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David Korten - Wall Street Illusions, Real Solutions

Series: Living Well Show
From: Donna Descoteaux
Length: 00:28:49

David Korten, author of When Corporations Rule the World; Agenda for a New Economy: From Phantom Wealth to Real Wealth and The Great Turning: From Empire to Earth Community discusses the current global economic crisis and what we are NOT doing to fix it. Today's economic crisis is the worst since the Great Depression. However, as David Korten tells us, 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 Band-Aid. Mr. 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 i.e. phantom wealth. Read the full description.

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He states that our hope lies not with Wall Street, 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. It will require changes to how we measure economic success, organize our financial system and even the very way we create money.  As with all crises, this is also an opportunity to make real and meaningful changes to our failing economic system.

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Piece Description

He states that our hope lies not with Wall Street, 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. It will require changes to how we measure economic success, organize our financial system and even the very way we create money.  As with all crises, this is also an opportunity to make real and meaningful changes to our failing economic system.

Musical Works

Title Artist Album Label Year Length
Whirling Dreams Michael Morris 00:00

Related Website

http://www.davidkorten.org