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A Conversation with Economic Provocateur Catherine Austin Fitts

May 6, 2013 Events No Comments

CatherineSJ103rec140Catherine Austin Fitts has been to the halls of power and has the battle scars to prove it. After a withering battle with the federal government, Catherine emerged with a new goal, to add transparency to the World’s financial wheelings and dealings and create a method to help individuals invest and take wealth back.

From her personal wealth site at Solari.com Catherine helps people understand how to build real wealth that’s healthy for investors, companies and the World.

We had a chance to talk to her about community wealth, GIS and her thoughts on how terrible B-corps. are.

About learning how counties manage their wealth:

A county is a molecule and the planet is the body. You can see the entire planet in one molecule and if the molecule isn’t healthy guess what.

“I once wrote a curriculum to teach high schoolers economics and I organized it around the economics of place because if you can learn your county, it’s all there.

If you look at how the economy of a county works, the physical environment of the living systems, the whole financial ecosystem is invisible to folks. The design challenge is how to make it visible. The tools are there, but the funny thing is whenever anyone has tried to do it, there’s all these political issues that come up. So it’s not just a question of making it visible, but a question of how do you make it visible in a way that’s healing.

About using GIS to better understand housing investment:

When we were working on Community Wizard, it was amazing what you could see with GIS. All my career as the assistant secretary of housing and then as the lead advisor, 4 or 5 years straight , I’d been given lists of FHA inventory in Washington DC and then we put it in GIS and here’s 16th street running right down the middle with all the FHA housing on one side, and none on the other side. “This is where the poor people live, this is…”

I looked at the inventory in GIS and it gave me an entirely new perspective I didn’t have on the list.

About B-Corps:

I think B-corps are a terrible idea. On a scale of 1 to 10 with 10 being excellent and 1 being terrible, they’re a 1.

Think of it this way, we have a problem in this society, we have a group of people who can kill with impunity. They run around and cause fraud and a mess and everyone says ‘we need solutions! ‘ B-corps make life much more complicated for honest people and creates far more legal liability for honest people.

B-corps significantly increase the liability for people trying to do good. I have to compete with the bad guys, but they’ll use all these dirty tricks which include getting Congress to make life more difficult for everyone else. So what you did was just handicap yourself against them.

Let’s look at the whole financial ecology, we have honest hard working people and we have people who will kill with impunity who are using that power to centralize. We want to make life more expensive and difficult for those people and make life easier for honest hard working people. So whenever we add complexity to the honest folks, it’s just to the advantage of the others.

It’s just going to herd people into a space that others can control them. The B-corp is just self-imposed complexity.

To learn more about Catherine and her investment strategies to improve transparency and sustainability in our economic system at her site: Solari.com.

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