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Woody Tasch on "slow money"

By Mark Vanderbeeken - March 26, 2009

in Design Business

Woody Tasch believes it's time to pull the reins back on fast money and create a market that values the environment, local communities, and the natural world as much as it does financial growth.

His new book, Inquiries into the Nature of Slow Money: Investing as if Food, Farms, and Fertility Mattered articulates this vision.

A long-time venture capitalist and entrepreneur, Tasch knows Wall Street. He is putting that experience to work to create a different model of venture capital through a newly formed NGO called Slow Money, which will invest in companies that build natural and social capital as well as financial capital.

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Berkana

15 years ago

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The nature of "fast money" is not understood by the general public nor the design community. In our present day, money is literally created out of debt; all of our money is borrowed into existence. The banks don't lend out money they have, they lend out "checkbook money" (a.k.a. "credit") well beyond what they have currency reserves to back, and are even permitted to lend out credit on the basis of other people's deposits of credit.

To understand the nature of this system of money and how it *demands* growth just to continue without collapsing, I highly recommend Paul Grignon's documentary on the topic, "Money as Debt":

http://freedocumentaries.com/film.php?id=214

Our debt based monetary system virtually demands unsustainable growth.
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