Shifting to Equity Paybacks

Care

Care is the first word in the quatrain specified by US law as fiduciary duties of pension stewards

“care, skill, prudence and diligence”

These words all mean the same things, but each resonates with its own nuance.

Care is paying attention.

Skill is practial knowledge through lived experience.

Prudence is

“the ability to govern and discipline oneself by the use of reason”

– Merriam-Webster Dictionary

Diligence is doing the work of digging beneath the surface to find a solid foundation for future expectations.

These are all grounded in the standard of the prudent person, as

“having or showing careful good judgment”

– Merrian-Webster.com simple definition

“acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims.”

There is not a lot of precision in these definitions. That is because the words are more referential, than prescriptive. It’s about good judgement of the facts, under the circumstances.

Good judgement is another way of saying what makes sense to the common sense of people who care enough to take the time to make the effort to make ourselves familiar with the law of character and aims, and the facts of capacity, prudence and aims under the circumstances then prevailing.

           “
 what kind of world 
             do we want 
      and how 
               can we make it happen?

Simon Mair, MEND Network

THIS is the world we want

THIS is how we can make it happen

allocating Fiduciary Money through Equity Paybacks from current cash flows through Enterprise, prioritized by contract for:

  • Suitability of the Technology to the circumstances prevailing at the time;
  • Duration of the social contract between Enterprise and popular choice over time; and
  • Dignity in how the business does business all the time, across all six vectors of cash flow through Enterprise, including:
    • Fair Trade, with suppliers;
    • Fair Engagement with communities, of place and of interest;
    • Fair Reckoning with the consequences, on Nature, Society and the Future;
    • Fair Working, in the workplace;
    • Fair Dealing, in the marketplace;
    • Fair Sharing, with savers whose savings are the “raw material” form which financiers fashion capital for business.