button__2014-11-11

Global Financial Tsunami

By P Chong     Mon. 15 August 2011

Not since 1917 has the United States of America been faced with the downgrading of its Credit Rating until this fateful Friday on 5 August 2011 from its AAA standing to AA+. Standard & Poor’s well justified its action evidently by US’ ceaseless mounting national debt & its inability to pay.

David Walker, former US Comptroller General, says he’s not surprised that Standard and Poor’s downgraded the U.S. credit rating for the first time in history.

There’s no doubt that these are tough times.

Europe and the US are both wrestling with the reverberations of the GFC as the various governments on either side of the Atlantic confront the reality that throughout 2008 and 2009 they were obliged to bail out the privately run financial miscreants with massive injections of taxpayer moneys, just to prevent a complete meltdown of the global financial system. It has been a close-run thing, and the latest aftershocks are an indicator that we have further to go. (National Times AU).

Setting aside all political rhetoric, just through simple common sense of the “Man in the Street” as against the “Men in Wall Street” – great financial wizards or more correctly manipulators & crooks, the game of living it up beyond the economic limit cannot go on & on. The world at large cannot be held at bondage to keep on supporting the glamour & luxuries that’s been put on show.

  • Robbing Peter to pay Paul

  • Cutting the cloth according to your fit

  • Simple economic rule of supply & demand

  • Over-subscription hits on pride & plight

are all familiar to the layman, but completely thrown out of the window by the game that politicians play!

Take a close look at the above map of “National Debt by Country”. The key to take note is the debt percentage to the GDP (Gross Domestic Product). With the exception of Russia, most of the great rich countries, show a dismal performance in this economic aspect.

They say that the “Gate of Hell” has three main entrances: anger, lust & greed. In this case, GREED is the biggest culprit. The Romans had their fall. Similarly, such fate awaits the mighty & tall. For far too long, US has been pulling the economic wool over the eyes of the world – its currency has no tangible value as backed by gold . . . only the world’s confidence support it as the reserve currency. It’s really “toilet” paper money which US Treasury resorts to printing in plentiful amount in short term measures for long term benefits.

I remember the days during the Japanese Occupation in Malaysia, my father was landed with bags & bags of Japanese notes that were worthless as toilet paper! These days in Zimbabwe, people are going around with bundles of paper money for just daily shopping needs. Want to own a Zimbabwe billion dollar note?

There’s no such thing as being “Too big to fail!”

Without order, chaos will prevail!

Watch out! This financial virus is fast catching on globally!!!