Mining ‘Blue Gold’

UNESCO has unveiled this excellent atlas of hidden water around the world, in the service of providing a “legal framework for nations to manage water resources.

The increasing reliance on aquifer groundwater – because there is more of it and it tends to be less contaminated by industrial run-off – has been called the “groundwater revolution”.

But it is a revolution with worrying environmental consequences. In many parts of the world, around the Mediterranean for example, but also in the US and the Middle East, water tables are falling and aquifers are being infiltrated by seawater as agricultural practices pump water out faster than it can be replenished by rain.

This blue aspect of green weaves the scientific and political challenges into the sustainability conundrum, which is largely why it is a conundrum in the first place. After all, if we did not have limits and constraints to work within, there would be little reason to be worried about conservation or preservation. The prospect of significant resource limitations has usually meant one thing – war. UNESCO is attempting to head this off and good for them, especially because I’m not so sure that the prospect of significant resource limitations doesn’t still mean one thing. I mean we’re camped out in Mesopotamia for some reason, right?

But it’s utility of limits that I’d like to focus on; without them, we do things, like suburban sprawl, that are of course not sustainable resource-wise but they are bad for many other reasons. They are wasteful on a host of levels, from time and space dimensions to the spiritual realm in that we actually feel bad (depression, anyone?) from living in them. Go ahead and dispute this but there’s even a point of diminishing returns in which the suburban model of wanton nihilism is useful in the creation of counter-correctives like punk rock. I mean, really.

I’m just kidding and mean those dudes no ill will – they were just easy to find and their record label has a funny name. But limitations can be good and they are definitely green; working within them is an encapsulation of living against the rabid idea of freedom and exploitation toward every thing, person and place we see. Space and time constraints were indicative of every civilization that has come before us, and we should begin to realize some shared affinities with the best of the these, before we are overcome by our similarities to the most famous.

And while we’re at it, we should start looking for some of those hidden RR tracks that are buried all around us.

Mezzanine C.D.O.’s

This rundown of the end of Wall Street as we know it, by the guy who wrote Liar’s Poker, is gross. He and many of the people involved were/are absolutely revolted by what was going on, and in many cases, what they themselves were actually doing.

Danny Moses, who became Eisman’s head trader, was another who shared his perspective. Raised in Georgia, Moses, the son of a finance professor, was a bit less fatalistic than Daniel or Eisman, but he nevertheless shared a general sense that bad things can and do happen. When a Wall Street firm helped him get into a trade that seemed perfect in every way, he said to the salesman, “I appreciate this, but I just want to know one thing: How are you going to screw me?”

Heh heh heh, c’mon. We’d never do that, the trader started to say, but Moses was politely insistent: We both know that unadulterated good things like this trade don’t just happen between little hedge funds and big Wall Street firms. I’ll do it, but only after you explain to me how you are going to screw me. And the salesman explained how he was going to screw him. And Moses did the trade.

The thing is, and he elaborates on this, you couldn’t even make this cautionary tale required reading in business schools because all of the droolers there would take from it the exact opposite message. To them, green means one and only one thing.

And here we are.

Hustle up

New Flagpole column is up.

In which I attempt to savor the moment that was last week and use it to pivot toward talking about what better living means.

seducing the workers

It’s become somehow intuitive that employment or inflationary statistics showing gains for workers are bad for business, bad for the economy in general. This is, of course, a reflection of the allegiance to shareholders and only to shareholders as the most important actors in the economy. It is also patently absurd. But this is how most business news is presented – from the perspective of business.

Similarly, we have negative externalities like pollution that have for so long gone unpriced – as though protecting some inherent right to pollute (freedom!) is the baseline from which all discussions about pollution must spring. As long as this right is free and unregulated, the logic follows, it will continue unabated and in the near term appear to be an intractable problem to be managed delicately with the appropriate tone and language – much like workers making too much at the expense of shareholders.

So now that Henry Waxman (D-Calif.) is making noises about replacing John Dingell (D-Mich.) as Chairman of the House Energy and Commerce Committee, a position from which Waxman could and likely would push for more aggressive greenhouse emission limits, the U.S. Chamber of Commerce is, of course, signaling how “scary” that would be.

