Archive

Finance is not about Money

I think one first step is to dis­tin­guish between tra­di­tion­al bank­ing, which sells mon­ey it has (or it can bor­row very quick­ly, what­ev­er) and finance, which sells some­thing it does not have. And in that sell­ing what it does not have lies its cre­ativ­i­ty. It has to invent instru­ments. And secondly—and they go together—it has to invade oth­er sec­tors. Because it itself does not have what it needs to produce.

Happiness and Money

Much of eco­nom­ics and pub­lic pol­i­cy rests on the assump­tion that increas­ing the wealth of indi­vid­u­als and nations pro­vides a route to increas­ing their well­be­ing. So why does mon­ey fail us?

Douglas Rushkoff WebVisions Portland 2016 Keynote

Google just has to grow. It has to keep grow­ing. But Google grows at its own per­il. Google grew so much that what hap­pened? It out­grew Google. Google had to become what? Alphabet. Now what is Alphabet? Alphabet is not Google. Alphabet is a hold­ing com­pa­ny. So Google’s new busi­ness as Alphabet is to do what? It’s to buy and sell tech­nol­o­gy com­pa­nies. So, once a com­pa­ny becomes just too big to flip any­more, it becomes a flip­per of oth­er companies.

The Conversation #35 — Chuck Collins

Much of class and iso­la­tion and pulling away is this sort of illu­sion that some­how we can be apart from the suf­fer­ing that is in our midst. And that’s a myth. The social iso­la­tion that many peo­ple in the one per­cent expe­ri­ence is a wound.

The Conversation #18 — David Korten

I like to think that we are an intel­li­gent species. I mean, actu­al­ly the peo­ple that often get this most quick­ly are the peo­ple who are poor­est, because they know the sys­tem doesn’t work. But so many of our sup­pos­ed­ly bright­est peo­ple pick this up and don’t ques­tion it. And then we have the all the whole field of eco­nom­ics, which is an ide­ol­o­gy built on assump­tions that if you exam­ine them are absurd. Because you know, econ­o­mists sim­ply look at the econ­o­my as a pric­ing sys­tem. They’re not sys­tem thinkers. Part of the cause our cri­sis is that we’re not edu­cat­ed to think in terms of systems. 

The Conversation #17 — Laura Musikanski

What’s key…is that we all need to work togeth­er. There’s no way for all of us to know about each oth­er. We’re in that part of this new way of being that there’s too many play­ers. It’s too chaot­ic. There is no cen­ter, there is no hub. But we need to find ways to work togeth­er, and to lose the idea that any one of us is the solu­tion. Because if any one of us were the solu­tion, we wouldn’t be where we are now.

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