TED2015
Paul Tudor Jones II: Why we need to rethink capitalism
Paul Tudor Jones: Zašto moramo promisliti kapitalizam.
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Paul Tudor Jones II voli kapitalizam. To je sustav koji je tijekom zadnjih nekoliko desetljeća njemu donio puno dobrog. Ipak, upravitelj hedge fonda i čovjekoljubac je zabrinut kako lasersko usredotočenje na dobit, kako on kaže: "prijeti samim temeljima našeg društva." U ovom promišljenom, strastvenom govoru, on ocrtava svoj planirani kontranapad kojem je okosnica koncept pravednosti.
Paul Tudor Jones II - Investor
Paul Jones is founder of Tudor Investment Corporation and an active philanthropist. Full bio
Paul Jones is founder of Tudor Investment Corporation and an active philanthropist. Full bio
Double-click the English transcript below to play the video.
00:13
This is a story about capitalism.
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Ovo je priča o kapitalizmu.
00:16
It's a system I love
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To je sustav koji volim
00:18
because of the successes and opportunities
it's afforded me and millions of others.
it's afforded me and millions of others.
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radi uspjeha i mogućnosti
koje je priuštio meni i milijunima drugih.
koje je priuštio meni i milijunima drugih.
00:23
I started in my 20s trading commodities,
cotton in particular, in the pits,
cotton in particular, in the pits,
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Počeo sam u svojim 20-tima trgujući robom,
posebno pamukom, u rupama,
posebno pamukom, u rupama,
00:30
and if there was ever a free market
free-for-all, this was it,
free-for-all, this was it,
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i ako je ikad bilo slobodnog tržišta
otvorenog za sve, to je bilo to,
otvorenog za sve, to je bilo to,
00:33
where men wearing ties
but acting like gladiators
but acting like gladiators
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gdje su se ljudi sa kravatama
ali i ponašanjem gladijatora
ali i ponašanjem gladijatora
00:37
fought literally
and physically for a profit.
and physically for a profit.
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borili doslovno
i fizički za dobit.
i fizički za dobit.
00:41
Fortunately, I was good enough
that by the time I was 30,
that by the time I was 30,
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Srećom, bio sam dovoljno dobar
da do vremena kad sam imao 30,
da do vremena kad sam imao 30,
00:44
I was able to move into the upstairs
world of money management,
world of money management,
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bilo mi je moguće popeti se
do svijeta upravljanja novcem,
do svijeta upravljanja novcem,
00:48
where I spent the next three decades
as a global macro trader.
as a global macro trader.
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gdje sam proveo slijedeća tri desetljeća
kao globalni makro trgovac.
kao globalni makro trgovac.
00:51
And over that time, I've seen
a lot of crazy things in the markets,
a lot of crazy things in the markets,
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I tijekom tog vremena, vidio sam
puno ludih stvari na tržištima,
puno ludih stvari na tržištima,
00:54
and I've traded a lot of crazy manias.
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i trgovao sam kroz puno ludih manija.
00:59
And unfortunately,
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I nažalost,
01:01
I'm sad to report that right now
we might be in the grips
we might be in the grips
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žao mi je što moram reći
kako smo upravo sada u stisku
kako smo upravo sada u stisku
01:04
of one of the most disastrous,
certainly of my career,
certainly of my career,
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jedne od najrazornijih,
sigurno tijekom moje karijere,
sigurno tijekom moje karijere,
01:08
and one consistent takeaway is
manias never end well.
manias never end well.
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a jedna od dosljednih poslijedica je
kako manije nikad ne završe dobro.
kako manije nikad ne završe dobro.
01:12
Now, over the past 50 years,
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Sad, tijekom zadnjih 50 godina,
01:15
we as a society have come to view
our companies and corporations
our companies and corporations
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mi smo kao društvo počeli gledati
na naše kompanije i korporacije
na naše kompanije i korporacije
01:21
in a very narrow, almost
monomaniacal fashion
monomaniacal fashion
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na vrlo uzak, gotovo
bolesno usredotočen način
bolesno usredotočen način
01:26
with regard to how we value them,
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s obzirom na to kako ih vrednujemo,
01:30
and we have put
so much emphasis on profits,
so much emphasis on profits,
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i stavili smo toliki
naglasak na dobit,
naglasak na dobit,
01:33
on short-term quarterly
earnings and share prices,
earnings and share prices,
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na kratkoročne kvartalne
zarade i cijene dionica,
zarade i cijene dionica,
01:36
at the exclusion of all else.
