[Ccpg] FRI Feb 27 / Sustainable World Radio Interview with Woody Tasch author of INQUIRIES INTO THE NATURE OF SLOW MONEY, Investing as if Food, Farms, and Fertility Mattered
Santa Barbara Permaculture Network
sbpcnet at silcom.com
Wed Feb 25 10:12:57 PST 2009
.Friday,Feb. 27 , 9-10am Sustainable World Radio on KCSB 91.9 FM PST
and streaming live on www.kcsb.org. Also found
on www.sustainableworldradio.com, later in the month
Join Jill Cloutier of Sustainable World Radio for an interview with
Woody Tasch author of INQUIRIES INTO THE NATURE OF SLOW MONEY,
Investing as if Food, Farms, and Fertility Mattered
(www.chelseagreen.com for dates for national book tour) with Wes Roe
There is such a thing as money that is too fast. Money that
is too fast is money that has become so detached from people, place,
and the activities that it is financing, that not even the experts
understand it fully.
Woody Tasch proposes we bring money back down to earth. A
long-term venture capitalist, entrepreneur, and Chairman of Investors' Circle.
Wes Roe is a co-founder of Santa Barbara Permaculture Network and
Board member for 8 years of the Permaculture Credit Union www.pcuonline.org
BOOK SIGNING EVENT IN SANTA BARBARA
If you are questioning the role of money in building a vibrant
healthy Community and local economy you should attend-
The event takes place on Monday, March 9, 2009, 7pm at Victoria Hall
Theater, 33 West Victoria St, Santa Barbara. Cost $5, no reservations
needed. The event is presented by the Santa Barbara Permaculture
Network NonProfit. For more information, (805) 962-2571,
margie at sbpermaculture.org, www.sbpermaculture.org.
FURTHER NOTES AND ARTICLES
" We've tried Casino Capitialism.....
Maybe it's time to try Nurture Capitalism"
In his newly published book, Inquiries Into The Nature of
Slow Money, Investing as if Food, Farms, and Fertility Mattered,
published by Chelsea Green www.chelseagreen.com , Woody Tasch
examines the idea of whether the world economy is going through a
correction in the credit markets, triggered by the sub-prime
mortgage crisis, or whether we are teetering on the edge of something
much deeper. He examines our current economy, tied to petro-dollars,
derivatives, hedge funds, futures, arbitrage, and a byzantine
hyper-securitized system of inter-mediation--- that no program
trader, no speculator, no investment bank CEO ---can any longer fully
understand or manage.
Woody Tasch proposes we bring money back down to earth. A
long-term venture capitalist and entrepreneur, Tasch knows Wall
Street and is putting that experience to work to create a different
model of venture capital through a newly formed NGO and movement
called Slow Money, which will invest in companies that build natural
and social capital as well as financial capital.
The Slow Money movement has two parts--- an NGO
(non-government organization) where a series of workshops held around
the country bring together stakeholders to talk about how they would
invest slow money in their region, and a Fund side, coming to market
in 2009, to raise $50-100 million to initiate a series of regional
Slow Money venture funds . Scrutinizing where we are in history,
Tasch believes we have to behave differently if we want to survive,
by nurturing markets that don't require unlimited growth---growth
that goes beyond the limits of natural and social capital. Tasch
suggests we need to move from capital markets based on consumption
and extraction to capital markets based on restoration and
preservation. Slow Money could be the connection back to Main street
that Wall street needs. Slow money, according to Tasch, is Nurture Capital.
Woody Tasch is Chairman of Investors' Circle (
www.investorscircle.net) , a national non-profit network of investors
dedicated to "Patient Capital for a Sustainable Future." Since 1992,
Investors' Circle has facilitated the flow of over $130 million to
over 200 sustainability-minded early-stage companies and venture
funds, including over $25 million to 42 food companies. He is
Chairman and President of the newly formed NGO, Slow Money, an
intermediary dedicated to catalyzing the flow of capital to
enterprises that support soil fertility and local food communities.
Woody has worked as an entrepreneur, venture capitalist, board member
and consultant with many organizations including CERES (the Coalition
for Environmentally Responsible Economies), National Mentor,
Greenway, Northwest Area Foundation, CIMMYT (the International Maize
and Wheat Improvement Center) and The Farmers Diner. He is a frequent
speaker at various socially responsible business and sustainable
agriculture venues
I
ChelseaGreenTV Woody Tasch
www.chelseagreen.com/tv/episode/1541700/
Woody Tasch, author of Inquiries into the Nature of Slow Money,
discusses a new approach to Money. Woody Tasch is the chairman and
CEO of Investors' Cirlce--a network of over 200 angel investors,
professional venture capitalists, foundations, family offices and
others who are using private capital to promote the transition to a
sustainable economy.
