March 30, 2020 The Corporate Social Responsibility Newswire

news by category

Agenda for a New Economy: From Phantom Wealth to Real Wealth

Author: David C. Korten (Author)

Purchase: Buy


Today's economic crisis is the worst since the Great Depression. However, as David Korten shows, the steps being taken to address it do nothing to deal with the reality of a failed economic system. It's like treating cancer with a bandage. Korten identifies the deeper sources of the failure: Wall Street institutions that have perfected the art of creating "wealth" without producing anything of real value--phantom wealth. Our hope lies not with Wall Street, Korten argues, but with Main Street, which creates real wealth from real resources to meet real needs. He outlines an agenda to create a new economy--locally-based, community-oriented and devoted to creating a better life for all, not simply increasing profits. It will require changes to how we measure economic success, organize our financial system, even the very way we create money, an agenda Korten summarizes in his version of the economic address to the nation he wishes Barack Obama were able to deliver.

About the author: David Korten ( is the author of Agenda for a New Economy, The Great Turning: From Empire to Earth Community, and the international best seller When Corporations Rule the World. He is board chair of YES! Magazine and co-chair of the New Economy Working Group. Stay tuned for a New Economy 2.0 blog series co-sponsored by CSRwire and YES! Magazine based on excerpts from Agenda for a New Economy, 2nd edition set to launch January 2011.

View CSRwire commentary about Agenda for a New Economy here.


Issuers of news releases and not csrwire are solely responsible for the accuracy of the content