Presentation on theme: "Oregon Rural Action’s Annual Meeting: Making the Shift Building a Vibrant Local Economy Amidst the Broken Global Financial System La Grande, Oregon October."— Presentation transcript:
Oregon Rural Action’s Annual Meeting: Making the Shift Building a Vibrant Local Economy Amidst the Broken Global Financial System La Grande, Oregon October 9, 2010
My Story From Wall Street to Grasslands and the Capital Institute “I once said greed was good… now it seems that greed is legal.” - Gordon Gekko
http://pricetags.files.wordpress.com/2008/04/800px-london_millenium_wobbly_bridge1.jpg Bridging the gap between mainstream finance and the new economy movement.
Population Crisis http://cdn5.mattters.com/photos/photos/1370157/crowded_train_stations_in_china_10.jpg&imgrefurl World 6,826,859,514 http://2.bp.blogspot.com/_JSpbgoKp8LA/SjF4960b8qI/AAAAAAAAFVg/B4 CaOwK2yTk/S1600-R/worldpop_2009_lowerfertility.gif
Energy Crisis http://cdn.content.compendiumblog.com/uploads/user/206a9a2b-627f-446d-b836-03b603106274/08ef70d7-7014- 48c5-b9a5-7d322cf1fccc/Image/caa79888d3200de8c9ed8dbfb0bfd8c4.jpg “Nothing has changed….oil and natural gas are essential to our way of life.” - Jack Gerard, American Petroleum Institute “Nothing has changed….oil and natural gas are essential to our way of life.” - Jack Gerard, American Petroleum Institute
So if we know the problems, why aren’t we changing?
Economic Efficiency Economy Finance Planet What’s wrong with this picture?
Sustainability Optimum Efficiency 100% 0% Resiliency Collapse of Financial System Source: Bernard Lietaer, 2008 Biosphere Economy Finance Sustainability in Complex Systems
In the wake of one of the World’s greatest economic crises, “sustainability” is unable to compete with mainstream perceptions of financial reform http://www.dirtyday.com/wp-content/uploads/2009/06/20070626231520_dsc_1152.jpg 2005 2006 20072008 2009 Public Opinion on Priority: Sustainability vs. Economic Growth sustainability economic growth Opinion on Priority GALLUP POLL http://www.observer.com/2009/measuring-public-opinion- environment-and-sustainability-how-conventional-wisdom- gets-way
Look where the money’s going: http://www.eli.org/pdf/Energy_Subsidies_Black_Not_Green.pdf Climate Protecting Climate Damaging
“When you improve the quality of the land in an ecological sense, the profitability follows.” How to Save the Grasslands: Bring in More Cattle By JUDITH D. SCHWARTZ Tuesday, Sep. 07, 2010 Grasslands, LLC
Local CAN scale Founded in 1956 Philosophy: Co-operation | Participation | Social Responsibility | Innovation 4 Sectors: Finance, Industry, Distribution and Knowledge 85,000 people, 256 companies, 15 Billion Euros in turnover Basque Country, Spain
Local CAN scale “Import replacement” activity (Jane Jacobs) Employee-owned, for-profit companies: greenhouse produce, laundry service, solar energy Based locally, hire locally: permanent green jobs Workers earn a living wage, build equity as owners Circulate money within community - 5:1 multiplier Cleveland, OH
Complementary Currencies: building resiliency Thousands of examples, over 600 in Japan alone Numerous countries Highly diverse ecosystem Multiple “schools” of thought Sustain Optimum Efficiency 0% Resilien cy
Complementary Currencies: proven models WIR Bank Founded in 1934, Switzerland Response to stock market crash in 1929 The word for “we” in German > economic circle is also a community Has grown from 16 to 62,000 members Swiss Franc 1.6 Billion annual turnover
Complementary Currencies: time banks Building the Core Economy Time really is money Strengthening communities through reciprocity “We are all assets”
Complementary Currencies: emerging models BerkShares A local currency for Southern Berkshire region of Massachusetts (pop. 19,000) Defines a trading area, an economic footprint Distinguishes the local businesses Builds loyalty Encourages community self-reliance and wellbeing of community
“A good community, as we know, insures itself by trust, by good faith and good will, and by mutual help. A good community, in other words, is a good local economy.” -Wendell Berry