Alan and Levi engage David Korten, president and founder of the People-Centered Development Forum, chair of the board of YES! Magazine, and a board member of the Business Alliance for Local Living Economies, in his latest book, Agenda for a New Economy. In it, David shows the steps being taken to address the current economic meltdown – including pouring trillions of dollars into bailouts for the Wall Street institutions that created the mess – do nothing to deal with the reality of a failed economic system. He identifies the deeper sources of the failure: Wall Street institutions that have perfected the art of creating phantom “wealth” without producing anything of real value. 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 liberate the latent entrepreneurial energies of Main Street from Wall Street’s deadly grip and bring into being a new economy—locally based, community-oriented, and devoted to creating a better life for all, not simply increasing profits.
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