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Mark Milne's avatar

As someone who began working in the international wealth management industry in Zurich out of desperation some 30 years ago (in B2B sales, no less), fresh out of university with no qualifications and in a foreign country where I did not speak the language, and who in recent years has been volunteering in climate change and making sure to no longer be associated with any of the typical BS of this industry, I really loved reading this piece. I have often wondered how on Earth people in my industry can claim to be masters of the future for the benefit of their clients, when they seem to do nothing but continue to consider our multiple looming disasters as investment opportunities, as challenges that nevertheless offer amazing opportunities for wealth creation, as they make no changes whatsoever to their investment portfolio construction except to continue to hunt for the right combination of exposure to "safe" investments and the newest growth markets. Your piece has shown me that what I had imagined to be true about many of my colleagues seems about right, that many of them realize that something is amiss but feel compelled to continue with business as usual to be able to continue to support their families at the very least. The financial markets are much broader than investing alone, but investments are the carpet under our feet. So much of what needs to be done today is not answered by investing, but rather needs action and capital that is not expecting a reward other than a chance at a future, but that is not how any of this works, is it? I also very much appreciate your point about how to make progress with those we may perceive as the enemy. Of the many events I have attended similar to the one you write about here, I have never attended one that gave me any reason to feel hopeful about a better future. I hope you realize that your presence is the ONLY reason that many of the attendees at this event can possibly have emerged with something exciting to talk about and a reason to perhaps feel some hope for what is to come and also to how they might just be able to help to achieve it.

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Tim MacDonald's avatar

"make a lot of money ... and then buy some influence"

This is gold.

A simple, real life statement of the truth no one is telling: in the world as it is today, if you don't have lots of money, you don't have any real influence.

Money matters.

And theories of social activism that don't include money, and it's importance to how we, as society, make the social choices that shape our enterprises that shape our technologies that shape our choices that shape our economy that shapes society and our shared future, end up impotently raging against the machine, Occupy Wall Street-style.

One reason that social activism doesn't talk about money today, except to vilify it - "They have money. We have bodies. That's the fight." says Bill McKibben - is that society does not have today the words we need to talk collaboratively and constructively about the institutions of money, their agency, their authority and their accountability.

Money is missing from our current social narrative about being social as humans together.

And yet, how much money needed to be aggregated and deployed for Rachel to have the experience she writes about so powerfully in the article she shares with us through this post?

Money matters.

We need to talk about it.

Rachel is a worker in words. Every journalist is. So is every lawyer, advertising executive, public relations professional, novelist and poet.

Every artist is a worker in words. Painters only paint what cannot be expressed in words (Edward Hopper).

These workers in words need to help us invent the new words we need, to talk about money.

Not to vilify, but to mobilize it.

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