Agenda for a New Economy

Mar 14, 2009

Elliott Bay Book Company

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 .. Read More
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.

1 hours, 26 minutes | 1,110 Views

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TRANSCRIPT

TIME SPEAKER TEXT
00:48:49 Unidentified Speaker I AM TAKING MY CUES FROM MY PARTNER BACK THEIR.
00:48:52 Unidentified Speaker IS YOUR BOOK BEING WELL RECEIVED BY ANYBODY IN THE OBAMA ADMINISTRATION OR IS ANY OF THIS GOING TO...
00:49:02 Unidentified Speaker IS CERTAINLY BEEN WELL RECEIVED BY EVERYBODY I KNOW, AND I HAVE FRIENDS IN WASHINGTON THAT ARE HAVING...
00:49:42 Unidentified Speaker I DON'T KNOW MUCH ABOUT FINANCES OR ECONOMICS ARE ANYTHING, BUT I AM INTERESTED IN WHAT IS HAPPENING...
00:50:02 Unidentified Speaker THE CRISIS IS EXTREMELY URGENT, EVERY TIME WE GET A REPORT ON CLIMATE CHANGE TO THE SCIENTISTS SAY...
00:51:17 Unidentified Speaker I JUST WONDER IF YOU ARE CONCERNED ABOUT THIS WHOLE ECONOMIC MELTDOWN IS JUST GOING TO BLOW OVER,...
00:52:00 Unidentified Speaker WELL, ACTUALLY FDR DID FIX A LOT OF IT. WE HAVE A LOT OF INNOVATIONS IN TERMS OF INNOVATION AND SO...
00:55:16 Unidentified Speaker TO ME THE ISSUE IS A CULTURAL ONE, THE QUESTION IS HOW YOU CHANGE THE VALUES OF THE AUTHORITY? LIKE...
00:56:05 Unidentified Speaker HOW DO YOU CHANGE PEOPLE'S CORE VALUES IN THE WESTERN WORLD? THE THING THAT I HAVE COME TO ON THAT...
00:58:39 Unidentified Speaker I MOVED FROM THE MIDWEST OR HOUSES WERE EXPENSIVE BUT NOT REALLY EXPENSIVE TO HEAR WHERE I PAID TWICE...
00:59:27 Unidentified Speaker [LAUGHTER] WELL, WHAT HAPPENS TO OUR HOUSING A GREAT MOVE TO A REAL WELL THE ECONOMY, DO WE ALL GET...
01:01:15 Unidentified Speaker THINKING BROADLY HOW YOU ENVISION THE NATURE OF THE STATE THAT COULD IMPLEMENT THE AGENDA THAT YOU...
01:01:38 Unidentified Speaker THE QUESTION IS WHAT KIND OF STATE TO I ENVISION. I ACTUALLY THINK DEMOCRACY WOULD BE A GOOD IDEA....
01:04:59 Unidentified Speaker IS THAT PART OF WHAT IS HAPPENING WHEN THE FDIC TAKES OVER SOME BANKS AND THOSE BANKS, I SAW A PROGRAM...
01:05:30 Unidentified Speaker I AM DELIGHTED TO HEAR THAT STORY. SHE IS SAYING THAT IT THIS CASE OR THE FDIC TOOK OVER A SMALL BANK...
01:06:33 Unidentified Speaker I WILL E-MAIL YOU THE SOURCE.
01:06:35 Unidentified Speaker PLEASE DO, THAT WOULD BE FABULOUS. I'M SORRY, I WAS NOT PAY ATTENTION.
01:06:43 Unidentified Speaker MY QUESTION IS,, FIRST I WANT TO MAKE A DISTINCTION BETWEEN AND THE MONEY SYSTEM AND THE ECONOMIC...
01:08:06 Unidentified Speaker HOW DO WE GET TO A WIN-WIN? HAD WE EDUCATE PEOPLE TO THE POSSIBILITIES OF A WIN-WIN? WELL, IF WE APPROACH...
01:09:33 Unidentified Speaker WHAT I WOULD LIKE TO HEAR YOU TALK ABOUT IS ON MONDAY NIGHT AND THERE IS A WOMAN SPEAKING HERE ON...
01:10:10 Unidentified Speaker WHAT IS THE VIEW OF MICROFINANCING AND IS IT A PART OF THE NEW ECONOMY? THERE ARE SOME OF THE COMPLEXITIES...
01:13:09 Unidentified Speaker IF THERE WERE NO INTEREST, WHAT WOULD HAPPEN?
01:13:12 Unidentified Speaker IF THERE IS NO INTEREST, WHAT WOULD HAPPEN. THERE ARE VARIOUS WAYS TO ORGANIZE A MONEY SYSTEM HERE...
01:16:20 Unidentified Speaker WHAT ARE YOUR THOUGHTS ON OF THE NEW TECHNOLOGY THAT ALLOWS PEOPLE TO SELF ORGANIZE AND COLLABORATE...
01:16:31 Unidentified Speaker ABOUT THE INTERNET TECHNOLOGIES PERHAPS THE SOCIAL NOT WORKING ON THE INTERNET? I HAVE TWO MINDS ON...

NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.

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