Tag Archive: Federal Reserve

July 18, 2017

Letting Go For Life, Liveliness and Response-ability, Part 1: Why?

Photo by Neal Fowler, shared under the provisions of Creative Commons Attribution license 2.0.

(I want to give a BIG shout out to Marsha Boyd for helping to inspire this post with her words and spirit. Thank you, Marsha, for your collegiality, mentoring, and leadership by example!)

For the past couple of weeks, I have been savoring a book by Nora Bateson entitled Small Arcs of Larger Circles: Framing Through Other Patterns. Bateson is a filmmaker, writer and activist, and also the daughter of Gregory Bateson, ground-breaking anthropologist, philosopher, systems thinker, cyberneticist and author of Steps to an Ecology of Mind. Small Arcs of Larger Circles is a mind-stretching and heart-opening amalgamation of essays, poetry, personal stories and excerpts of talks. Throughout Bateson offers a ranging exploration of systems theory and complexity thinking with an invitation to embrace a broader epistemological lens (what people think of as sources of legitimate knowledge) including embodied knowing and aesthetic experience.

In an essay entitled “The Fortune Teller,” Bateson explores the human tendency to stave off consciously or unconsciously anticipated disaster and decline by trying to keep things stable or as they have been. Think the most recent financial crisis. A recent article on the site Evonomics entitled “It Takes a Theory to Beat a Theory” reminds us of the story of former Federal Reserve chairman Alan Greenspan, a champion of unfettered capitalism. Greenspan fought against initiatives to rein in derivatives markets even as there were signs of turbulence and calls to make substantial changes. On October 23, 2008, Greenspan admitted he was wrong, making the following statement to the House Committee on Oversight and Government Reform: “Those of us who have looked to the self- interest of lending institutions to protect shareholders’ equity, myself included, are in a state of shocked disbelief.” But what has significantly changed? Or consider a very recent article about local government efforts in Ventura County, California to site a new fossil fuel plant on a beach starting in 2020 that ignore protests from organized low-income residents concerned about air quality and lack of access to the beaches, and environmental organizations pointing out the real danger stemming from underestimations of sea level rise.

Photo by Duncan Hill, shared under provisions of Creative Commons Attribution license 2.0

While in some ways understandable (few of us probably like the idea of collapse and chaos), actions taken to preserve a certain kind of order and direction (not to mention power and privilege) can be particularly perverse when they reinforce the very patterns that are leading us down the road to collective ruin. And what more people are beginning to sense is that many social, economic and political patterns that have been established and gotten us to where we are must change for the sake of long-term survival and thriving. Read More

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