In my previous two blog pieces I spoke about the stock market and how global financial and capital markets came to where they are at today, or so it seems they are. I got to thinking today. Why is it that human beings, who are largely speaking caring people, are prepared to support things that are destroying our planet, quite literally: Investing in mining, nuclear energy and other things that are not doing us any good. Mining is ‘necessary’ in some sense of the word, as if it all stopped tomorrow, our way of life (mine included, obviously and I am fully aware of that) would change very drastically.
The reality of things is that most people can’t just stop depending on fossil fuels. Having said that, as we go on using fossil fuels, we are progressively ruining our world – particularly the more aggressive and invasive practices of getting them such as fracking. So why is it that not only are we using fossil fuels, but actually investing in them, when they are ruining the world for future generations? I think the answer is that most people don’t actually see it in this way. One of the main reasons for this is that the actual stock market is incredibly abstracted. Typically people who want to invest go through a stock broker or through the internet, but a lot of what gets invested is not that obvious to the investor. We could talk about the whole way that markets evolved, but the reality of it is that it is a widely used mechanism to finance companies, with the main point being gaining money personally from the investments that are made.
My thought on this is that, people don’t set out to invest in destroying the world, but they are not digging deep enough to understand what their money is being invested in. There is one other point, which I have detailed before. We’re getting to the stage where the majority of investments in the stock market are from a very small percentage of the world’s population, which is making it very elitist, making the rich more wealthy, and the poor more poor. What we need to do is know where are money is going, as when we have no control over it, it will go to the companies and technologies that are chosen by who knows whom, and most likely those that are causing the most damage in the world today. My advice to you if you invest your money is to divert it to the companies that are doing good for the world and seeking eco-friendly and eco-promoting technologies and practices. Divest your investments from fossil fuel companies, from mining companies, from agribusiness organizations and invest in a sustainable future.