David Korten Asks: a Wall Street Economy Based on Phantom Wealth, or a Main Street Economy Based on Real Wealth?

DavidKorten

Sea Change Radio Co-Host Bill Baue speaks with David Korten about his new book, Agenda for a New Economy: From Phantom Wealth to Real Wealth (Why Wall Street Can’t Be Fixed and How to Replace It).

David Korten is perhaps best known for When Corporations Rule the World, his 1995 book that arguably set the stage for the 1999 Seattle protests against globalized capitalism at the World Trade Organization meetings.  Flash forward a decade to the fall of 2009, and that very globalized capitalist system experienced a dramatic meltdown.  David Korten mobilized immediately to write a short book analyzing the underpinnings of the breakdown — and pointing the way toward solutions — entitled Agenda for a New Economy.

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4 Responses to “David Korten Asks: a Wall Street Economy Based on Phantom Wealth, or a Main Street Economy Based on Real Wealth?”

  1. Yirgach says:

    While I found the interview to be very interesting, my interest ground to a halt when Mr. Korten attempted to explain the creation of money. He obviously has NO CLUE as to the role of Central Banks in the global economy. I would suggest a quick visit to the Federal Reserve site and browse all the documentation you can find. They are not hiding anything. Most people (and I suspect Mr. Korten) do not have any idea as to what is really going on here.

  2. Yirgach says:

    And for some more detailed information I suggest browsing some of the posts at http://wallstreetexaminer.com/

  3. [...] In our look at economic alternatives, David Korten outlines his  Agenda for a New Economy and asks, a Wall Street Economy Based on Phantom Wealth, or a Main Street Economy Based on Real Wealth? [...]

  4. Bill Baue says:

    Thanks for your comments, Yirgach. We’ll pass them along to David and invite him to respond.

    In the meantime, I’d refer you to Chris Martenson, who we’ve had on the show several times in the past.

    Here’s a link to a post on his website about how the Fed manipulates money — in plain sight! According to Martenson, you are right that the Fed is transparent, and David Korten is right that this manipulation is ultimately destructive.

    Best,
    Bill Baue
    Sea Change Co-Host/Producer