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8/3/2019 Agenda for New Economy
1/23
8/3/2019 Agenda for New Economy
2/23
an excerpt from
Agenda for a New Economy:
From Phantom Wealth to Real Weal
by David Korten
8/3/2019 Agenda for New Economy
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CONTENTS
Preface vii
PART I
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iv AGENDA FOR A NEW ECONOMY
11 Liberating Main Street 117
12 Real-Wealth Financial Services
13 Life in a Real-Wealth Economy
PART IV
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PREFACE
The Wall Street implosion in 2008 a
subsequent bailout effort present an
tunity to open a long-overdue national
b i i l k d
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viii AGENDA FOR A NEW ECONOMY
financial crisis is to let go of Wall Str
economy based on different values and
I have written Agenda for a New E
silence and open a discussion of this
possibility. It is addressed specifically todeepen their understanding of why thin
wrong economically, socially, and envir
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My wife, Fran, and I discussed his
morning and had a phone conversation
ning, during which we outlined a pro
have the book ready to launch on Janu
diately following Obamas presidentiawas the day I was scheduled to deliver
a national theological conference spon
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x AGENDA FOR A NEW ECONOMY
Wall Street financial schemes and scam
that Wall Street is operating an extortio
unbearable costs on society while servin
tion not better met in other ways, we rea
ry about the arcane details of exactly hFor those who want the details, there are
those mentioned above by Baker Phillip
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self-organization and the importance
essential economic resources. I learned
large-scale institutional change from my
successful and unsuccessful efforts to
resource-management systems in irrigplace control in the hands of local comm
ing these fifteen years in Asia that I be
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xii AGENDA FOR A NEW ECONOMY
Empire to Earth Communitybrought hunderstanding of why our species is n
sis and raised my consciousness of th
and perverse consequences of dominato
tutions that nurture and reward behavexperience with the Business Alliance fo
omies inspired my sense of the opportu
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Independent Business Alliance (amibain the United States and Canada, and
strengthening local independent busi
their distinctive brand identity.
BALLE has a particular focus on devamong local independent businesses t
calls the building blocks of healthy loc
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PART I
THE CASE FO
NEW ECONO
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2 PART I: THE CASE FOR A NEW ECONOMY
Street alchemists to reveal an illusion managers outrageous sums for creati
unrelated to the production of anythin
were merely creating claims on the re
others a form of theft.Spending trillions of dollars trying t
fools errand Our hope lies not with th
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CHAPTER 1
LOOKING UPST
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4 PART I: THE CASE FOR A NEW ECONOMY
with a strong focus on economic stimly on green jobs by far a more though
approach.
The real need, however, goes far b
money into the economy to alleviate thecredit squeeze. We need to rebuild the
tom up
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a failed economic system that takes no and environmental costs of monetary
responsibility.
We face a monumental economic ch
beyond anything being discussed in thecorporate press. The hardships impose
zen credit markets pale in comparison t
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6 PART I: THE CASE FOR A NEW ECONOMY
clinics, without ever asking the obviousfew people enjoy effortless abundance
ers who work far harder experience ex
He summed it up with this simple stat
correct a problem without a theory abouitably treat only the symptoms. It is the
ness professors were drumming into m
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at all. A bad theory can lead us to false sthe actions that caused the problem in th
a bad theory or story can lead whole s
self-destructive behavior to the point of
The cultural historian Jared Diamoncolony on the coast of Greenland that
next to waters abundant with fish; it had
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8 PART I: THE CASE FOR A NEW ECONOMY
REAL WEALTH
Real wealth has intrinsic, as contrasted
ue. Life, not money, is the measure of
The most important forms are beyounavailable for market purchase. Thes
h hild l i f ili i
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story, that eating fish was not civilizedscale, the human future is now in questi
be traced, in part, to economic theorie
row interests of a few and result in deva
for all.As we are perplexed by the behavio
perished because of their unwillingnes
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10 PART I: THE CASE FOR A NEW ECONOMY
thousand child deaths daily from poveest country in the world, millions squee
class are all evidence of the monum
existing cultural stories and the institu
give rise. We have good reason to fear foAt first, each of the many disasters tha
distinct In fact they all have a commo
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it is about the cultural stories that shaues and the institutional systems that sh
with one another and with Earth. The re
the primary focus is on the United Stat
nomic values and institutions are somehave a powerful global influence
The justified public outrage again
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this material has been excerpt
Agenda for a New Econ
From Phantom Wealth to Re
by David KortenPublished by Berrett-Koehler Pu
Copyright 2008, All Rights ReFor more information, or to purcha
please visit our websitewww.bkconnection.com
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