Around the world money sloshes through stock markets and banks and businesses crashing like waves upon shore as get rich investors swim in massive schools following the tail in front of them into the mouth of a shark or onto the rocks. Anyone in finance honest enough will tell you that it is all fear and greed and with technology and globalization and open capital markets, the world's monetary system has the perpetual jitters like an air traffic control working a triple shift on a holiday weekend.
It would be nice to think that local currencies and exchanges would buffer communities somewhat from these fiscal storms, but reforms need to happen a higher level too. Whether Jacqueline Novogratz
and her vision of patient capital or Woody Tasch
with his Slow Money movement, we need to establish approaches to investment that better incorporate social good and sustainability. Wouldn't it be remarkable if more finance people got yearly bonuses of grateful school child letters and photos of new wells dug? Wouldn't it be remarkable if we stopped investing based on the last quarter and switched to the next quarter century? Wouldn't it be remarkable if the energy and intelligence and competitiveness and even arrogance of young buck financiers were harnessed to the common good?
So while many have the temptation to tear the system down or at least ignore it, my hope is in patient capital and slow money to harness the financial waves for the common good. Slow 'em down and draw off some of the energy.