Saturday, June 30, 2012

We are each 'the banks'

Follow the attached link (http://blogs.hbr.org/haque/2012/06/the_libor_scandal_and_the_pric.html )

to read the HBR article that reminds us that we are all inherently complicit in the messed up business culture of the banks and investment banks.

Each of us.

The banks and their business practices are a reflection of a core societal identity that is out of alignment. They did not helicopter themselves in from outer space with no linkage to what their environments want or condone.

So we each have work to do to heal, to evolve, to set new norms by which to assess what real prosperity, progress, growth, return on investment, etc really means. Business schools need to get their act together.

Regulatory agencies need to step up to their missions.
Banks and bank leaders need to clean their houses if they are not in order (not all of them have lost their way along that fine line between advantageous and ethical).
And we each need to become more conscious of our models of wealth.

Lots of work to do. But worthwhile work that will make a real difference to generations to come when done well.

So I write this to remind myself to start doing more of the inner work of self-awareness and the outer work of bringing my best self to the task of cleaning up my own financial choices.
One step at at time.
Together with others who are operating from within the system and with those who are openly trying to dismantle it from the outside, so that the potential for a new and more vibrant model of success can actually find fertile soil.