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do isključenja svega ostalog.
01:39
It's like we've ripped the humanity
out of our companies.
out of our companies.
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Kao da smo otkinuli čovječnost
iz naših kompanija.
iz naših kompanija.
01:44
Now, we don't do that --
conveniently reduce something
conveniently reduce something
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Sad, to ne činimo --
prikladno svesti nešto
prikladno svesti nešto
01:48
to a set of numbers that you
can play with like Lego toys --
can play with like Lego toys --
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na skup brojeva kojima se
možete igrati poput lego kockica --
možete igrati poput lego kockica --
01:51
we don't do that in our individual life.
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ne činimo to u našem osobnom životu.
01:53
We don't treat somebody or value them
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Ne postupamo s nekim ili ih vrednujemo
01:57
based on their monthly income
or their credit score,
or their credit score,
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temeljem njihovih mjesečnih primanja
ili kreditne ocjene,
ili kreditne ocjene,
02:01
but we have this double standard
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ali imamo to dvostruko mjerilo
02:03
when it comes to the way
that we value our businesses,
that we value our businesses,
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kada dođemo do načina
na koji vrednujemo naše poslove.
na koji vrednujemo naše poslove.
02:05
and you know what?
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I znate što?
02:07
It's threatening the very
underpinnings of our society.
underpinnings of our society.
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To prijeti samim
temeljima našeg društva.
temeljima našeg društva.
02:10
And here's how you'll see.
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A evo kako ćete to i vidjeti.
02:11
This chart is corporate profit margins
going back 40 years
going back 40 years
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Ovaj dijagram su korporativne zarade
unazad 40 godina
unazad 40 godina
02:16
as a percentage of revenues,
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kao postotak prihoda,
02:18
and you can see that we're
at a 40-year high of 12.5 percent.
at a 40-year high of 12.5 percent.
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i možete vidjeti da smo na
40-godišnjem vrhu od 12,5 posto.
40-godišnjem vrhu od 12,5 posto.
02:22
Now, hooray if you're a shareholder,
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Sad, hura ako ste dioničar,
02:26
but if you're the other side of that,
and you're the average American worker,
and you're the average American worker,
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ali ako ste druga strana toga,
i ako ste prosječan američki radnik,
i ako ste prosječan američki radnik,
02:30
then you can see it's not
such a good thing.
such a good thing.
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onda možete vidjeti
kako to nije tako dobra stvar.
kako to nije tako dobra stvar.
02:33
["U.S. Share of Income Going to Labor vs.
CEO-to-Worker Compensation Ratio"]
CEO-to-Worker Compensation Ratio"]
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["U.S. udio prihoda koji ide radništvu vs.
omjer kompenzacije uprave i radnika "]
omjer kompenzacije uprave i radnika "]
02:37
Now, higher profit margins
do not increase societal wealth.
do not increase societal wealth.
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Sad, više zarade
ne povećavaju društveno bogatstvo.
ne povećavaju društveno bogatstvo.
02:40
What they actually do is they
exacerbate income inequality,
exacerbate income inequality,
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Ono što zapravo čine je
pogoršavaju nejednakost dohodaka,
pogoršavaju nejednakost dohodaka,
02:45
and that's not a good thing.
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a to nije dobra stvar.
02:48
But intuitively, that makes sense, right?
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Ali intuitivno, to ima smisla, jel tako?
02:50
Because if the top 10 percent
of American families
of American families
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Jer ako gornjih 10% američkih obitelji
02:54
own 90 percent of the stocks,
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posjeduje 90% dionica,
02:56
as they take a greater share
of corporate profits,
of corporate profits,
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dok oni uzimaju veći udio
korporativne dobiti,
korporativne dobiti,
02:59
then there's less wealth left
for the rest of society.
for the rest of society.
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onda ostaje manje bogatstva
za ostatak društva.
za ostatak društva.
03:03
Again, income inequality
is not a good thing.
is not a good thing.
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Ponovo, nejednakost dohotka
nije dobra stvar.
nije dobra stvar.
03:06
This next chart,
made by The Equality Trust,
made by The Equality Trust,
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Slijedeći dijagram,
napravljen od Equality Trusta,
napravljen od Equality Trusta,
03:08
shows 21 countries from Austria
to Japan to New Zealand.
to Japan to New Zealand.
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pokazuje 21 zemlju od Austrije
preko Japana do Novog Zelanda.
preko Japana do Novog Zelanda.