Why We Need Slow Money
http://www.chelseagreen.com/bookstore/item/inquiries_into_the_nature_of_slow_money:hardcover
There is such a thing as money that is too fast. Money that is too
fast is money that has become so detached from people, place, and the
activities that it is financing that not even the experts understand
it fully. Money that is too fast makes it impossible to say whether
the world economy is going through a correction in the credit
markets, triggered by the subprime mortgage crisis, or whether we are
teetering on the edge of something much deeper and more challenging,
tied to petrodollars, derivatives, hedge funds, futures, arbitrage,
and a byzantine hyper-securitized system of intermediation that no
quant, no program trader, no speculator, no investment bank CEO, can
any longer fully understand or manage. Just as no one can say
precisely where the meat in a hamburger comes from (it may contain
meat from as many as a hundred animals), no one can say where the
money in this or that security has come from, where it is going, what
is behind it, whether-if it were to be "stopped" and, like a hot
potato, held by someone for more than a few instants-it represents
any intrinsic or real value. Money that is too fast creates an
environment in which, when questioned by the press about the outcome
of the credit crisis, former treasury secretary Robert Rubin can only
respond, "No one knows."
This kind of befuddlement is what arises when the relationships among
capital, community, and bioregion are broken. As long as money
accelerates around the planet, divorced from where we live, our
befuddlement will continue. As long as the way we invest is divorced
from how we live and how we consume, our befuddlement will worsen. As
long as the way we invest uproots companies, putting them in the
hands of a broad, shallow pool of absentee shareholders whose primary
goal is the endless growth of their financial capital, our
befuddlement at the depletion of our social and natural capital will
only deepen. **** We must reexamine the story of progress, being
honest about where we as a species seem to be going awry-if one
defines nuclear weapons, 9/11, Twinkies, the continuing promulgation
of a culture of rampant consumerism in the face of 6.6 billion
people, climate change, volatility in global food prices, and
widening wealth inequalities as "going awry." We must recognize the
potentially disastrous consequences of doing the same thing over and
over again-going more and more global, bigger and bigger, faster and
faster-hoping for a different outcome. Then, and only then, we may
find the courage to slow money down-not all of it, of course, but
meaningful quantities of it. In a world of trillions of dollars a
day, this means billions of dollars a day . . . wait . . . did I say
billions of dollars a day? I did, and before The Twilight Zone theme
song starts ringing in your ears, I add: The Good Lord, and his
better half, Great Gaia, did not hand us today's global financial
markets on a platter, blessed and preordained
. No, we invented them, and we have it in our power to reinvent them,
to design what comes after them. What seems pre- posterous when
viewed through the wrong end of the fast-money telescope seems
wonderfully within reach when looked at through the lens of slow
money, allowing us to set about the work of rebuilding healthy
relationships among enterprises and communities and bioregions, and
between investors and the enterprises in which they invest. Let us
set about this work, then, so that whoever it is that comes onto the
world stage after Homo economista and Homo consumerista and the
Invisible Hand of the marketplace, may, as they exit stage left,
come-fully and fearlessly and wearing whiffs of humus and manure like
badges of honor-into view. Woody Tasch From the Prologue of Inquiries
into the Nature of Slow Money (see page 28)
<<<<
Bringing the cash crunch back down to earth.
By Woody Tasch
www.hopedance.org/cms/content/view/637/86/
<<<
Q&A: Woody Tasch
The venture capitalist talks to Plentymag.com about his new book on
"slow money," building natural and social capital along with economic
capital, how to measure abstractions, and what's wrong with the market today
By Ragan Sutterfield
http://www.plentymag.com/features/2009/01/qa_venture_capitalist_woody_ta.php
We have been learning all about fast money. From the mortgage-backed
securities with little grounding in reality to Bernard Madoff's Ponzi
scheme, fast money has been showing its true self recently. Woody
Tasch believes it's time to pull the reins back on fast money and
create a market that values the environment, local communities, and
the natural world as much as it does financial growth. His new book,
Inquiries into the Nature of Slow Money: Investing as if Food, Farms,
and Fertility Mattered articulates this vision. A long-time venture
capitalist and entrepreneur, Tasch knows Wall Street. He is putting
that experience to work to create a different model of venture
capital through a newly formed NGO called Slow Money, which will
invest in companies that build natural and social capital as well as
financial capital. Plenty spoke with Tasch by phone from his home in
the mountains outside of Santa Fe, NM to talk about Slow Money, his
new book, and his ideas for a new kind of economy.
<<
GreenMoney Journal - publishing since 1992
Fall 2008 issue
www.greenmoneyjournal.com/article.mpl?newsletterid=44&articleid=604
<<<
A book excerpt from Slow Money, by Woody Tasch
http://www.odemagazine.com/doc/58/slow-money-excerpt/all
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Santa Barbara Permaculture Network
an educational non-profit since 2000
(805) 962-2571
P.O. Box 92156, Santa Barbara, CA 93190
margie at sbpermaculture.org
www.sbpermaculture.org
"We are like trees, we must create new leaves, in new directions, in
order to grow." - Anonymous
First Annual Southern California Permaculture Convergence August 2008
http://socalifornia.permacultureconvergence.org
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