Yes, there would be implications for U.S. automakers and other manufacturers if we adopted a more responsible, perhaps incentive-based approach to how much and what kinds of pollution we spew into the air and with which we salt the earth – but shouldn’t there be? Who are we trying to mollify here?

The same questions apply to ‘saving’ the auto industry with suggested bailouts. From what are they being saved? From making horrible investment and design decisions about the products they offer? There is only one thing which can save them from that. It’s the same dose of reality that saves a worker from thinking that she will continue to have a job in an industry sector which has ceased to exist or moved to more ‘labor-friendly’ environs.  Confucius say:

By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest.

Image: Confucius presenting the young Gautama Buddha to Laozi

Public spaces

So, I always think there are way less of these than there probably actually are. Not only parks per se, like the champs du Mars above, but public, community gardens that are a combination of available land and whatever the local residents want them to be – fruit trees, vegetable patches, sports fields – whatever. There was an article in Harper’s from a while back (referenced here) about the community gardens that were springing up all over that blighted city, we’re talking row crops and feeding people in an urban environment. It didn’t seem so much to be the kind of idyllic Utopia you might imagine; just places where people could become re-attached to the land.

Some of the gaps in (my) perception come, of course, from living in the south, where ‘public’ anything is a kind of semantic variable meaning lesser and/or vulnerable – as in scary, as in, other people might be there.

But living other places, like the above, where space is at more of a premium, I’ve also seen the magnified role public space plays in people’s lives – and the enhanced meaning that derives therein precisely from sharing with so many others.

He probably doesn’t want word to get out but, in the first link, 50 Cent is behind the funding of the garden in Jamaica, Queens. Bette Midler’s got skin this game, too.

One thing maybe not so green – I only saw this article because I got a copy of the paper paper. Hmm.

Friday reading

Start here, and make sure you make it all the way.

Andrew Bacevich on the end of one particular form of arrogance.

From Kazantzakis’ Report to Greco:

As it was two thousand years ago, so today also life is again in a process of decomposition. But the problems that are destroying the equilibrium between the heart and mind today are crueler and more complicated, their solution more difficult and bloody. A simple message of utmost sweetness was discovered in those times, and salvation shone splendidly on earth, like springtime. No simpler, sweeter message exists. (1964a: 294)

and

We ourselves must bear the blame if we are villains, cowards, or liars, for although we have an all powerful force inside, we dare not use it for fear it might destroy us… How terrible not to know that we possess this force! If we did know, we would admire our souls. In all heaven and earth, nothing so closely resembles God as the soul of mankind. (1964a: 427-428)

Order-from-order

This is funny, not least because it shows how sensible the guy is:

When he was preparing for them (debates) during the Democratic primaries, Obama was recorded saying, “I don’t consider this to be a good format for me, which makes me more cautious. I often find myself trapped by the questions and thinking to myself, ‘You know, this is a stupid question, but let me … answer it.’ So when Brian Williams is asking me about what’s a personal thing that you’ve done [that’s green], and I say, you know, ‘Well, I planted a bunch of trees.’ And he says, ‘I’m talking about personal.’ What I’m thinking in my head is, ‘Well, the truth is, Brian, we can’t solve global warming because I f—ing changed light bulbs in my house. It’s because of something collective’.”

via.

This also brings up a great point about the costs associated with going more sustainable: mainly, that they are huge and we’ve got to get creative. I won’t even get into the weeds about the car-buying precipice upon which Mrs. Green and I have recently perched. Suffice it to say that while the options for hybrid, diesel, mpg and room (sedans only) are truly pathetic, fortunately they are also all ridiculously expensive.

So think about doing something to your house, like installing solar panels, or even roofing it with nano-solar material. You might as well double-plate your house in copper. But as others point out, there’s always room outside of the box.

it’s worth checking out what the city of Berkeley’s doing: As the mayor’s former chief of staff, Cisco DeVries, explains over at Grist, the Berkeley FIRST initiative, which gets underway next week, will let property owners install solar systems without paying the hefty upfront cost—instead, the city will issue a municipal bond to cover the installation, which is then paid back over 20 years via a new line item on the property owner’s tax bill. (If the property is sold, the tax is just transferred to the new buyer). The beauty of the thing is it’s entirely voluntary—no taxes, no mandates; it’s just that, if you do want solar power, it’s easier to finance. If Berkeley’s scheme ends up being popular, I’ll be curious to see if the private sector starts cobbling together similar offers.

