Piece Description

David Korten author of When Corporations Rule the World, The Post Corporate World and The Great Turning talks to us about the causes and cures of our current financial debacle. He explains how through deregulation and highly speculative investments, banks have been allowed to run wild leading to the current collapse which is estimated to cost the American taxpayer over one TRILLION dollars. (That's $1,000,000,000,000.00 !!!!) He explains how banks have been allowed the 'create' money out of nothing and how the creation of money needs to be reclaimed by our government. David Korten also reveals the scandalous cronyism that has characterized relations between our banks, Wall Street and the current administration. He points out the opportunity this crisis presents to rethink and restructure our economic system to be more in line with the democratic principals this country was founded on!