Uncategorized 14 Mar 2007 01:06 pm

Follow the money

For almost all of my adult life, I’ve been an ardent opponent of capitalism. It rapes the land, displaces families, tears apart our communities with nary a thought, so long as it improves the bottom line. Sure, there’s innovations, many of which I adore and couldn’t imagine living without, but always with a sense of guilt: love my cell phone, and know that it was made in part with virtual slave labor in the cobalt pits of the Congo. It’s roughly analogous to how I feel eating meat–I feel vague dis-ease, but not enough to change my habits.

But I’ve recently had a profound change of heart. Capital isn’t evil by nature, indeed it has no nature, other than to self propagate. Whether it’s selling old growth trees, or hemp bracelets, capital doesn’t care, it only wants to grow. Give it a positive outlet with a decent rate of return, and it’ll run it to ground.

As proof, I offer this. Goldman Sachs doesn’t want to do the right thing, they want to do the thing that makes money. And if squeezing a tree shakes loose the cash, well then they’ll squeeze em.

Capital. It’s what makes the difference. What we need to do, rather than complain about it, is support mechanisms ( like carbon trading credits ) that monetize solutions. Do that, and we’ll change the world. Don’t, and we’ll kill it. It’s really as simple as that.

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One Response to “Follow the money”

  1. on 17 Mar 2007 at 11:20 am 1.Troy Angrignon said …

    Tom, I am glad to see that you have come around. I studied at the University of Victoria, in their Environmental Studies program. I was the lone capitalist in the class, surrounded by somewhat militant eco-theosophists and philosophers, many of whom didn’t appreciate capitalism’s real agnosticisms with respect to “doing evil”. It is a simple system. Go where the m oney is. If it’s in building green and sustainable things, it will go there. If it is in resource industries and there is a free ride because we have no way to cost, and bill back for so-called “externalities”, then it will go there.

    It is my goal to push on the triple (or quadruple) bottom line approach as hard as I can where we find and/or educate people to be capitalists with a conscience but I’m also extremely interested in those ventures that HAVE positive social and environmental outputs BUT that can be promoted to single bottom line investors who really just at the end of the day, want a high return. Ten your capital market is as large as possible.

    Anyway, glad that you posted this. And we still have to catch up but I’m travelling now for a while so we’ll do it when I return.

    Troy

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