03:13
On the horizontal axis
is income inequality.
is income inequality.
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Na vodoravnoj osi
je nejednakost dohotka.
je nejednakost dohotka.
03:16
The further to the right you go,
the greater the income inequality.
the greater the income inequality.
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Što idete dalje desno,
veća nejednakost dohotka.
veća nejednakost dohotka.
03:20
On the vertical axis
are nine social and health metrics.
are nine social and health metrics.
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Na okomitoj osi
je devet društvenih i zdravstvenih metrika
je devet društvenih i zdravstvenih metrika
03:23
The more you go up that,
the worse the problems are,
the worse the problems are,
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Što idete više,
problemi su gori,
problemi su gori,
03:26
and those metrics include life expectancy,
teenage pregnancy, literacy,
teenage pregnancy, literacy,
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a te metrike uključuju očekivani životni vijek,
maloljetničke trudnoće, pismenost,
maloljetničke trudnoće, pismenost,
03:31
social mobility, just to name a few.
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društvenu pokretljivost, samo da navedemo nekoliko.
03:34
Now, those of you in the audience
who are Americans may wonder,
who are Americans may wonder,
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Sad, oni od vas u publici
koji su Amerikanci se mogu zapitati,
koji su Amerikanci se mogu zapitati,
03:37
well, where does the United States rank?
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dobro, kako stoje Sjedinjene države?
03:39
Where does it lie on that chart?
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Gdje one leže na ovoj slici?
03:41
And guess what?
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I pogodite što?
03:43
We're literally off the chart.
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Doslovno smo izvan slike.
03:45
Yes, that's us,
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Da, to smo mi,
03:47
with the greatest income inequality
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sa najvećom nejednakosti dohotka
03:49
and the greatest social problems,
according to those metrics.
according to those metrics.
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i najvećim društvenim problemima,
prema ovim metrikama.
prema ovim metrikama.
03:54
Now, here's a macro forecast
that's easy to make,
that's easy to make,
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Sad, evo makro prognoze
koju je lako napraviti,
koju je lako napraviti,
03:56
and that's, that gap between
the wealthiest and the poorest,
the wealthiest and the poorest,
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a to je, jaz između
najbogatijih i najsiromašnijih,
najbogatijih i najsiromašnijih,
04:00
it will get closed.
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biti će zatvoren.
04:02
History always does it.
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Povijest to uvijek čini.
04:04
It typically happens in one of three ways:
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Tipično se dešava na jedan od tri načina:
04:06
either through revolution,
higher taxes, or wars.
higher taxes, or wars.
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ili kroz preokret, više poreze, ili ratove.
04:12
None of those are on my bucket list.
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Nijedno od toga nije na mom popisu želja.
04:14
(Laughter)
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(Smijeh)
04:16
Now, there's another way to do it,
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Sad, postoji drugi način kako to postići,
04:18
and that's by increasing justness
in corporate behavior,
in corporate behavior,
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a to je povećavanjem pravednosti
u korporativnom ponašanju,
u korporativnom ponašanju,
04:22
but the way that we're
operating right now,
operating right now,
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ali obzirom na način
na koji radimo sada,
na koji radimo sada,
04:24
that would require
a tremendous change in behavior,
a tremendous change in behavior,
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to bi zahtjevalo
ogromnu promjenu ponašanja,
ogromnu promjenu ponašanja,
04:28
and like an addict trying to kick a habit,
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i poput ovisnika
koji pokušava odbaciti naviku,
koji pokušava odbaciti naviku,
04:32
the first step is to acknowledge
that you have a problem.
that you have a problem.
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Prvi je korak priznati
kako imate problem.
kako imate problem.
04:36
And let me just say,
this profits mania that we're on
this profits mania that we're on
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A dajte samo da kažem,
ta manija dobiti koju imamo
ta manija dobiti koju imamo
04:40
is so deeply entrenched
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je tako duboko ukopana
04:42
that we don't even realize
how we're harming society.
how we're harming society.
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da čak niti ne shvaćamo
kako štetimo društvu.
kako štetimo društvu.
04:45
Here's a small but startling example
of exactly how we're doing that:
of exactly how we're doing that:
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Ovdje je maleni ali zapanjujući primjer
točno kako to radimo:
točno kako to radimo:
04:49
this chart shows corporate giving
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Ovaj dijagram pokazuje
korporativna davanja
korporativna davanja
04:52
as a percentage of profits,
not revenues, over the last 30 years.
not revenues, over the last 30 years.
