Agenda for a New Economy

David Korten talked about his book, Agenda for a New Economy. He explains that Wall Street can not be fixed because it is based on the creation of phantom wealth, or the creation of wealth on accounting books without creating anything of value. He advocated for a replacement system that focuses on the production of value at the “Main Street” level that exists to help communities rather than large financial institutions. He talked about new ways in measuring economic well being instead of focusing on wealth creation. Mr. Korten responded to questions from the audience following his remarks.

David Korten is the author of Agenda for a New Economy: From Phantom Wealth to Real Wealth, published by Berrett-Koehler Publishers. He is the chairman of the board of Yes! magazine and author of The Great Turning, The Post-Corporate World, and When Corporations Rule the World. He is also founder and president of the People-Centered Development Forum. close