I personally think that we need to move beyond this sort of grow or die motivation that exists within the current economy. And I think that the cooperative model is suited to addressing those concerns, especially because the co-op model is geared toward serving member needs and not driven by profit at the end of the day. That is something that bodes well for the model in terms of sustainability.
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I actually think you can trace many many of these big systemic crises to being symptoms of the flawed idea that economic growth can go on indefinitely, exponentially, on a finite planet. That’s sort of my North Star. And then as a finance person, why do we think we need economic growth? Well, because the way our capital system works is that capital demands that growth.
You’re dealing with timescales that are beyond humans’ interest. I mean, it’s sorta like global warming. The heat that we have now built up, that carbon was burned thirty years ago. It’s going to take a while for the correction process. So, if you have the elements of the phosphorus, the potassium, the manganese, and so on, it can be built back pretty fast. But a shorthand way of putting it is that soil is as much of a non-renewable resource as oil. And, more important than oil. I mean, we’re talking about stuff we’re made of. So that’s why I’ve said that the plowshare has destroyed more options for future generations than the sword.
We know very little about complex financial systems and how systemic risk, as it’s called, is computed and how you would manage policies. And if you look back at the financial crisis, you can either say, as many economists do, “It all had to do with badly-designed rules,” which may be part of the story; it’s certainly part of the story. Or it may have to do with the interaction of those rules and human nature, like mortgage broker greed, optimism… And you see it not just in individuals who now have houses and foreclosure, but at the highest levels.
Although our ultimate goal is protecting biological diversity on the land and protecting the integrity of these natural communities, the strategic way to get there is to prevent these ranches from being sub-divided. And it turns out the issue that these ranches are having, you know, they get together and talk and say, “Wow our neighbor over here sold out and that ranch got sub-divided…” every time that happens, it puts pressure on the remaining ranchers who want to stay in ranching.