Solari Action Network

[CEngelbart]

What is a Solari Venture Fund?

Catherine Austin Fitts, former partner and member of the board of Dillon Read & Co. Inc., a Wall Street investment bank, and Assistant Secretary of Housing under Bush I, created a financial "toolkit" to help investors improve their yields by investing in small business, small farms and small real estate portfolios through a locally controlled equity investment structure called a solari venture fund, and to help consumers enhance their personal and political power by focusing their purchases and investments in support of these ventures.

At the heart of the Solari model is a stock structure that allows local owners to control through ownership of solari "A" voting shares, while profiting along with local and global investors through solari "B" non-voting shares. This split between control and economic value is a model refined and used with great success by Clarence Dillon, former Chairman of Dillon Read & Co. It is similar to models used in China and the emerging markets to combine local control with outside, global capital.

The Solari model is a refashioning of the Dillon model to financing "places" with equity, such as a town or city neighborhood. It allows strategic management and control by local leaders. It allows local consumers the opportunity to participate in the stock market-type equity and capital gains created from their deposits, purchases and attention. At the root of it, the philosophy says,

"Why let Wal Mart buy up our market and enjoy all the profit from our purchases if we can aggregate our small businesses and profit by financing and modernizing them ourselves?"

"Why let foreign corporations buy up our land and water and other municipal functions as privatization occurs? Why not have the community buy and control these and finance them with local and global capital in partnership?"


Further Reading

Nice ... or Rough? The Solari Idea (4 page article)
http://solari.com/learn/solidea.htm

Solari and the Rise of the Rule of Law
http://www.solari.com/solari

More on the Solari Opportunity
http://www.solari.com/learn/#Opportunity

Fictional case examples
http://solari.com/learn/articles_invcomm.htm#Case

Definition of a Solari for legal and corporate documents
http://www.solariactionnetwork.com/phpBB2/viewtopic.php?t=960

Vermont Case Study
http://www.solari.com/action/solari_intro.htm

[Catherine]

The Solari Taxonomy are the components of "How the Money Works" in your locale.

Investment Categories:

1. Adult Education/Community College/College/Training
2. Agriculture and Food
3. Arts & Culture
4. Child Care
5. Courts & Judiciary
6. Economic Development
7. Energy (gas, electric, nuclear, solari, wind other)
8. Fire and Emergency Services
9. Health Care
10. Housing
11. K-12 Education
12. Land, Weather and Natural Resources
13. Libraries
14. People Who's Who: People Who Live and Work in Our Neighborhood and Our
Core Competencies
15. Police, Enforcement, Prosecution & Public Safety
16. Prisons
17. Sewer and Garbage
18. Social Services
19. Sports and Recreation
20. Taxes, Time, Regulatory Powers and Assets Paid/Given to Federal, State
and Local Government
21. Transportation
22. Water

Cross-Cutting Categories:

23. Jurisdictions and Boundaries: Who and What Are We a Part of?
24. Risk Issues
25. Neighborhood Balance of Trade: Imports/Exports
26. Total Debt Per Person: Federal, State, Local, Consumer, Mortgage and
Other
27. Parking Lot