Mamdani’s rise (and the billionaires’ panic) proves people are hungry for systems that prioritize well being over endless growth. Do you think this movement could also push degrowth ideas into mainstream politics?
But what is his view on growth vs degrowth? I have found that virtually all politicians and parties are in favour of the former which is one of the reasons why I have given up on our political systems and its players as being useful to look towards for any type of mitigation to our ecological overshoot predicament.
The new socialism is not in Politics. It’s in finance. Specifically, fiduciary finance as the aggregation of society’s shared savings into social trusts for socially provisioning the social safety nets of Workforce Pensions and Civil Society Endowments and the allocation of those aggregations as money made to flow into enterprises for their use in doing their work for a time, at a cost and on terms that socially configure the businesses that socially configure the technologies that socially configure the choices that socially configured the economy that socially configured society that socially configured the future as our true frontier.
Currently these aggregations are being allocated through the financial mathematics of ownership for profit extraction through securities trading.
That practice has turned prudent stewards of income and safety for security and dignity into Asset Owners financing Asset Manager funding Neoliberal narratives of Growth as the perfect proxy for the right economy.
This practice is failing.
We need an upgrade in fiduciary practice through the innovation of a new fit-for-fiduciary-purpose financial math of equity paybacks to an actuarial/fiduciary cost of money, plus opportunistic upside, from enterprise cash flows prioritized by contract for suitability, longevity and fairness financing a new economy of predistributive stewardship accountable to the common sense of prudent people familiar with such matters, under the circumstances then prevailing, as new 21st Century planetary citizens in a new 21st Century planetary commons of fiduciary money financing a new economy of adaptively evolving suitability, longevity and fairness.
Mamdani’s rise (and the billionaires’ panic) proves people are hungry for systems that prioritize well being over endless growth. Do you think this movement could also push degrowth ideas into mainstream politics?
That's what I'm hoping for.
But what is his view on growth vs degrowth? I have found that virtually all politicians and parties are in favour of the former which is one of the reasons why I have given up on our political systems and its players as being useful to look towards for any type of mitigation to our ecological overshoot predicament.
This right here: "Maybe mass selfishness isn’t the best system."
The new socialism is not in Politics. It’s in finance. Specifically, fiduciary finance as the aggregation of society’s shared savings into social trusts for socially provisioning the social safety nets of Workforce Pensions and Civil Society Endowments and the allocation of those aggregations as money made to flow into enterprises for their use in doing their work for a time, at a cost and on terms that socially configure the businesses that socially configure the technologies that socially configure the choices that socially configured the economy that socially configured society that socially configured the future as our true frontier.
Currently these aggregations are being allocated through the financial mathematics of ownership for profit extraction through securities trading.
That practice has turned prudent stewards of income and safety for security and dignity into Asset Owners financing Asset Manager funding Neoliberal narratives of Growth as the perfect proxy for the right economy.
This practice is failing.
We need an upgrade in fiduciary practice through the innovation of a new fit-for-fiduciary-purpose financial math of equity paybacks to an actuarial/fiduciary cost of money, plus opportunistic upside, from enterprise cash flows prioritized by contract for suitability, longevity and fairness financing a new economy of predistributive stewardship accountable to the common sense of prudent people familiar with such matters, under the circumstances then prevailing, as new 21st Century planetary citizens in a new 21st Century planetary commons of fiduciary money financing a new economy of adaptively evolving suitability, longevity and fairness.