.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@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@sbpermaculture.org
www.sbpermaculture.org
"We are like trees,
we must create new leaves, in new directions, in order to grow." -
Anonymous