“Addressing entrenched interests that highlight the downsides of every sustainability transition is crucial.”
Yes, but how?
The problem is money.
Money is the solution.
The problem is money is the solution.
We need to find money with the mission, the duty and the scale to take control of both sides of the transition- the away from and the towards-to mediate the tensions between convention and innovation to rapidly redesign and reconstruct our global energy supply ecosystem to be purpose built for energy sufficiency complete with habitat longevity and social equity on a planetary scale in the 21st Century and beyond
Policy, which means politics and politicians, do not have the scale. Politicians are constrained by national boundaries and national interests as expressed through electoral politics and election cycles.
Pricing, which means Corporations and the Capital Markets, do not have that mission. The corporation is a financing agreement with the Capital Markets for Growth through Creative Destruction to deliver the volatility and growth that the markets need to deliver liquidity and opportunities for profit extraction to market participants.
Transition is not Growth.
Orderly is not volatile.
Destruction is not orderly. Or equitable. Or just.
Neither policy nor price has the duty.
Fiduciary Money has all three.
But Fiduciary Money is captured by the Capital Markets in a narrative that is in fact a sales pitch for the special interests of capital markets professionals in exercising monopoly control of this money, to keep it “focused on increasing profits for Wall Street” (Bernie Sanders)
This is a story of Assets, and Asset Owners, and Asset Allocations across Asset Classes and Asset Manager Selection by Consultants who benchmark them against each other for maximizing purely pecuniary risk-adjusted returns on investment extracted from other market participants.
“Addressing entrenched interests that highlight the downsides of every sustainability transition is crucial.”
Yes, but how?
The problem is money.
Money is the solution.
The problem is money is the solution.
We need to find money with the mission, the duty and the scale to take control of both sides of the transition- the away from and the towards-to mediate the tensions between convention and innovation to rapidly redesign and reconstruct our global energy supply ecosystem to be purpose built for energy sufficiency complete with habitat longevity and social equity on a planetary scale in the 21st Century and beyond
Policy, which means politics and politicians, do not have the scale. Politicians are constrained by national boundaries and national interests as expressed through electoral politics and election cycles.
Pricing, which means Corporations and the Capital Markets, do not have that mission. The corporation is a financing agreement with the Capital Markets for Growth through Creative Destruction to deliver the volatility and growth that the markets need to deliver liquidity and opportunities for profit extraction to market participants.
Transition is not Growth.
Orderly is not volatile.
Destruction is not orderly. Or equitable. Or just.
Neither policy nor price has the duty.
Fiduciary Money has all three.
But Fiduciary Money is captured by the Capital Markets in a narrative that is in fact a sales pitch for the special interests of capital markets professionals in exercising monopoly control of this money, to keep it “focused on increasing profits for Wall Street” (Bernie Sanders)
This is a story of Assets, and Asset Owners, and Asset Allocations across Asset Classes and Asset Manager Selection by Consultants who benchmark them against each other for maximizing purely pecuniary risk-adjusted returns on investment extracted from other market participants.
This is not fiduciary.
It is not sensible.
And yet, it is.
That is wrong.
We need the law to right that wrong.