Agenda for a New Economy: From Phantom Wealth to Real Wealth, Why Wall Street Can't Be Fixed and How to Replace It

Agenda for a New Economy: From Phantom Wealth to Real Wealth, Why Wall Street Can't Be Fixed and How to Replace It

by David C. Korten
     
 

ISBN-10: 1605092894

ISBN-13: 9781605092898

Pub. Date: 02/01/2009

Publisher: Berrett-Koehler Publishers, Inc.

Today's economic crisis is the worst since the Great Depression. However, as David Korten shows, the steps being taken to address it do nothing to deal with the reality of a failed economic system. It's like treating cancer with a bandage. Korten identifies the deeper sources of the failure: Wall Street institutions that have perfected the art of creating

Overview

Today's economic crisis is the worst since the Great Depression. However, as David Korten shows, the steps being taken to address it do nothing to deal with the reality of a failed economic system. It's like treating cancer with a bandage. Korten identifies the deeper sources of the failure: Wall Street institutions that have perfected the art of creating "wealth" without producing anything of real value: phantom wealth. Our hope lies not with Wall Street, Korten argues, but with Main Street, which creates real wealth from real resources to meet real needs. He outlines an agenda to create a new economy— locally based, community oriented, and devoted to creating a better life for all, not simply increasing profits. It will require changes to how we measure economic success, organize our financial system, even the very way we create money, an agenda Korten summarizes in his version of the economic address to the nation he wishes Barack Obama were able to deliver.

Product Details

ISBN-13:
9781605092898
Publisher:
Berrett-Koehler Publishers, Inc.
Publication date:
02/01/2009
Edition description:
New Edition
Pages:
196
Product dimensions:
5.40(w) x 8.40(h) x 0.80(d)

Table of Contents

Preface vii

Part I The Case for a New Economy 1

1 Looking Upstream 3

2 Modern Alchemists and the Sport of Moneymaking 12

3 A Real-Market Alternative 25

4 More Than Tinkering at the Margins 35

Part II The Case for Eliminating Wall Street 45

5 What Wall Street Really Wants 47

6 Buccaneers and Privateers 57

7 The High Cost of Phantom Wealth 65

8 The End of Empire 77

Part III Agenda for a Real-Wealth Economy 89

9 What People Really Want 91

10 Essential Priorities 102

11 Liberating Main Street 117

12 Real-Wealth Financial Services 137

13 Life in a Real-Wealth Economy 149

Part IV Change the Story, Change the Future 157

14 An Address I Hope President Obama Will One Day Deliver to the Nation 159

15 When The People Lead, the Leaders Will Follow 170

Notes 188

About the Author 194

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