“ Phoebe raised the fascinating question of whether or not we have a moral, ethical and existential right or responsibility to leave behind a healthy environment for future human beings.”
Can we add to this the question of what are the legal fiduciary duties of society’s shared savings aggregated into social superfunds for retirement security (pensions) and other social goods (endowments) to finance enterprises that shape our economy into a safe house for humanity, now and in the future?
"How do we create a world that protects all of those people? To start, we must discard the script of individualism."
The "script of individualism" is one way of referring to the first article of faith in the economic ideology of Neoliberalism: The Invisible Hand.
This article of faith professes that all decision made in society, about the shape of our economy and other things, are made by each of us, as individual, choosing for ourselves, individually, each deciding according to our own self-interest, as we determine for ourselves what is in our self-interest.
The unvoiced corollary to this rule is the institutions don't matter in social decision making.
Anyone who has ever worked in an organization of any kind knows that is nonsense. Institutions are legally constituted organizations given the status of personhood under the law and before our courts. Each is constituted for a specific purpose and invested with specific powers through which to pursue that purpose, wired with a unique institutional logic for exercising those powers to achieve that purpose. Individual empowered to speak for an institution are speaking with the voice of that institutional logic about power for purpose, not as the informally elected spokesman for all the other individuals working within that institution who magically align their own individual judgements with the logic of the institution.
So institutions are important because they have an opinion that expresses its own self-interest, as an institution.
Also, decisions in the markets are not made by people. They are made by money. Or, rather by people with money. The more money you have, the more power you have to shape the choices that get made in the markets. And institutions have the most money of anyone. So institutions have the most power in the markets. They matter, very very much.
And the institutions that have the most power in the markets today are the institutions that own, as fiduciaries, the tens of trillions of society's shared savings aggregated, collectively, worldwide, into social superfunds for retirement security (pensions) and other social goods (endowments), invested with the power to negotiate and the purpose to negotiate towards security in the future, for people alive and living in the future.
The stewards of these social superfunds are accountable under the law for prudence and loyalty according to the common sense of reasonable people.
This is where "If one can encourage a people or community to do something together, it may very well not be perceived as a reduction in one sort of individual autonomy, but as an increase in one's individual capacity to act as part of the collective."
We can create a new 21st Century Global Citizenship through an Awakening to the truth that Fiduciary Money. owned and controlled by Pensions & Endowments truly constitute a new 21st Century Global Commons, with the purpose to be there in the future and the power to negotiate with enterprise directly to shape an economy that will be there in the future in a good way fore those who are alive in that future.
“ Phoebe raised the fascinating question of whether or not we have a moral, ethical and existential right or responsibility to leave behind a healthy environment for future human beings.”
Can we add to this the question of what are the legal fiduciary duties of society’s shared savings aggregated into social superfunds for retirement security (pensions) and other social goods (endowments) to finance enterprises that shape our economy into a safe house for humanity, now and in the future?
Resilience means diversity. Great thought and thanks for reminding me!
"How do we create a world that protects all of those people? To start, we must discard the script of individualism."
The "script of individualism" is one way of referring to the first article of faith in the economic ideology of Neoliberalism: The Invisible Hand.
This article of faith professes that all decision made in society, about the shape of our economy and other things, are made by each of us, as individual, choosing for ourselves, individually, each deciding according to our own self-interest, as we determine for ourselves what is in our self-interest.
The unvoiced corollary to this rule is the institutions don't matter in social decision making.
Anyone who has ever worked in an organization of any kind knows that is nonsense. Institutions are legally constituted organizations given the status of personhood under the law and before our courts. Each is constituted for a specific purpose and invested with specific powers through which to pursue that purpose, wired with a unique institutional logic for exercising those powers to achieve that purpose. Individual empowered to speak for an institution are speaking with the voice of that institutional logic about power for purpose, not as the informally elected spokesman for all the other individuals working within that institution who magically align their own individual judgements with the logic of the institution.
So institutions are important because they have an opinion that expresses its own self-interest, as an institution.
Also, decisions in the markets are not made by people. They are made by money. Or, rather by people with money. The more money you have, the more power you have to shape the choices that get made in the markets. And institutions have the most money of anyone. So institutions have the most power in the markets. They matter, very very much.
And the institutions that have the most power in the markets today are the institutions that own, as fiduciaries, the tens of trillions of society's shared savings aggregated, collectively, worldwide, into social superfunds for retirement security (pensions) and other social goods (endowments), invested with the power to negotiate and the purpose to negotiate towards security in the future, for people alive and living in the future.
The stewards of these social superfunds are accountable under the law for prudence and loyalty according to the common sense of reasonable people.
This is where "If one can encourage a people or community to do something together, it may very well not be perceived as a reduction in one sort of individual autonomy, but as an increase in one's individual capacity to act as part of the collective."
We can create a new 21st Century Global Citizenship through an Awakening to the truth that Fiduciary Money. owned and controlled by Pensions & Endowments truly constitute a new 21st Century Global Commons, with the purpose to be there in the future and the power to negotiate with enterprise directly to shape an economy that will be there in the future in a good way fore those who are alive in that future.