# Greenpilled - Implications for India #Web3 *Last updated: 20th March, 2022* The following are interpretative notes as part of reading the book, [Greenpilled](https://greenpill.party/). This is not a summary of the book, but rather the implications of the core concept in the book - applied regenerative cryptoeconomics - for the wicked problems in India. #### Our public goods are withering - From education to healthcare, from environment to infrastructure, the apathy of those in power and the greed from the intermediaries is holding us back - Conducted an interview last year with Dr. Sylvia Karpagam who [mentioned](https://twitter.com/RohitMalekar/status/1405948143552778240?s=20&t=61yLb4vuyiNseJcL5A1ZRA) how the public health system is being intentionally dismantled at the behest of lobbying from the private sector. - Our artisan economy is one of the most neglected sectors even though it plays such a crucial role in local culture, employment, sustainability, heritage preservation, let alone the role craft plays as a [central piece of democracy](https://twitter.com/RohitMalekar/status/1455255403286044673?s=20&t=61yLb4vuyiNseJcL5A1ZRA). #### The system is working "as designed" - The forces that are leading to the gradual worsening of public goods arise from short-term thinking, individual ambition over community growth, apathy for community collaboration and lack of tools for collective action in the rare situations where there is intent. The system is only as good as its design and it is working as designed. - In startup finance, traditional term sheets will never attract attempts to address these diverse sets of critical community problems. It will require an [alternative](https://publish.obsidian.md/rohitmalekar/WIP/The+Next+Frontier+for+Indian+Startups+-+Sequoias+and+Meadows#The+Capital+Alternative+to+VC+start-up+finance) financial plumbing (equivalent of fund -> LP -> GP -> Founder) - When powerful unicorns or public firms take actions to consolidate power, say away from the employees or "partners", the company board is working as designed - fiduciary duty to maximize shareholder gains. It will require companies of another kind - [community-first profitable businesses](https://twitter.com/RohitMalekar/status/1408513126690037760?s=20&t=61yLb4vuyiNseJcL5A1ZRA) that share gains amongst the builders of the business - to choose different. #### We need a new language and tools for collective action - Transparency over control - this isn't about starting a new revolution. This is about pivoting our lenses for creating social, industrial, and political institutions with a [transparency-first, control-later approach](https://publish.obsidian.md/rohitmalekar/Articles/Craft/The+Decentralized+Web+and+the+Rise+of+Transparency-First+Institutions#What+does+the+alternative+look+like+A+transparency-first+mindset). - Can we re-think entrepreneurship as a pursuit to bring change at scale, not only for those who are impacted but also with them? - The decentralized structures can unlock this by dissipating the power to decide how to extract value and automating the ability to extract it, thus drastically reducing historically prevalent sources of information asymmetry, corruption, and ineffectiveness. - Now that we have ways to embed transparency and automation with greater finesse using blockchain, the question is what do we do about it?