“Putting your house in order, if you can do it, is one of the most comforting activities, and the benefits of it are incalculable.”
It’s been a while since I’ve heard Charles Eisenstein talking … in The Fertile Ground of Bewilderment it feels like a fresh wave of crystallization is passing through him:
“… the core is changing … interbeing is the truth. We can only surpress it at great and growing effort, until we become exhausted. It’s like a parking lot covered in cement … if you don’t constantly maintain it in a state of ugliness then beauty will errupt. Dandelions will come up, it will crack and in fifty years it will be beautiful. And we are getting exhausted now at maintaining an ugly world.”
Iulia and I joined her sister (and a couple of her friends) to visit a hot-air balloon festival which takes place regularly this year not too far from us (~2 hour drive). Fortunately (because we did not register in advance and because morning flights were cancelled due to climate conditions) we were able to get places on a balloon.
A couple of test balloons (party sized, not people sized) were released by the event organizer and it was decided that we could not take off from the festival grounds because winds would have carries us into forest areas where there is no place to land … so we got into cars and drove out ~8km … where we stopped in a field, and another test balloon was launched … and it was decided that this location wasn’t good either … we drove back a bit to another location … apparently this a routines part of hot-air ballooning.
In the next field the 3 balloon teams started unpacking
and doing some navigation planning
then out came fans which started to blow air into the balloons
I was too preoccupied taking pictures to help but Iulia wasn’t …
Finally, when there was enough air in it was time to activate those powerful burners
… and pretty soon the balloon was upright and we were inside it
… one balloon took of before us
… then another balloon took of
… and finally we were going up
… and the ground quickly started moving away
and we got a whole new perspective of the area we were in
We were a group of 3 balloons in radio contact. If I understood correctly navigating a balloon is done by changing altitude. Wind strength and direction is different at different altitudes. In choosing the balloon’s altitude the captain is actually choosing what winds will be carrying the balloon. Sometimes we were up and and sometimes down. Sometimes we couldn’t easily tell if a neighboring balloon was coming down or we were going up
The flight was short 20-30 minutes … a small tree (behind the balloon in the picture below) got in the way or our landing … and the spot we were in wasn’t really accessible by car … so when the driver finally arrived (found us) the team started moving the balloon down the hill … the captain was gently adding heat and the other two were dragging the balloon towards the car …
until the two were oneo again and the balloon started coming down
… and if like we were, you too are wondering how that thing is deflated … you can gradually folded it from the basket end … but our team had what looked like a massive twisted exhaust pipe which did the trick … though is not as easy to use as one would think it is … looked like tough work
and then the balloon was repacked … and that was ALMOST the end of that
because the team that was flying Iulia’s sister had an even less fortunate landing that involved an oak tree that wouldn’t give … and way up the hill where their car couldnt’ reach either … so it had to be started up again and as with our balloon had to be carried a much longer way down the hill where it too was folded and packed … here it is being fired up again
so we arrived back at the festival grounds late and hungry … but with a sweet experience of flying in a hot-air balloon 🙂
A beautiful example that business CAN be made simple and sweet:
“But first, there are a million ways to spin-off a company. And most of them are fucking complicated. Complicated stuff is anathema to us at Basecamp, so anything messy, extensively lawyer-y, protracted, knotty, or otherwise elaborate was off the table. So what was simple?
… So we decided to give Claire half of it. We’d own 50%, she’d own 50%. Her 50% wouldn’t cost her anything.
We wanted her, she was up for the challenge, and the money that she would have to normally come up with to buy-in wasn’t an amount that mattered enough to us to put any hurdles in the way of making it happen. Plus, we didn’t have to mess around with silly valuations either. Why complicate things?
We’d maintain that 50/50 partnership until she generated $1,000,000 in new sales. It could take 3 weeks, it could take 3 months, it could take 3 years. The $1,000,000 was cumulative — she’d hit it whenever she hit it. And when she did, we’d flip the partnership in her favor. She’d now own 75%, and we’d own 25%. And that’s how it would run in perpetuity.”
The source post includes the actual term sheet:
First I came across this article about negative interest spotted in the wild. I was surprised to see this manifest so soon. Things seem to be moving faster.
But then I came across this even more interesting article about negative interest backfiring. Basically a person who just manages to get by from a monthly income and is trying to save for retirement, watches with worry, when any saving she is able to set aside (without investing it in any risk-related monetary tools) shrinks due to negative interest.
There seems to be a conflict between the underlying story of negative interest and the underlying story of prevalent money / economics. The latter is a story of unlimited economic growth – a growth imperative rooted in interest is built into it. Negative interest, however, comes from a story in which money is in a constant state of healthy flow – systems of either steady-state or degrowth economics. It seems that prevalent economic, in its religious clnging to the growth imperative, is trying to subvert negative interest for its own means – to induce economic growth. But apparently that is not working.
To get an idea of what an alternative “retirement fund” could be we need to look past money and to reflect about the functions we expect it to provide. Lets say that when I retire I want to know that I will have a place to live, access to good food and people who will be able to support and care for some of my needs as I become less able to do so myself. What if instead of setting aside money to be able to buy these things in the future I could invest money I currently have in social enterprises that would create infrastructure that could provide me with those services. The level of my investment in these services would determine the level of service that could be made available for me when I retire
Near zero interest rates and a destablized global economy make it very difficult to create money-based savings for retirement. Now imagine negative interest applied in such a world. Instead of worrying about future value of money or watching it lose its value sitting in a savings account would it not be a better option to invest it in social enterprises that would provide me what I would like to have when I retire?
It seems we are arriving at negative interest for wrong reasons – to extend the myth of econmoic growth. That may lead to a deeper problem: that we then dismiss negative interest as a failed tool and reject it in the future. I hope we can realize and discern that the conditions are not yet right for negative interest. That it is better understood as a tool that needs to be applied in the context of other tools and changes … in service of transforming the underlying story of money instead of prolonging the one that is currently failing us.