As trust is lost in the global financial system and its intermediaries, surplus investment capital seems stranded in ever more risky international asset flows. Are there ways of re-routing investments towards local processes that rebuild communities and food systems? Will alternative investment strategies develop in time to challenge the failing narrative of a standard approach to retirement savings?
On Extraenvironmentalist #77 we talk about developing an investment paradigm for the future that’s rooted in local business and healthy food, first with Michael Shuman of Cutting Edge Capital and author of Local Dollars, Local Sense: How to Shift Your Money from Wall Street to Main Street and Achieve Real Prosperity. We ask Michael about ways to invest locally that have the potential for better returns on capital and community cohesion while getting thoughts on the coming revolution in crowdfunding. Then, we speak with Carol Peppe Hewitt about the idea of Slow Money and ways that it can rebuild our foodsheds as detailed in her book Financing Our Foodshed: Growing Local Food with Slow Money.
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