Agenda for a New Economy: From Phantom Wealth to Real Wealth
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It represents nothing else, but gives enormous power to the people who create it. The whole system is dedicated to creating these numbers from nothing through financial bubbles by all means of accounting manipulation in order to give the Wall Street money managers control over all walks of society. So phantom wealth is any kind of financial wealth which is created from nothing unrelated to the creation of anything with real value and I would argue that Wall Street produces nothing of value. Real wealth starts with anything of real value, land, labour, health, education, technology, food, endless numbers of things that are real, that are central to our survival, but the most important form of real wealth has no monetary value, like love for a healthy and happy child, or a strong family, a caring community, a vibrant natural environment, these are all forms of living wealth which is the ultimate real wealth.
How do you envisage conversation getting us out of the current crisis? All of those stories are currently framed within a culture in ways that support the system of domination and exploitation which I refer to as Empire. The thing that is really interesting to me is the deep level of conversations among people. So women got together and started having heartfelt conversations about their role and those cultural beliefs, and it turned out that that story was not working for many women.
Women became very much aware that the fault was not in themselves, the fault was in the cultural stories so they changed the cultural stories and that unleashed the feminine power in society. Around the world, a growing crisis of legitimacy characterizes the relationship between citizens and the institutions that affect their lives. Citizens speak of mounting Around the world, a growing crisis of legitimacy characterizes the relationship between citizens and the institutions that affect their lives. Citizens speak of mounting Also dubbed Urban Agriculture, we see a rise in small and larger initiatives in our hopelessly crowded cities around the world.
New York , Back-to-back with the two-day Open for Change event, an Ignite event took place in the afternoon of October 10th, , in the Van Nelle factory, Rotterdam. Fifteen speakers presented daring perspectives and inspiring thoughts on how people all over the world are actively shaping their societies From Phantom Wealth to Real Wealth. Related Articles. Can Do-ocracy deepen democracy? An international perspective A symposium by Hivos, ISS and the Dutch Scientific Council for Government Policy 6 December Around the world, a growing crisis of legitimacy characterizes the relationship between citizens and the institutions that affect their lives.
Read more. Like the unsustainable expectation for a 20 year vacation at the end of one's life. Or the unreasonable belief that money sitting around should grow more money.
Dec 12, Brian rated it liked it. I keep hoping I'll find the book that lays out the perfect strategy for replacing the current system with one that actually serves people Korten's book comes close--there are some very clear explanations of what's wrong with Capitalism as it is currently constituted, with the use of some helpful cover terms, like "phantom wealth" vs. I like the move toward localized, sustainable economies in line with the food and environmental movements I keep hoping I'll find the book that lays out the perfect strategy for replacing the current system with one that actually serves people I like the move toward localized, sustainable economies in line with the food and environmental movements.
I'm not sure the Wall Street vs.
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Main Street works well any longer, since the right wing fringe elements of the Tea Party have coopted that one, but there are some good generalities in the book, as well as a fairly useful checklist of "what can I do"s at the end. This approach will help move people who are afraid of socialism away from what is at the core of capitalism without feeling like they're signing themselves over to totalitarianism. Sounds like anarchism at its best to me. Jul 20, Gemma Alexander rated it it was ok Shelves: money.
The author seems very qualified, the writing was vibrant and colorful, and I think I agree with his primary argument. But I think I wanted a book that would explain how to rebuild the American economy on rational principles. This book read more like a very long op-ed piece on why to restructure the economy. I think that the author could have made a strong argument that a "Main Street economy" while supporting human values instead of shareholder profit is the most financially sound approach the The author seems very qualified, the writing was vibrant and colorful, and I think I agree with his primary argument.
I think that the author could have made a strong argument that a "Main Street economy" while supporting human values instead of shareholder profit is the most financially sound approach the current economic crisis. This was implied in the book, but the focus was on the ideal society a Main Street economy would support.
So instead of reading like an informative book on rethinking economic principles, it read like a financial version of Ecotopia. Which is probably what the author meant to do, but wasn't what I was looking for. Jan 12, Susan Lausell rated it really liked it. The first half reviews our economic meltdown, which you may want to skim over if you've read enough about the topic.
The second half is the agenda for the new economy which is refreshingly sane and simple. Thankfully, Korten doesn't proposed a detailed plan, just the conceptual framework. I delight that at least a conversation exists for old school, simple, sensible economics without the 3 card monty, "you don't know what's real" economics we have come to. Jan 30, Margaret D'Anieri rated it liked it Shelves: theology-economy , nonfiction-ecology-economy. Korten does a good job of explaining the Ponzi scheme at the root of our financial system.
He does a fair job of suggesting what needs to change, including using GDP as a measuring stick. But he gets repetitive and wants to throw out some babies along with the bath water ; easy to rail against what doesn't work and not so easy to change. Still worth a read.. Apr 11, Jay rated it it was amazing.
This book provides an interesting framework for understanding contemporary economic issues.
I read this after having seen the documentary "American Casino", that film really complemented the message in this book. Jul 11, Wilson rated it really liked it. David Korten is a passionate author for localized economies. He convinced me. It is a powerful declaration of independence from Wall Street. It is a good first read for someone who is not an economist.
We all should read this book. Feb 02, Seth Wilpan rated it it was amazing. Concise, accessible explanation of how the current economic system robs us of real wealth and contributes to the degradation of the planet, and how the system was able to develop this way. Clear vision of an alternate economy and how we can get there with minimal dislocation.
Apr 04, Anita rated it really liked it. Looks at new ways to view our world and society during these horrendous economic times. Korten shows how we might create a new paradigm based on "real wealth" rather than "phantom wealth".
Interesting and thought provoking. I loved reading this book! Very clear, to the point and offering realistic and simple solutions, as far as solutions to the mess we're in can be simple David Korten is the co-founder of Yes! Fluffy and sensationalist. Unfortunately this volume could be easily dismissed because of the lack of concrete solutions.
I agree with the author about the subject, and he includes a few valuable statistics, but overall the book is rambling and ineffective. Aug 03, Aaron Timlin rated it it was amazing Recommends it for: everyone. A great book. Easy and quick read. This agenda is exactly what we need and we are already doing it, but this book helps us focus. Mar 20, Anthony rated it liked it.
In theory this would be nice. Feb 22, Marlene rated it liked it. Interesting premise. I wonder if he's right - that humankind is philanthropic at heart.
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Jan 21, Shanti rated it it was amazing. Now I want to live in a smaller community with a warm local network, more interdependent on each others resources. Inspired to keep things simple and keep things close. View 1 comment. There are no discussion topics on this book yet. Readers also enjoyed. Social Issues.