What begins as a narrow, technical inquiry into the capacity of fiduciary stewards of social trusts for social purposes to allocate aggregations of “forever” money for “forever” pruposes…
Society’s “safe” money aggregated for investment as capital for business, entrusted to the plenary powers of discretionary authority of fiduciary stewards of social trusts for perpetuating mutual aid societies for Workforce Pensions and Civil Society Endowments
Accountable to Common Sense through Citizens Deliberation
During the 1970s, we surrendered our common sense of forever money to the expertise of experts in maximizing the highest possible purely pecuniary profit extraction from volatility and growth in market clearing prices for securities in the markets for maintaining volatility and growht in market clearing prices for those securities.
In doing so, we shackeld ourselves to the locked imaginary that Growth, as the simple quantitative increase in qualitatively undifferentiated transaction volumes reduced to numbers as prices paid in money, from one period of measurement to the next , is both necessary and sufficient to our being and our wellbeing as humans on earth.
Lived experiene what common sense has always known: Growth is neither necessary nor sufficient to our wellbeing. Sometimes Growth is good. Somtiems, not so much. It all depends on the circumstnaces, and the consequences.
A new 21st Century Planetary Citizenship in a new 21st Century planetary commons of the Economy Self-organized by private initiative Accountable to popular choice in the markets, and planetary citizens in the law
“People like [ideas] for how they feel about themselves when they are with [them] – social media
We do need both private discourse and- talking to ourselves in personal reflection to form our own thinking, and citizens deliberation, talking with others for consensus agreement on what we all think
channeling Fraser Morison Smith, capacitism.org
“the way we have been taught to think about money is at best out-dated, at worst, plain wrong. And it’s at the heart of much of our crises.”
a legal instrument for effecting transactions between people separated by distrances of time, place and social connection (“you don’t have to trust the other person, if you can trust their money”)
“a technology that communities use to trade debts” – Michael Mainelli
the social energy for concentrating the time, effort and experitse of others that society uses to direct our time, effort and expertise towards some actiities (“you can make good money doing that”) and away from others (‘there’s no money in that”)
Finance is
Personal financial management
Business financial managment
Institutional curation of the economy by aggregating money set aside by others as savings for investment and allocating those aggregations as finacing for enterprise to supply capitla to business at a cost that determines qualifications (Suitabilty), time and timing (Duration) and how the business does buisenss (Dignity).
Our crises are caused by the way we are being taught to think about the capacity of Pensions & Endowments to allocate the aggregations entrusted to them that is out-dated and just plain wrong.
The resoluton of these crises begins with a rectification of our thinking about the capacity of fiduciary money.
how would you feel if you were invited to personal reflection | to form your thoughts | about the capacity that fiduciary stewards of “forever” money derive | under the circumstance now prevailing | from their capacity as stewards of large, purposeful and self-perpetuating social trusts for Workforce Pensions and Civil Society Endowments, to allocate the aggregations of society’s “safe” money entrusted to their plenary powers of discretionary authority, in preparation for participation in Citizens Deliberations to build a planetary consensus on an adaptively evolving planetary common sense of prudence and loyalty in the exercise of capacity, true to aims?
“ 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.
Shifting to Equity Paybacks 