There is an imperative for a new paradigm that goes beyond sustainable development, one that involves a collective vision for redesigning our civilization, drawing inspiration from nature through biomimicry. At the heart of this transformation is working within planetary boundaries and embracing a bioregional framework, which takes into account local community efforts and nature's context.
To fulfill the grand aspirations of regenerative development and economic transformation, it is essential to establish guiding principles for future inquiry and create contexts that are resilient and adaptable. Adopting a localized approach to development and financing allows for improved coordination and tailors solutions to the needs of specific communities.
A new Modern Portfolio Theory must be crafted for the 21st century, integrating impact investing with economic development through a shift in approach. This new perspective should embody regeneration, nurturing ecosystems and communities, and creating ‘living laboratories’ for testing and applying innovative development frameworks. Fiduciary responsibility should extend far beyond financial capital to encompass all eight types of capital, reflecting a holistic and long-term view of wealth and well-being. Offering these insights and tools as a public utility, instead of for private gain, and empowering sovereign communities for a new type of stewardship of our collective inheritance of the true wealth.
The fusion of new mindsets and cooperation and cross pollination between groups is essential in integrating impact investing with economic development in bioregions, through an approach that is deeply rooted in living systems and bioregionalism.
Such systems should embrace complexity, foster connectivity, promote diversity, cultivate resilience, be grounded in place, regenerative in nature, community-led, and holistic in approach. This is seamlessly linked to the new paradigm of living systems for capital markets, which posits that economic development and traditional finance must evolve synergistically, with principles from living systems integrated into finance to bolster a resilient and sustainable future.
Were we to allow finance to simply evolve to serve the 21st century needs for what I feel are the 5 R's relationship, resilience, regeneration, reconciliation, and reverence, in partnership with the community of all life. This would turn finance into a better tool in service to our humanity, to meet the needs of current and future generations at the same time, by simply waking up out of our dream of separation from life into seeing our belonging, each of us in community with the whole of humanity and our massive inheritance of the bounty of earth.
The bioregional capital markets systems enables us to vision the future in ways that help us manifest the future by accelerating the adoption of the solutions, building on the term “the future is already here, just not widely distributed” - and the past is here too.
Since we are in the midst of a crisis of perception, a conceptual emergency, our institutions based on old thinking have reached their limit of functionality, and imaginal capabilities, yet we must transmute the body of the old ways into the new in exactly the manner that a caterpillar becomes the butterfly, through transmutation, shapeshifting.
Since, there is nothing in our cultural history, or in the cultural code of the institutions we all have inherited, that has adequately prepared us for the evolutionary challenges we now face. We must realize that for institutional transformation the solution for how to get out of the box is outside the box.
This transformation is requires thinking and strategy similar 3D chess network evolution, local regional and systemic simultaneous transformations, where many-to-many relationships and market design are nurtured through collective intelligence and co-creation, resulting in an omnicentric landscape that acknowledges the interconnectedness of all elements and all living beings.
This essay is a synthesis of what we learned in our efforts with the City of San Francisco in 2013-2014 expressed in this May 2014 article "Communities Co-Evolving Toward Reslience"