An Ode to JPMorganChase – This is how ‘Change’ happens

Go Lean Commentary

Plan. Do. Review.

We told you change was imminent … for Detroit.

We, the movement behind the book Go Lean…Caribbean for the introduction of the Caribbean Union Trade Federation (CU), published a detailed blog-commentary on May 22, 2014 – 5 plus years ago – on the plans for this one bank, JPMorganChase, who was advocating for a turn-around for the distressed City of Detroit in Michigan (USA). This is an excerpt from that previous submission:

The same as there is profit involved in destruction and construction, there is profit to be made in community redevelopment, within a city or even for a region. …

The City of Detroit is in crisis. In July 2013, Detroit became the largest U.S. city to seek bankruptcy protection. It is currently $19 billion in debt and has an unemployment rate of about 14% – more than double the national average. This is why the study of Detroit is such an ideal model for the Caribbean. We have many communities within the Caribbean’s 30 member-states with similar unemployment, urban blight, brain drain, and acute hopelessness.

… the rebirth of Detroit will be financed, in part, with $100 million of community investment dollars from JPMorganChase. The Go Lean roadmap presents a plan to generate funding to Pay for Change (Page 101). Both the JPMorganChase / Detroit plan and the CU/Go Lean plan extend over a 5 year period. The Detroit plan is branded the “Motor City Makeover”; this branding and messaging is important for soliciting support and participation from the community in general. This parallels to the CU/Go Lean effort to foster the attitudes and motivations to forge change from Caribbean stakeholders. This is defined in the book as a community ethos. One such ethos is turn-around: a collective vision, succeeded by appropriate steps and actions, to reject the status quo and demand change.

How has the “Motor City Makeover” been received in the 5 years since? Has the community responded? Have they supported this advocacy? Has there been return on the investment?

Yes, Yes, Yes and Yes.

See here, this review of the JPMorganChase effort from the news magazine 60 Minutes, as broadcasted on November 10, 2019. See this VIDEO here:

VIDEO – A mega-bank’s data-driven investment in Detroit –

Published on November 10, 2019 – JPMorganChase is using data to invest more efficiently, helping entrepreneurs open businesses in parts of the city that most need their services.
Used for entertainment [and educational] purposes only. The property and rights for this video/audio go to ©CBS.

In summary, JPMorganChase invested in Detroit and now has returns on that investment. This is how ‘Change’ happens.

The Go Lean movement also invested (time) in Detroit …

… we too have returns, rewards and reflections from our time of observing-and-reporting from there – which started 5 years ago. Consider the many lessons-learned about turn-around and re-development from these previous blog-commentaries: May Day! May Day! We Need Help With Jobs! Location Matters, Even in a Virtual World Building Better Cities Lessons Learned: Detroit demolishes thousands of abandoned structures Detroit makes Community College free An Ode to Detroit – Good Luck on Trade! Beware of Vulture Capitalists – Lesson from Detroit Detroit giving schools their ‘Worst Shot’ Flint, Michigan – A Cautionary Tale on Infrastructure Secrecy, corruption and ‘conflicts of interest’ pervade state governments Before and After Photos Showing Detroit’s Riverfront Transformation Education & Economics: Welcome to Detroit, Mr. President Caribbean Diaspora in Detroit … Celebrating Heritage A Lesson from an Empowering Family in Detroit Ann Arbor: Model for ‘Start-up’ Cities De-icing Detroit’s Winter Roads: Impetuous & Short Term NEXUS: Facilitating Detroit-Windsor Cross-Border Commerce M-1 Rail: Alternative Motion in the Motor City Detroit to exit historic bankruptcy Michigan Unemployment – Then and Now Making a Great Place to Work® – A Detroit Example A Lesson in History: Community Ethos of WW II Blue is the New Green – Managing Michigan’s Water Resources

These past 5 years have been busy for the Go Lean movement. In addition to observing-and-reporting on Detroit, we have also observed-and-reported on JPMorganChase – from the inside; (this writer worked for JPMorganChase and Jaime Dimon on 2 separate occasions). See the lessons-learned from this financial institution from these previous Go Lean commentaries: Crypto-currency: Here comes ‘Trouble’; Here comes “JPM Coin” Good Governance: Good Corporate Compliance; JPMC Model JPMorganChase spent $10 billion on ‘Fintech’ for 1 year JP Morgan Chase $100 million Detroit investment not just for Press

This tenure with JPMorganChase now comes to an end; as we repatriate back to our Caribbean homeland. And so we say:

Ode to JPMorganChase; thanks for  the lessons-learned.