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kao postotak dobiti,
ne prihoda, tijekom zadnjih 30 godina.
ne prihoda, tijekom zadnjih 30 godina.
04:57
Juxtapose that to the earlier chart
of corporate profit margins,
of corporate profit margins,
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Postavite ga uz raniji dijagram
korporativnih zarada,
korporativnih zarada,
05:03
and I ask you, does that feel right?
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pa vas pitam,
čini li se to ispravnim?
čini li se to ispravnim?
05:08
In all fairness, when I
started writing this, I thought,
started writing this, I thought,
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U svem poštenju, kad sam
počeo pisati ovo, mislio sam,
počeo pisati ovo, mislio sam,
05:11
"Oh wow, what does my company,
what does Tudor do?"
what does Tudor do?"
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"O vau, što moja kompanija,
što Tudor čini?"
što Tudor čini?"
05:14
And I realized we give one percent
of corporate profits
of corporate profits
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I shvatio sam kako dajemo
jedan posto korporativne dobiti
jedan posto korporativne dobiti
05:19
to charity every year.
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u dobrotvorne svrhe svake godine.
05:21
And I'm supposed to be a philanthropist.
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A ja bih trebao biti čovjekoljubac.
05:25
When I realized that, I literally
wanted to throw up.
wanted to throw up.
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Kad sam to shvatio, doslovno
sam htio povratiti.
sam htio povratiti.
05:31
But the point is, this mania
is so deeply entrenched
is so deeply entrenched
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Ali stvar je, ova je manija
toliko duboko ukopana
toliko duboko ukopana
05:34
that well-intentioned people like myself
don't even realize that we're part of it.
don't even realize that we're part of it.
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da dobronamjerni ljudi poput mene
čak i ne shvaćaju da smo njenim dijelom.
čak i ne shvaćaju da smo njenim dijelom.
05:39
Now, we're not going
to change corporate behavior
to change corporate behavior
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Sad, nećemo promijeniti
korporativno ponašanje
korporativno ponašanje
05:42
by simply increasing corporate
philanthropy or charitable contributions.
philanthropy or charitable contributions.
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jednostavnim povećanjem korporativnog
čovjekoljublja ili dobrotvornih priloga.
čovjekoljublja ili dobrotvornih priloga.
05:47
And oh, by the way,
we've since quadrupled that,
we've since quadrupled that,
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A da, usput,
to smo učetverostručili od tada,
to smo učetverostručili od tada,
05:50
but -- (Applause) -- Please.
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ali -- (aplauz) -- Molim vas.
05:54
But we can do it by driving
more just behavior.
more just behavior.
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Ali možemo potičući
pravednije ponašanje.
pravednije ponašanje.
05:58
And one way to do it is actually trusting
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A jedan je način kako to učiniti
je zbilja vjerovati
je zbilja vjerovati
06:01
the system that got us
here in the first place,
here in the first place,
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sustavu koji nas je uopće doveo do ovdje,
06:04
and that's the free market system.
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a to je sustav slobodnog tržišta.
06:06
About a year ago,
some friends of mine and I
some friends of mine and I
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Prije oko godinu dana,
neki moji prijatelji i ja
neki moji prijatelji i ja
06:08
started a not-for-profit
called Just Capital.
called Just Capital.
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smo pokrenuli neprofitnu udrugu
nazvanu Pravedan kapital.
nazvanu Pravedan kapital.
06:12
Its mission is very simple:
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Njeno je poslanje jako jednostavno:
06:13
to help companies and corporations
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pomoći kompanijama i korporacijama
06:15
learn how to operate in a more just
fashion by using the public's input
fashion by using the public's input
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naučiti kako da djeluju na
pravedniji način koristeći javno mnijenje
pravedniji način koristeći javno mnijenje
06:21
to define exactly what the criteria are
for just corporate behavior.
for just corporate behavior.
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kako bi točno definirali koji su kriteriji
za pravedno korporativno ponašanje.
za pravedno korporativno ponašanje.
