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Posts Tagged ‘slow money’


by Woody Tasch

First, let’s admire this fist:

 

The Economist put this on its cover earlier this year to celebrate the Arab Spring.

Let’s use it, today, for the Occupy Wall Street movement.

People raising their fists, peacefully, against “greed is good,” against wildly inequitable distribution of wealth, against fortunes made on derivatives and bail outs and what Warren Buffett called “financial weapons of mass destruction.” Fists raised against fast money–you know, the stuff of 1,000 pt. drops in the Dow in 20 minutes and Goldman Sachs bonuses “trimmed to $16 billion.”

People raising their fists not against tyrants and political oppression, but against distant bankers and invisible investments, going who knows where on the planet and doing who knows what to who knows who in the ever-accelerating pursuit of maximum financial speed—more, bigger, faster, and unlimited gains for them with their hands on the levers.

I see your fists and raise you a tent. A tent?

Not just any tent. This tent:

In this tent on a farm field in Vermont last year, 600 of us from more than 30 states and several foreign countries gathered and committed $4 million to 12 small food entrepreneurs from around the country who are creating jobs, getting toxics out of the food chain, restoring soil fertility, preserving ground water, keeping carbon in the soil and out of the atmosphere, fighting diabetes and otherwise striking at some of the root problems—literally and metaphorically—or our economy and our culture. Showing the way towards life after fast food and fast money.

This is the tent of Slow Money.

In it, we are beginning to put some of our money to work as far from Wall Street as far can be… that is, near where we live, in things that we understand, things that bring tangible, immediate benefits to our communities.

We are starting with small food enterprises, which bring fertility to the soil of the economy: small organic farms, grain mills, creameries, local slaughterhouses, seed companies, compost companies, restaurants that source locally, butchers and bakers and, sure, a bee’s-wax candle maker or two, food hubs, community kitchens, community markets, school gardens, niche organic brands, makers of sustainable agricultural inputs, and more.

Could this be the beginning of a new kind of investing, something as powerful, in its own right, as protest? As powerful as conscientious objecting? Can we call it conscientious investing?

We invite some of you to take a break, let your arms down and give your fists a rest for a moment, and join us.

Our goal: one million Americans investing 1% of their money in local food systems, within a decade. We think this is the path towards an economy that is healthier, fairer, more balanced, more sustainable.

We are still small, but sprouting. 20,000 people have signed the Slow Money Principles. 2,400 have joined the Slow Money Alliance, a national network and emerging group of eleven local chapters that are facilitating the flow of millions of dollars into scores of small food enterprises around the country. The 2011 national gathering held in San Francisco this Autumn took another step towards this goal of one million Americans investing 1% in local food systems. We featured 30 new entrepreneurs, all currently seeking capital.

Can we design new systems appropriate to the realities of investing in the 21st century? By starting with direct relationships we bypass the intermediation that is taken to an extreme in modern finance. Each individual’s action to take 1% of their money and invest it in these entrepreneurs is paving the path towards a new economy, one based less on extraction and consumption and more on preservation and restoration.

While we use the 99%er side of our brain to protest against the bad 1%, let’s also use the Slow Money side of our brain, and our heart, to roll our sleeves up and begin investing a good 1%.

And maybe, just maybe, we’ll find our way to life after fast money.

Woody Tasch is Chairman of Slow Money, a national 501(c)(3) organization formed to catalyze investment in local food systems. Tasch is author of Inquiries into the Nature of Slow Money: Investing as if Food, Farms and Fertility Mattered. To get involved, start by signing the Slow Money Principles at: http://slowmoney.org/principles

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This week on Down To Earth Blog, Sequoia Lab Team welcomes Woody Tasch, Founder of Slow Money and author of Inquiries into the Nature of Slow Money: Investing As If Food, Farms and Fertility Mattered. Slow Money’s third national gathering takes place October 12-14 in San Francisco.

by Woody Tasch

Farmer Bob Comis recently suggested that the food movement is suffering from “multiple personality disorder.”

He argued that several vocal minorities—foodies, locavores and “smallists”—tend to dominate the food movement discussion, unrealistically distracting us from our ultimate objective: bringing affordable, organic food to all as part of a broader commitment to social justice.

For decades, now, organic farmers and sustainable food activists of all stripes have been vexed by the question:

Is this a movement? Can it scale and have meaningful impact?

