3c hapter - Index of
3c hapter - Index of
3c hapter - Index of
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Slow Money 149<br />
like the nearly 8,000- square- mile dead zone in the Gulf <strong>of</strong> Mexico.<br />
There are now 400 identifi ed dead zones worldwide, up from 49<br />
in the 1960s. 3<br />
Tasch sees a direct connection between the speed <strong>of</strong> capital<br />
and the fertility <strong>of</strong> soil. Indeed, his description <strong>of</strong> our “ technologyheavy,<br />
extractive, intermediation laden food system” could just as<br />
easily describe our fi nancial system.<br />
It was against this backdrop that the idea for Slow Money<br />
began to take hold in Tasch’s overactive brain. Over 2008 and<br />
early 2009, he convened several regional gatherings that brought<br />
farmers, entrepreneurs, and investors together to discuss local<br />
needs. Along the way, he published Inquiries into the Nature <strong>of</strong> Slow<br />
Money: Investing as if Food, Farms, and Fertility Mattered (Chelsea<br />
Green, 2008), a meandering manifesto <strong>of</strong> sorts. He might have<br />
continued at this leisurely pace, had the fi nancial world not begun<br />
to unravel in 2008. Tasch decided to launch his not-yet-fully-baked<br />
concept. Slow Money could not wait.<br />
So, in September 2009, almost a year to the day <strong>of</strong> the Lehman<br />
Brothers collapse, more than 400 people from all over the country<br />
gathered in a farmers market building in Santa Fe for the inaugural<br />
Slow Money gathering. The crowd, a mix <strong>of</strong> New Age hippies,<br />
pr<strong>of</strong>essional investors, entrepreneurs, and farmers, noshed<br />
on locally sourced frittatas as Tasch opened the conference with<br />
a rambling but rousing speech. “This is the craziest thing I’ve ever<br />
done,” he began.<br />
Tasch, a tall, angular man with an unruly puff <strong>of</strong> salt- andpepper<br />
hair, is prone to digressions and asides, quoting Thoreau<br />
one minute and Tom Robbins the next. We live in an age where barriers<br />
are being shattered—the 6 billion population barrier, the billions <strong>of</strong><br />
instructions per second barrier, the billions <strong>of</strong> shares per day barrier. We are<br />
disoriented and seduced by speed. Our pr<strong>of</strong>i t- at- any- cost system has risen to<br />
the level <strong>of</strong> economic violence. We’ve got to slow money down. And did you<br />
know there are billions <strong>of</strong> organisms in a single gram <strong>of</strong> topsoil?<br />
It was a kaleidoscope tour <strong>of</strong> fi nance and fertility. In a way, it<br />
was hardly necessary. The fi nancial crisis had set the stage more<br />
eloquently than words ever could. And Tasch was preaching to the<br />
choir.