06:27
Now, right now, there's
no widely accepted standard
no widely accepted standard
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Sad, upravo sada ne postoje
široko prihvaćen standard
široko prihvaćen standard
06:29
that a company or corporation can follow,
and that's where Just Capital comes in,
and that's where Just Capital comes in,
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koji korporacija ili kompanija može slijediti,
i to je mjesto gdje ulazi Pravedan kapital,
i to je mjesto gdje ulazi Pravedan kapital,
06:34
because beginning this year and every year
we'll be conducting a nationwide survey
we'll be conducting a nationwide survey
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jer počevši od ove godine ćemo svaku godinu
vršiti nacionalno mjerenje
vršiti nacionalno mjerenje
06:39
of a representative sample
of 20,000 Americans
of 20,000 Americans
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reprezentativnog uzorka
od 20.000 Amerikanaca
od 20.000 Amerikanaca
06:43
to find out exactly what they think
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kako bi otkrili što točno oni misle
06:46
are the criteria for justness
in corporate behavior.
in corporate behavior.
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da su kriteriji za pravednost
u korporativnom ponašanju.
u korporativnom ponašanju.
06:50
Now, this is a model that's going
to start in the United States
to start in the United States
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Sad, to je model koji će
započeti u Sjedinjenim državama
započeti u Sjedinjenim državama
06:53
but can be expanded
anywhere around the globe,
anywhere around the globe,
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ali može biti proširen
bilo gdje na svijetu,
bilo gdje na svijetu,
06:56
and maybe we'll find out
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i možda ćemo otkriti
06:58
that the most important
thing for the public
thing for the public
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kako je najvažnija
stvar za javnost
stvar za javnost
07:00
is that we create living wage jobs,
or make healthy products,
or make healthy products,
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da stvaramo poslove s plaćom dovoljnom za život,
ili da izrađujemo zdrave proizvode,
ili da izrađujemo zdrave proizvode,
07:06
or help, not harm, the environment.
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ili pomažemo, ne štetimo, okolišu.
07:09
At Just Capital, we don't know,
and it's not for us to decide.
and it's not for us to decide.
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U Pravednom kapitalu, ne znamo,
a niti nije do nas da odlučimo.
a niti nije do nas da odlučimo.
07:13
We're but messengers,
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Mi smo tek glasnici.
07:15
but we have 100 percent confidence
and faith in the American public
and faith in the American public
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Ali imamo 100% povjerenje
i vjeru u američku javnost
i vjeru u američku javnost
07:19
to get it right.
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da će to shvatiti ispravno.
07:21
So we'll release the findings
this September for the first time,
this September for the first time,
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Tako da ćemo nalaze objaviti
ovaj rujan po prvi put,
ovaj rujan po prvi put,
07:25
and then next year, we'll poll again,
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i potom slijedeće godine,
anketirat ćemo ponovno,
anketirat ćemo ponovno,
07:27
and we'll take the additive step this time
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a taj ćemo put napraviti i dodatni korak
07:30
of ranking the 1,000
largest U.S. companies
largest U.S. companies
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rangiranja 1.000
najvećih nacionalnih kompanija
najvećih nacionalnih kompanija
07:33
from number one to number 1,000
and everything in between.
and everything in between.
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od broja jedan do broja 1.000
i sve između.
i sve između.
07:37
We're calling it the Just Index,
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Nazivamo to kazalom pravednosti,
07:40
and remember, we're an independent
not-for-profit with no bias,
not-for-profit with no bias,
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i zapamtite, mi smo neovisna
neprofitna udruga bez naginjanja,
neprofitna udruga bez naginjanja,
07:45
and we will be giving
the American public a voice.
the American public a voice.
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a davat ćemo
američkoj javnosti glas.
američkoj javnosti glas.
07:50
And maybe over time, we'll find out
that as people come to know
that as people come to know
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I možda tijekom vremena, otkrijemo
da kako ljudi počinju znati
da kako ljudi počinju znati
07:55
which companies are the most just,
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koje su kompanije najpravednije,
07:57
human and economic resources
will be driven towards them,
will be driven towards them,
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ljudski i gospodarski resursi
će biti usmjereni prema njima,
će biti usmjereni prema njima,
08:01
and they'll become the most prosperous
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te će postati najuspješnije
08:03
and help our country
be the most prosperous.
be the most prosperous.
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i pomoći našoj zemlji biti najuspješnija.
08:07
Now, capitalism has been responsible
for every major innovation
for every major innovation
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Sad, kapitalizam je bio odgovoran
za svaku značajnu inovaciju
za svaku značajnu inovaciju
08:11
that's made this world a more inspiring
and wonderful place to live in.
and wonderful place to live in.
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koja je ovaj svijet učinila
uzdižućim i prekrasnim mjestom za život.
uzdižućim i prekrasnim mjestom za život.
08:16
Capitalism has to be based on justice.
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Kapitalizam mora biti temeljen na pravdi.
08:19
It has to be, and now more than ever,
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Mora biti, i to sada više nego ikad,
08:21
with economic divisions
growing wider every day.
growing wider every day.
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s ekonomskim podjelama
koje rastu šire iz dana u dan.
koje rastu šire iz dana u dan.
08:25
It's estimated that 47 percent
of American workers
of American workers
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Procjenjuje se kako 47 posto
američkih radnika
američkih radnika
08:28
can be displaced in the next 20 years.
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može biti istisnuto u slijedećih 20 godina.
08:31
I'm not against progress.
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Nisam protiv napretka.
08:33
I want the driverless car and the jet pack
just like everyone else.
just like everyone else.
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Želim auto bez vozača i jet pack
baš kao i svatko drugi.
baš kao i svatko drugi.
08:38
But I'm pleading for recognition
that with increased wealth and profits
that with increased wealth and profits
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Ali molim za prepoznavanje
kako sa povećanim bogatstvom i dobiti
kako sa povećanim bogatstvom i dobiti
08:44
has to come greater
corporate social responsibility.
corporate social responsibility.
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mora doći veća
korporativna društvena odgovornost.
korporativna društvena odgovornost.
08:49
"If justice is removed," said Adam Smith,
the father of capitalism,
the father of capitalism,
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"Ako je pravda odstranjena,"
rekao je Adam Smith, otac kapitalizma,
rekao je Adam Smith, otac kapitalizma,
08:55
"the great, the immense fabric
of human society must in a moment
of human society must in a moment
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"Veličanstveno, neizmjerno tkanje
ljudskog društva mora se u trenutku
ljudskog društva mora se u trenutku
09:01
crumble into atoms."
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raspasti od atoma."
09:05
Now, when I was young,
and there was a problem,
and there was a problem,
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Sad, kad sam bio mlad,
i postojao bi problem,
i postojao bi problem,
09:09
my mama used to always
sigh and shake her head and say,
sigh and shake her head and say,
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moja bi mama uvijek
uzdahnula i tresla glavom i govorila:
uzdahnula i tresla glavom i govorila:
09:13
"Have mercy, have mercy."
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"Imaj milosti, imaj milosti."
09:17
Now's not the time for us,
for the rest of us to show them mercy.
for the rest of us to show them mercy.
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Sad nije vrijeme za nas,
za ostatak nas da im pokažemo milost.
za ostatak nas da im pokažemo milost.
09:22
The time is now for us
to show them fairness,
to show them fairness,
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Vrijeme je sad za nas
da im pokažemo poštenje,
da im pokažemo poštenje,
09:25
and we can do that, you and I,
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a to možemo učiniti, vi i ja,
09:27
by starting where we work,
in the businesses that we operate in.
in the businesses that we operate in.
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počevši od svog radnog mjesta,
od poslova u kojima djelujemo.
od poslova u kojima djelujemo.
09:33
And when we put justness
on par with profits,
on par with profits,
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A kad stavimo pravdu
na istu razinu sa dobiti,
na istu razinu sa dobiti,
09:36
we'll get the most wonderful thing
in all the world.
in all the world.
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dobit ćemo najčudesniju stvar
u cijelom svijetu,
u cijelom svijetu,
09:40
We'll take back our humanity.
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uzet ćemo nazad našu čovječnost.
09:43
Thank you.
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Hvala vam.
09:46
(Applause)
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(Aplauz)
ABOUT THE SPEAKER
Paul Tudor Jones II - InvestorPaul Jones is founder of Tudor Investment Corporation and an active philanthropist.
Why you should listen
Paul Tudor Jones II started to work on Wall Street in 1976. "If there was ever a free market free-for-all, this was it," he says. "Men wearing ties but acting like gladiators fought literally and physically for a profit." Jones emerged victorious, and as founder of Tudor Investment Corporation and other companies within the Tudor Group, he engages in trading in the fixed income, equity, currency and commodity markets. Headquartered in Greenwich, Connecticut, Tudor manages some $13.7 billion and employs almost 400 people.
Jones is an active philanthropist, including founding the Robin Hood Foundation and the Excellence Charter School, and he sits on the Boards of Just Capital, National Fish and Wildlife Foundation, Everglades Foundation, and Sonima Foundation. He is also a trustee of NYU's Langone Medical Center.
Paul Tudor Jones II | Speaker | TED.com