Agenda for a New Economy From Phantom Wealth to Real Wealth

ISBN-10: 1605093750

ISBN-13: 9781605093758

Edition: 2nd 2010

Authors: David C. Korten

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As David Korten showed in the first edition of this hard-hitting book, the steps taken to address the financial meltdown including pouring trillions of dollars into bailouts for the Wall Street institutions that created the mess did nothing to deal with the reality of a failed economic system. Korten identified the deeper sources of the failure in Wall Street institutions that have perfected the art of creating money out of nothing, producing anything of real value in return. Its major players engaged in speculative trading, bought into asset bubbles, stripped corporate assets, created debt pyramids, and engaged in predatory lending in the mortgage and credit card markets. In this revised second edition, Korten evaluates how far we have come in the year since the first edition's release and traces both the progress made as well as the ongoing setbacks. Korten also explores the transition to Main street and the momentum towards real wealth and how such a movement is manifesting itself across the nation. In a new chapter, Korten examines how the Obama administration has yet to address the root causes of the system failures to avoid ongoing economic, social, and environmental crises.
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Book details

List price: $15.99
Edition: 2nd
Copyright year: 2010
Publisher: Berrett-Koehler Publishers, Incorporated
Publication date: 7/1/2010
Binding: Paperback
Pages: 336
Size: 5.50" wide x 8.50" long x 1.00" tall
Weight: 0.990
Language: English

A Question of Values
The Case for a New Economy
Looking Upstream
Modern Alchemists and the Sport of Moneymaking
A Real-Market Alternative
More Than Tinkering at the Margins
The Case for Replacing Wall Street
What Wall Street Really Wants
Buccaneers and Privateers
The High Cost of Phantom Wealth
The End of Empire
Greed Is Not a Virtue; Sharing Is Not a Sin
A Living-Economy Vision
What People Really Want
At Home on a Living Earth
New Vision, New Priorities
A Living-Economy Agenda
Seven Points of Intervention
What About My �?
A Presidential Declaration of Independence from Wall Street I Hope I May One Day Hear
Navigating Uncharted Waters
When the People Lead, the Leaders Will Follow
A Visionary President Meets Realpolitik
Change the Story, Change the Future
Learning to Live, Living to Learn
Epilogue: The View From 2084
About the Author
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