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Agenda for a New Economy: From Phantom Wealth to Real Wealth
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About this ebook
NEW EDITION, REVISED AND UPDATED
Nearly two years after the economic meltdown, joblessness and foreclosures are still endemic, Wall Street executives are once again getting massive bonuses, and our leaders in Washington lack the will to make desperately needed fundamental changes to the economy. Change will have to come from below. Agenda for a New Economy is the handbook for that revolution.
In this revised and updated edition David Korten has fleshed out his vision of the alternative to the corporate Wall Street economy: a Main Street economy based on locally owned, community-oriented “living enterprises” whose success is measured as much by their positive impact on people and the environment as by their positive balance sheet. We will lose nothing in the process because, as Korten ably demonstrates, the supposed services Wall Street offers are simply a con game. And Korten now offers more in-depth advice on how to mount a grassroots campaign to bring about an economy based on shared prosperity, ecological stewardship, and citizen democracy.
Nearly two years after the economic meltdown, joblessness and foreclosures are still endemic, Wall Street executives are once again getting massive bonuses, and our leaders in Washington lack the will to make desperately needed fundamental changes to the economy. Change will have to come from below. Agenda for a New Economy is the handbook for that revolution.
In this revised and updated edition David Korten has fleshed out his vision of the alternative to the corporate Wall Street economy: a Main Street economy based on locally owned, community-oriented “living enterprises” whose success is measured as much by their positive impact on people and the environment as by their positive balance sheet. We will lose nothing in the process because, as Korten ably demonstrates, the supposed services Wall Street offers are simply a con game. And Korten now offers more in-depth advice on how to mount a grassroots campaign to bring about an economy based on shared prosperity, ecological stewardship, and citizen democracy.
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Reviews for Agenda for a New Economy
Rating: 3.904762 out of 5 stars
4/5
21 ratings3 reviews
- Rating: 5 out of 5 stars5/5Concise, accessible explanation of how the current economic system robs us of real wealth and contributes to the degradation of the planet, and how the system was able to develop this way.
Clear vision of an alternate economy and how we can get there with minimal dislocation. - Rating: 4 out of 5 stars4/5A bit dry but some excellent ideas.
- Rating: 4 out of 5 stars4/5The premise of the book was relatively straightforward - the U.S. economy is dominantly under the control of the wall street wealthy, who propel the economy in to debt and material irrelevence through the reliance on "phantom wealth." The author supports this argument well, going in to detail to some detail to describe - amongst other things - how inflation and the creation of money are driven by private banks' accounting practices, how short-term lending turns business investment in to a gambling game, how GDP doesn't reflect "real" wealth such as the destruction of the environment and the failure to provide services for the disenfranchised.My major criticism is that towards the end of the book, it strays in to a broad and over-reaching left agenda, portraying a socially liberal utopia with reduced teen pregnancy amongst other unrelated social benefits. A cynic would perhaps describe him as a prophet of the dark ages. Until this point, the book could've just been an argument for a manufacturing-based economy like Germany, Australia, or Scandenavia, but it instead seems to draw that the future involves entirely locally owned economies with a philosophy of minimalist living. I quite like this idea and see the value in it, but it was poorly tied to the rest of the book, linked by rhetoric moreso than argument. A seperate book would perhaps have supported this extension better.Still highly reccommended, and in its closing perhaps reccommends a kind of extreme liberalism which serves to sharpen and provide boundaries around one's own critique of the U.S. Economy and Wall Street's influence over it.