Money is not always enough
Of recent times, I have decided to scale back my thankless pursuit of money and opt to establish a more balanced set of objectives before me for the future. Now if you read my posts you will have established I am generally a liberal sort of person. For the past ten years I have been engaged in the humanitarian business, another thankless task. I have worked for non-government organizations in war torn high risk countries for the pittance they pay, I have been a UN volunteer living on a ridiculously small stipend, more recently I have worked for one of the beltway bandits sucking up US taxpayer money faster than the new hoover it has bought for our maid. But things have changed, for my next exercise I am looking not so much to how much I can make, but to how much I can do.
The beltway income has been sufficient to lay down a sizable deposit on a small house in Penang in Malaysia where we are currently setting down some roots and it will also pay to undertake a major renovation of the building before we finally decide if we will live in it or rent it out. The building however happens to be within the boundaries of a newly conscripted UNESCO World Heritage site which draws me into the reasons to do what I am doing. The idea that I can spend time on a project that will with some degree of personal satisfaction, recover some aspect of a history that has been allowed to degrade appeals to me. What I need to be conscious of is the possibility of over gentrification of the region and even in my own little project I am in since it is the cultural and ethnic inhabitants that form the heritage significance as much as it is the architecture.
What I am now also engaged in is putting together a proposal that will enable me to take on bigger projects that are not just for the moment, I will be able to create projects that, like buying art, are done as much for the sake that the end result can be enjoyed and is a sound investment.
I am reading a column by George Monbiot in the Guardian where he is lamenting the fact that a TESCO is coming to his small Welsh village. The people who live in the village do so because they are satisfied with the slower pace it offers them and would seem to be universally driven to ward off the TESCO if they can however the inevitability of big business succeeding is ever present. The same can be said about my new project in Penang although not for the same reasons.
Penang is very busy. It has a multicultural community that over the years have bought in a diversity from all over Asia. Yet it is slowly dying. Over the past few years there have been local developers wanting to pul down part of the decayed buildings and construct multi storied hotels and office blocks. Thankfully they have been resisted. This small segment of the city should be enabled to retain its historic outlook, it will nto make one iota of difference to the world at large if these rich developers do not have their way.
The city blocks do however need developing and undertaken on a larger scale than private investment can manage before they totally disappear into a rotting mess. Money nees to be provided to preserve the cultural backdrop against which we measure our progress, money should be invested simply because the outcome provides us with pleasure. Not every thing we do has to be for a profit.
When I finish my tour in Afghanistan at the end of this month, I already have interested some major financiers in my proposition that there is investment potential in conserving Penang’s heritage. In it I am appealing to individual investors who care not just about the next tenth of a percent, but that they are contributing to worthwhile projects that will also repay due to the fact that their projects have greater interest than the availability of a new t-shirt. it may not be for everyone but then it doesn’t require everyone, just enough.



