Dr King spent his last precious hours advocating for the economic rights of African American sanitation workers in Memphis. In his broader vision, this was one arm of a struggle for justice for the poor and powerless that spanned divides of gender and race.
I recently met Ryan Harrison at the Conference on Fairness, Accountability, and
Transparency and he shared his amazing post on socially responsible or as he puts it solidarity based investing.
The post, at least for me, presents a new way of thinking about “return on investment”. In other words, the “return” is the uplift and empowerment of our communities in ways that seek to build equity for all instead of maximal profits for a few.
In our brief conversation, Ryan schooled me on bail bonds funds as one example. Since many people can’t afford the bond for minor traffic violations and misdemeanors, they end up having to do jail time, miss work, lose jobs, and thus end up in a downward poverty spiral. Since it’s not supposed to be a crime to be Black, Brown and Poor, non-profit funds such as the Bronx Freedom Fund were setup to provide a route of this particular trap. An investment in the bail bond fund is a direct investment in the economic viability of a given community — like the South Bronx.
As Ryan points out, the move away from the traditional 401k/IRA can be gradual — say 10% of your investment funds allocated to solidarity investments. It is the start of the journey that matters.
The options for where to put your solidarity dollars range from grant based investing (like bail bond funds or in local food cooperatives like the one in the featured image by Steven) to direct lending programs (like Canopy Coop in Boston) to more traditional equity investments like the Shared Capital Cooperative .
Gayatri Sethi (my life partner) is working on a education platform called Alt-College that’s based on this solidarity model.
Do you have any suggestions on efforts to invest in? Strategies that you have put into place for socially conscious investing? Please share!
The Atlanta WordCamp is an annual gathering for people that use and develop WordPress sites. Although it is put on by and for the Atlanta WordPress community, I met people from all over.
I gave a talk there Sunday (4/15/18) on the state of inclusion in distributed companies. Since WordPress is maintained by a distributed company (Automattic, by employer) and an open source community, the subject is of great relevance.
Let me know what you think. There are more unanswered (and unasked) questions than answers.
Mind filling out this survey if you work at a distributed company or work remotely?
The discussion was lively and thought provoking. A few takeaways:
- It’s important to be explicit about the excluded groups in your company. Only through getting the discussion going can progress be made.
- Many people are still concerned about revealing their race/ethnicity/physical ability (even on EEOC questions at end of hiring applications).
- How do we deal with the bias in reaching out to more diverse populations.
- How do excluded groups even know where to look for positions, when even job search has build in exclusivity.
- How can independent consultants and free-lancers be advocates in this space?
- Is the Internet really the equalizer we think it is?
- How do we start?
I was delighted by the inclusiveness evident in the conference organizers and attendees. One of the many beautiful things about Atlanta.
Please comment and add your questions!
Sometimes I’ll glance out the window of an airplane and think “Now that’s someplace I need to check out”.
Have y’all ever visited a place that you first caught sight of out the window– of a bus, a train, or the car — and been intrigued? To the point of wanting to visit that place?
For me a couple places stand out. Gayatri and I once passed over Tunis at night on the way back to Chicago from Gaborone. This was before the cell phone era so you’ll have to use your imagination.
This place below, which I can best figure is near Qikiqtarjuaq in the Canadian Arctic seemed so intriguing with its glacier.
The same flight passed over Svalbard, Norway (if you’ve ever read The Golden Compass) but I didn’t have the presence of mind to get over to the window seat!
The African-American Artic explorer Matthew Henson was a hero of mine back in the day — so yea, something about the Arctic has always appealed.
We did a fly over the Okavango Delta.
We really want to give it a good walk around (but not within stompin’ range of the elephants)
Maybe you’ve also passed over Glen Canyon heading to California
So what places have called out to you from the window of a plane, a bus, a train, a car?
Maybe you’ve followed that call? You’ve gotta share that adventure!