At one eloquent and entrepreneurially-impeccably-credentialed end of the spectrum stands farmer Joel Salatin:  “Don’t let them confuse you. Organic farming is not an industry. It is a movement. It is part of a movement that began when the first indigenous peoples fought against the Conquistadors. It is fighting back against the modern Conquistadors, the multinational corporations, those who would patent and genetically modify life and destroy diversity.”

At the other eloquent and entrepreneurially-impeccably-credentialed end of the spectrum stands Stonyfield Farm CEO Gary Hirshberg:  “I hate the ‘m’ word. Organics is an industry. We must build and utilize industrial-scaled enterprises, if we are going to get toxics out of the food chain in one generation.”

There are 6,132 farmers markets in the U.S., up 350% since 1994. There were 60 CSAs in 1990; today there are almost 13,000. Some 400,000 people belong to them. That seems movement-ish, until you consider some countervailing data. 50,000 in Copenhagen, alone, belong to a single box scheme. More than 60 million people play Farmville online. McDonalds first quarter profits in 2011 were $1.21 billion, up 11% from Q1 2010.  So, despite FOOD INC.’s nomination for an Oscar, Michael Pollan’s single-handed splicing of the local, organic food gene into the American consciousness and Jamie Oliver’s much ballyhooed “Food Revolution” on TV, where’s the (grass-fed, organic) beef?  Where’s the movement?

The beginning of an answer lies with Paul Hawken, who beautifully argues in Blessed Unrest that it is a fool’s game to try to put a single name on the millions of initiatives emerging around the globe as an immune response to the destruction of natural systems. Add to Hawken’s prognosis Wendell Berry’s disdain for movements. Berry fears that movements, however well intentioned, devolve into warring special interests, abstractions that deflect us from reducing, in our daily lives, our complicity in the destructiveness of the modern economy.

Where does that leave us?

Well, being stubborn, slogan-loving Americans, we could try to come up with names anyway:  Foodie, locavore, vegan, localism, smallism, anti-GMOism, anti-Conquistadorism, anti-Twinky-ism, raw milkism, school lunchism, ethical treatment of animalism, family farmism, urban farmism, farmers market vs. Wal Martism, heirloom variety-ism, real foodism, slow foodism, indigenous culturism, nurture capitalism, biocharism, terroirism.

Or we can zoom out, and zoom down, and look for the broader and deeper process of which all this food related activism is a part.

THINK:  Eliot Coleman’s advice, “Feed the soil, not the plant.”

THINK:  Gary Snyder’s observation:  “Food is the field in which we daily explore our harming of the world.”

THINK:  Joan Gussow’s aphorism, “I prefer butter to margarine, because I trust cows more than I trust chemists.”

THINK:  Odessa Piper’s insight, “Local is the distance the heart can travel.”

Along this Coleman-Snyder-Gussow-Piper axis lies the connection between the food movement and its deepest roots, which reach all the way to nonviolence.

This enterprise that we are a part of, with its new organic farmers and the host of small food enterprises that are emerging to bring their produce to market, is about an economy that does less harm. It’s about rebuilding trust and reconnecting to one another and the places where we live. It’s about healing the social and ecological relationships that have been broken by hundreds of years of linear, extractive pursuit of economic growth, industrialization, globalization and consumerism. It’s about pulling some of our money out of ever-accelerating financial markets and its myriad abstractions—called, with more than a little irony, securities—and putting it to work near where we live, in things that we understand, starting with food—creating a more immediate and tangible kind of security.

This attention to and, even, celebration of the small, the slow and the local can seem, at times, rather precious against the scale of global economic, political and environmental challenges. But it was agriculture that gave birth to the modern economy, and, as Paul Ehrlich recognizes, it must be agriculture that we fix if there is to be a postmodern economy:

“The agricultural revolution led to a period of cultural evolution unprecedented in its rapidity and scale…. It is a story that starts with the obtaining of food but returns us to two aspects of human behavior that, although present in hunter-gatherers, became even more important in sedentary groups—religion and violence.”

CSAs to the rescue. Local Harvest and Greenling and Green Mountain Creamery and  Mamma Chia and Revolution Foods and People’s Grocery and Gather Restaurant and Shephard’s Way Cheese and High Mowing Organic Seeds and Growing Power and Slow Food and the Business Alliance for Local, Living Economies and RSF Social Finance to the rescue.

Can we imagine a pro-soil, pro-earthworm, pro-small farmer, anti-fiduciary-razzmatazz, pro non-capitalist-pig movement that becomes as robust in this second decade of the 21st century as the anti-war movement was in the 1960s?

Peace Now.  Fertility Now.  Food Here Now.   Slow Money.

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