Sep 9Liked by Rachel Donald

This echoes something of Ian Gilchrist's work on the division of the brain - the left side detail heavy and concerned with the immediate while the right side has a broader, holistic view which is able to put the left side in context. He has been extensively interviewed on Youtube and while there is something of the cloistered academic about him he nonetheless has this wonderful arc of knowledge that is the hallmark of polymaths and with it a warmth and obvious love of the human race. That ticks my box!

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"But how can a sense of here be found in a cascading crisis converging across the globe like a web of steel cutting through ecosystems and constricting possibility?"

Sheldon talks, @27:07, about our "humanly constructed beliefs in reality that we share with others".

One of these beliefs is shared as the social contract through which we agree on how we define the economy. The prevailing social contract was inherited, without question, from the 20th Century. It is not fit for our purposes, or right for our times, in the 21st Century. It needs to be updated, and notated. Amended and Restated in the technical jargon of legal drafting.

One of the defects in our current social contract, that defines our economy as a market for allocating scarcity through price, is what Indra Adnan identified in an earlier podcast as "the missing social architectures of agency for human beings".

Those architectures exist. But our prevailing social contract does not recognize them.

An updated social contract needs to find them and recognize them. How will we do that?

A piece of common wisdom tells us one should never let a good crisis go to waste.

A good crises is arising in the United States even now.

Last Thursday, May 11, 2023, Big Oil sued The Pension Promise, for being disloyal to Big Oil. This is an attempted hostile takeover of the public good of prudent stewardship accountable to our common sense by the self interest of special interests that are against our shared public interest.

This attack must be repulsed.

In studying ways to repulse this attack, we will discover the laws of institutions as social architectures of agency by human beings acting in society, and within the laws of institutions, the law of fiduciary duty, and within the law of fiduciary duty, the power of our shared common sense as the legal standard of prudence and loyalty in the exercise of fiduciary powers for fiduciary purposes, and within our common sense, the prevailing practice of fiduciary finance, and through fiduciary finance, Finance more generally as one of the missing social architectures of agency that we need to find in the new social contract we need to agree.

This discovery of Finance will lead to the discovery of Civil Society (of which this podcast forms a powerfully important part) as another of the missing social architectures, giving us, along with Markets and Government that are not missing, a full complement of social architectures as: Civil Society; Finance; Enterprise; and Government.

And in this full complement of social architectures is one place where we can find "a sense of here in the cascading crises converging across the globe"

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