Agenda for a New Economy 2nd Edition

From Phantom Wealth to Real Wealth

by David Korten

Publication date: 08/01/2010

Bestseller over 35,000+ copies sold

Agenda for a New Economy

Korten Trinity

  • A Report of the New Economy Working Group

  • By the author of the bestselling classic When Corporations Rule the World

  • New edition includes an analysis of events since the election of Barack Obama and a more detailed vision of the alternative to the Wall Street economy

  • Awarded the Silver Medal in Current Events category of the 2011 Independent Publisher Book Awards

Nearly two years after the economic meltdown joblessness and foreclosures are still endemic, Wall Street executives are once again getting massive bonuses, and there doesn't seem to be the will in Washington to make desperately needed fundamental changes to the economy. Change will have to come from below. This second edition of Agenda for a New Economy is the handbook for that revolution.

The root of the problem remains what it was in 2008: Wall Street institutions that have perfected the art of creating "phantom wealth"-mere numbers on paper--without producing anything of real value, and without any thought of the social consequences. "Wall Street operates as a criminal syndicate engaged in financial scams and extortion rackets that impose unbearable costs on society while serving no beneficial function not better met in other ways" he writes. In a new chapter, Korten looks at how events since September 2008 have simply proven that the predatory Wall Street leopard cannot change its spots.

In this revised and updated edition 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, having reluctantly given up on the possibility of any substantial change from the top, 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.

Read more and meet author below


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Overview

Korten Trinity

  • A Report of the New Economy Working Group

  • By the author of the bestselling classic When Corporations Rule the World

  • New edition includes an analysis of events since the election of Barack Obama and a more detailed vision of the alternative to the Wall Street economy

  • Awarded the Silver Medal in Current Events category of the 2011 Independent Publisher Book Awards

Nearly two years after the economic meltdown joblessness and foreclosures are still endemic, Wall Street executives are once again getting massive bonuses, and there doesn't seem to be the will in Washington to make desperately needed fundamental changes to the economy. Change will have to come from below. This second edition of Agenda for a New Economy is the handbook for that revolution.

The root of the problem remains what it was in 2008: Wall Street institutions that have perfected the art of creating "phantom wealth"-mere numbers on paper--without producing anything of real value, and without any thought of the social consequences. "Wall Street operates as a criminal syndicate engaged in financial scams and extortion rackets that impose unbearable costs on society while serving no beneficial function not better met in other ways" he writes. In a new chapter, Korten looks at how events since September 2008 have simply proven that the predatory Wall Street leopard cannot change its spots.

In this revised and updated edition 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, having reluctantly given up on the possibility of any substantial change from the top, 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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Meet the Author


Visit Author Page - David Korten

David Korten, author and activist, is co-founder and board chair of YES! Magazine, co-founder and co-chair of the New Economy Working Group, president of the Living Economies Forum, an associate fellow of the Institute for Policy Studies, a member of the Club of Rome, and founding board member emeritus of the Business Alliance for Local Living Economies. A 20th anniversary edition of his classic international best seller When Corporations Rule the World will launch in June 2015. His other books include Change the Story, Change the Future: A Living Economy for a Living Earth Agenda for a New Economy: From Phantom Wealth to Real Wealth, The Great Turning: From Empire to Earth Community, and The Post-Corporate World: Life After Capitalism.

David has MBA and Ph.D. degrees from the Stanford Business School, and in his earlier career served as a captain in the US Air Force, a Harvard Business School professor, a Ford Foundation project specialist, and Asia regional adviser on development management to the U.S. Agency for International Development. He lived and worked for 21 years as a development professional in Ethiopia, Nicaragua, Philippines, and Indonesia.

To find out more, visit http://livingeconomiesforum.org.

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Table of Contents

Acknowledgments

Prologue: A Question of Values

Part One: The Case for a New Economy

Chapter 1: Looking Upstream

Chapter 2: Modern Alchemists and the Sport of Moneymaking

Chapter 3: A Real-Market Alternative

Chapter 4: More Than Tinkering at the Margins

Part Two: The Case for Replacing Wall Street

Chapter 5: What Wall Street Really Wants

Chapter 6: Buccaneers and Privateers

Chapter 7: The High Cost of Phantom Wealth

Chapter 8: The End of Empire

Chapter 9: Greed Is Not a Virtue; Sharing Is Not a Sin

Part Three: A Living-Economy Vision

Chapter 10: What People Really Want

Chapter 11: At Home on a Living Earth

Chapter 12: New Vision, New Priorities

Part Four: A Living-Economy Agenda

Chapter 13: Seven Points of Intervention

Chapter 14: What About My...?

Chapter 15: A Presidential Declaration of Independence from Wall Street I Hope I May One Day Hear

Part Five: Navigating Uncharted Waters

Chapter 16: When the People Lead, the Leaders Will Follow

Chapter 17: A Visionary President Meets Realpolitik

Chapter 18: Change the Story, Change the Future

Chapter 19: Learning to Live, Living to Learn

Epilogue: The View from 2084

Notes

Index

About the Author

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Endorsements

"It's time for a fundamentally new economic model -- Agenda for a New Economy is a much-needed road map for those ready to get started."

-- Annie Leonard, author and host of The Story of Stuff

" At last, a book by one of our most brilliant economic thinkers that outlines the real causes of -- and solutions to -- the current economic crisis."

-- John Perkins, New York Times bestselling author of Confessions of an Economic Hitman

"A thought-provoking, comprehensive, and readable reappraisal of the great economic and market challenge of our time."

-- David Brancaccio, PBS Host

"Finally a bold Obama-era agenda that soars above the mild reforms that are grabbing daily headlines and actually meets the daunting challenges posed by the Wall Street and planetary crises."

-- John Cavanagh, Director, Institute for Policy Studies

"In this new edition of his groundbreaking book, David Korten steps up with a new, practical, and energizing guide we all can use to transform today's economic disaster into a living democracy."

-- Frances Moore Lappe, author of Getting a Grip 2 and Diet for a Small Planet

"What I love about this edition of Agenda for a New Economy is that David Korten brings together previously fragmented ideas about how to move forward into a compelling, cohesive framework for personal, community, and government action. This book will get you from 'yes, but how?' to 'yes, and here's how.'"

-- Alisa Gravitz, Executive Director, Green America

"David Korten tells the truth like no one else -- a truth our planet needs us to hear."

-- Marjorie Kelly, cofounder, Corporation 20/20; founding editor, Business Ethics magazine; and author of The Divine Right of Capital

"Korten turns conventional economic thinking upside down and inside out. This book reveals what is really going on in the U.S. and global economy -- and what can and should be done about it."

-- Van Jones, founder, Green for All and author of The Green Collar Economy

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