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Island ‘myopically focused only on the bottom line’ activist

Michelle St Jane - founder of KAIROS Philanthropy (Photo by Mark Tatem)

Bermuda holds the distinction of being a mecca for global business while at the same time it ranks 13th in the world for having the largest prison population per capita.That was the message delivered yesterday to Hamilton Rotarians by former Family Court Magistrate and Police Complaints Chairwoman, Michelle St Jane.Like a phoenix rising out of the fire she said: “Now is the time to choose where to put the emphasis.”Said Ms St Jane: “Bermuda in the 21st century has a reputation as the world’s risk capital.“But it seems that as a country, Bermuda is conditioned to focus on the health of the business sector by making money.”But at the same time she said: “We have three or four generations going through the criminal system at a high cost to taxpayers.“You cannot solve problems with the same thinking that created them, we need something different because the real wealth of Bermuda is not financial.“The generators are human and environment players in the living economy, its vibrant collective intelligence is distressed.”And she suggested that perhaps it is time for a “change in the conversation about economics”.On the social side of the spectrum she said: “Today its ‘school gate to Westgate’, as highlighted in the recent research generated by the Department for National Drug Control.“The marriage between the two Bermuda economies (financial and living) is of much interest to me as I am invested equally in the business success of Bermuda as I am in the social success.“They go hand in hand and it’s failing. The health of one economy affects the health of the other overtly or covertly as well evidence by global thinkers and their research.“Bermuda needs a full spectrum economic map — adopt measures that reflect reality.“Economics is a human invention yet Bermuda’s economy has never been organised to ensure social quality or social justice for the local population.”Reflecting on the history or its origin she noted that the country began as the Bermuda Company in the seventeenth century.Although that company dissolved in the same century, she said: “It continues to be myopically focused only on the bottom line today.“Integrative awareness and thinking has been replaced by a focus on business and making money as a default common aim eroding the human community’s trust in public and private policymakers in Government and the market place.“The business model has changed.“The financial economy resides in knowledge and technology positioning our population takes investment in intellectual capital not wholly in opportunities to do administration and service work only in areas where the jobs are decreasing.“Only people — not systems — create values. Bermuda needs a full spectrum economic map to adopt measures that reflect reality.“It’s time to bring together our diverse agglomeration of talent, time and energy to create a model that the world wishes to emulate in terms of managing the social risks of the community as well as we manage the business of being the world’s risk capital.She was hopeful that Rotarians and the community will engage with her to ”think deeply” in consideration of a better community for “progress socially and financially”.“Start talking with thought leaders, media, policymakers (both public and private), form action groups use what you learn, apply it in your organisations, communities our country,” she said.“Let’s breach the barriers to halt the revolving door of recidivism, and the cycles of debt.”She also called for the establishment of a ‘Think and Do Tank’ that includes a “a diverse group of Bermudian researchers to leverage experience”.“It’s time to shred the hidden costs of the convict establishment mentality.”Ms St Jane concluded: “It’s time to uncork the imagination, bottle the commonsense and start the dialogue on what is possible today, together for a better tomorrow.”