I’m always thinking local, local, local in terms of our food and where it comes from. But switching our energy sources – directly using the sun for power in your house – will also be about scale, as the materials become commonplace, and public/private innovation on making the transition sufficiently affordable that it’s use can become widespread. A massive scale is necessary for all sustainability measures in concert – conservation, innovation, imagination. It’s only a paradox when we try to fit it into the way we have been doing everything.

Triple Bottom Line

There’s a backdoor reference to this in next week’s Hustle, so I thought it might bear out some explication.

Sometimes written as ‘TBL’ or ‘3BL’, triple bottom line simply stands for

People

Planet

Profit

In the language of sustainability, triple bottom line describes the environmental and social impact of an organization’s activities. The profit, therefore, is seen not in the usual context of being maximized no matter what – the lone and ultimate measure – but in harmony with the other two. Exactly. Sounds antithetical to what we’ve been slipped. The phrase was coined by John Elkington, co-founder of the business consultancy SustainAbility, in his 1998 book Cannibals with Forks: the Triple Bottom Line of 21st Century Business.

Triple Bottom Line is the acknolwedgement of a very natural limitation to the way business has been “done” for the last couple of hundred years. Absent people and planet there’s really little profit to be realized. How we’ve gotten so far removed from this speaks to many factors but there is little doubt about the institutional contempt in which corporations have held simple traits like honesty, which are fundamental to TBL. It speaks to the way the words are supposedly elevated, eptomized in the way that advertisers tout words like ‘sincerity’, ‘honesty’ or, my favorite, ‘trust’ in their ads like these are some kinds of freakish overlay concepts that come with an embedded voice over. It’s understood that if the business is solid and cutthroat as it should be, these will be nowhere else found.

And yet TBL is all about an honest profit, taking into account the effect of your endeavor on the human and natural capital required by it. In this context, the ‘single bottom line’ is nonsensical, like applying a balance sheet to a landscape. To have a net anything, discounting all transactional and opportunity costs, itself reeks of the finality that is the flipside of sustainable activity.

TBL is not a greenwash, but an accounting practice underpinning how a green business operates and, by extension, how society becomes sustainable.

So, with apologies to Howe Gelb, several cheers for Madame Triple Bottom Line.

Triple Bottom Line

There’s a backdoor reference to this in next week’s Hustle, so I thought it might bear out some explication.

Sometimes written as ‘TBL’ or ‘3BL’, triple bottom line simply stands for

People

Planet

Profit

In the language of sustainability, triple bottom line describes the environmental and social impact of an organization’s activities. The profit, therefore, is seen not in the usual context of being maximized no matter what – the lone and ultimate measure – but in harmony with the other two. Exactly. Sounds antithetical to what we’ve been slipped. The phrase was coined by John Elkington, co-founder of the business consultancy SustainAbility, in his 1998 book Cannibals with Forks: the Triple Bottom Line of 21st Century Business.

Triple Bottom Line is the acknolwedgement of a very natural limitation to the way business has been “done” for the last couple of hundred years. Absent people and planet there’s really little profit to be realized. How we’ve gotten so far removed from this speaks to many factors but there is little doubt about the institutional contempt in which corporations have held simple traits like honesty, which are fundamental to TBL. It speaks to the way the words are supposedly elevated, eptomized in the way that advertisers tout words like ‘sincerity’, ‘honesty’ or, my favorite, ‘trust’ in their ads like these are some kinds of freakish overlay concepts that come with an embedded voice over. It’s understood that if the business is solid and cutthroat as it should be, these will be nowhere else found.

And yet TBL is all about an honest profit, taking into account the effect of your endeavor on the human and natural capital required by it. In this context, the ‘single bottom line’ is nonsensical, like applying a balance sheet to a landscape. To have a net anything, discounting all transactional and opportunity costs, itself reeks of the finality that is the flipside of sustainable activity.

TBL is not a greenwash, but an accounting practice underpinning how a green business operates and, by extension, how society becomes sustainable.

So, with apologies to Howe Gelb, several cheers for Madame Triple Bottom Line.