Now that that holidays are over and I have had a chance to catch my breath and think about 2018 (I wrote a post about my goals for Capital Good Fund in 2019, which you can read here), I figured it’d be fun to quickly write down some of my highlights of the year:
“…The immediate election [of the President of the United States] should be made by men most capable of analyzing the qualities adapted to the station, and acting under circumstances favorable to deliberation, and to a judicious combination of all the […]
“Neutrality helps the oppressor, never the victim. Silence encourages the tormentor, never the tormented. Sometimes we must interfere. When human lives are endangered, when human dignity is in jeopardy, national borders and sensitivities becomes irrelevant. Wherever men or women are […]
From January 2, 2016 to February 11, 2016–forty-one fucking days, but hey, who’s counting?–a group of white, armed, right-wing terrorists, led by Ammon Bundy, occupied the Malheur National Wildlife Refuge in Oregon. Their goal? To protest what, in their deranged […]
Big News I’m excited to announce that tomorrow, Monday October 3rd, Capital Good Fund will launch its first major out-of-state expansion and begin offering loans to residents of the State of Florida! As many of you know, we are in […]
A Cliché Or A Warning? It’s so cliché to compare anything we don’t like to Hitler that such comparisons have become like the proverbial boy crying wolf, which is why the rise of Donald Trump is so disconcerting: the wolf wears […]
This is my first post on the newly-launched AndyPosner.org. Think of it as version 2.0!
I decided to start Capital Good Fund (CGF) in response to the 2008 financial collapse because I feel that, in the face of calamity, it is far better to take action than to lament. From day one–indeed, from the time I moved to Providence, RI for a masters program in environmental studies at Brown–my interest has been the intersection of poverty and the environment (my masters thesis deals with this very topic–you can check it out here). Why? Because it turns out that the poor bear the brunt of environmental destruction. Consider this: low-income Americans spend 17% of their income on energy, compared to 4% for the rest of the population. This makes them far more vulnerable to energy price volatility. At the same time, low-income families are more likely to live in neighborhoods with poor indoor and outdoor air quality. What’s more, by virtue of more often living in low-lying areas, they are more vulnerable to the effects of climate change (something Hurricane Katrina clearly demonstrated) and less able to evacuate from and rebuild after a storm.
Unfortunately, for the first couple of years as Executive Director of CGF, I’ve had to focus my efforts on the more immediate challenges of fundraising, building infrastructure, developing policies and procedures, and so on. In addition, I’ve had to accept that just tackling poverty is hard enough without incorporating an environmental justice component. That said, I never gave up on the idea of using equitable financing in order to tackle poverty and redress environmental degradation.
Last Monday, two ‘events’ transpired, only one of which elicited national anger. On the one hand, 25,000 children around the world died from eminently treatable illnesses like diarrhea–25,000 human lives, with all their potential, their beauty, their hope, snuffed out due to a lack of clean water to drink or cheap antibiotics to treat them. On the other hand, the Green Bay Packers lost to the Seattle Seahawks on a last minute call that, observers around the country agree, was blown by replacement referees. Now, there are many angles to this. For one thing, the regular, unionized referees have been locked out by the NFL due to a dispute over pay and pensions, creating a fascinating dynamic whereby numerous anti-union figures, such as Wisconsin Governor Scott Walker, find themselves begging for a return to the unionized referees. What’s more, it’s been absolutely fascinating to read about the fact that, despite a litany of horrible calls by these amateur refs, many of which have literally changed the outcomes of games, viewership has actually gone up! So it seems that the old adage ‘there is no such thing as bad publicity’ holds true.
Anyway, where was I? Oh, right, national anger. So one of these two events got the President of the United States, presidential and vice presidential candidates Romney and Ryan, several governors, talk show hosts, tv show hosts, bloggers, newspapers and countless millions of ordinary Americans to unleash a unified crescendo of dismay, disgust and disdain for…the NFL. The fact that so many died quiet deaths in distant villages, crowded cities and everything in between? Not a peep. Not a word. Not even a side note on the evening news.
Andy and Jill with a Grameen Bank Center Manager and Borrowers
If you talk to anyone at Grameen Bank they will tell you that the real bank can only be found by going to the villages where Grameen operates. Grameen, after all, means rural, and in fact by law Grameen can only operate its lending programs in the villages. It is for this reason that on our third day in Bangladesh we–Jill, me, an Australian named Mark, our translator Matin and Mark’s translator Yunus–are all crammed into a mini-van barreling down the roads that lead to Rashahi, the zone that we will be visiting. Traffic here is an eclectic mix of motorcycles, bicycle rickshaws, cars, trucks hauling absurdly large loads and comically unstable buses all chaotically weaving and swerving, honking and narrowly avoiding catastrophe.
After 6 hours of bouncing along these roads we are happy, if not relieved, to have arrived at the Branch that will be our home for the next 10 days. It is a two-story building–the first occupied by Grameen–with two small rooms for guests. In order to understand where branches fit into the Grameen hierarchy, I need to take a moment to explain how the bank is organized. For in truth, Grameen is nothing short of an organizational miracle. In fact, I would go so far as to say that while Dr. Muhammad Yunus is praised for recognizing that the poor can be credit worthy, his real, lasting achievement is in the details of how he goes about delivering that credit to them in a cost-effective manner.