These lessons-learned may be more than just pedestrian; they may actual change our Caribbean world. Like Detroit, we need to redevelop, turn-around and reboot. The JPMorganChase example above may just be an example of the Corporate Vigilantism that we need to forge change in society.

Corporate Vigilantism?

This has been exhaustingly defined in a previous Go Lean commentary; consider this excerpt:

Corporate Vigilantism – can be effective for forging change. Imagine the pressure: no credit line, mortgage, installment loan, credit card processing, nor check-cashing for the business. This can affect a company’s ability to meet payroll or operate as an ongoing concern. This is called controlling the purse strings.

And what is the bank asking for their continuation of business-as-usual?

Common sense … regulations …

We have been paying more than the usual attention to this banking industry, company (JPMorganChase), City of Detroit and turn-around advocacy. It is past time now to manifest the needed change in our Caribbean society.

This corresponds to the 5-L’s approach that we have previously defined:

  • Look
  • Listen
  • Learn
  • Lend-a-hand
  • Lead

Let’s get busy …

The JPMorganChase tenure … is now over! (The same as the Detroit tenure is over; goodbye and good luck to them).

The Go Lean book doubles-down on lessons-learned from the other communities, past and present. The book provides 370-pages of turn-by-turn instructions on “how” to adopt new community ethos, plus the strategies, tactics, implementations and advocacies to execute so as to reboot, reform and transform the societal engines of Caribbean society. Many of these strategies-tactics-implementations were conceived based on lessons-learned from the other observed stakeholders.

We have looked, listened, learned, lend-a-hand in Detroit and at JPMorganChase; now we are ready to go back to the Caribbean … and lead. This is the approach for us to make our own homeland a better place to live, work and play. 🙂

About the Book
The book Go Lean…Caribbean serves as a roadmap for the introduction and implementation of the technocratic Caribbean Union Trade Federation (CU), for the elevation of Caribbean society – for all member-states. This CU/Go Lean roadmap has these 3 prime directives:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion and create 2.2 million new jobs.
  • Establishment of a security apparatus to ensure public safety and protect the resultant economic engines.
  • Improve Caribbean governance to support these engines, including a separation-of-powers between the member-states and CU federal agencies.

The Go Lean book provides 370-pages of turn-by-turn instructions on “how” to adopt new community ethos, plus the strategies, tactics, implementations and advocacies to execute so as to reboot, reform and transform the societal engines of Caribbean society.

Download the free e-Book of Go Lean … Caribbean – now!

Who We Are
The movement behind the Go Lean book – a non-partisan, apolitical, religiously-neutral Community Development Foundation chartered for the purpose of empowering and re-booting economic engines – stresses that reforming and transforming the Caribbean societal engines must be a regional pursuit. This was an early motivation for the roadmap, as pronounced in the opening Declaration of Interdependence (Pages 12 – 14):

xi. Whereas all men are entitled to the benefits of good governance in a free society, “new guards” must be enacted to dissuade the emergence of incompetence, corruption, nepotism and cronyism at the peril of the people’s best interest. The Federation must guarantee the executions of a social contract between government and the governed.

xxiv. Whereas a free market economy can be induced and spurred for continuous progress, the Federation must install the controls to better manage aspects of the economy: jobs, inflation, savings rate, investments and other economic principles. Thereby attracting direct foreign investment because of the stability and vibrancy of our economy.

xxxiii. Whereas lessons can be learned and applied from the study of the recent history of other societies, the Federation must formalize statutes and organizational dimensions to avoid the pitfalls of communities like … Detroit … . On the other hand, the Federation must also implement the good examples learned from developments/
communities like … .

Sign the petition to lean-in for this roadmap for the Caribbean Union Trade Federation.

Share this post:
, , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *