Political Perspectives on 10/13/10
COMMUNITY AND THE NEW ECONOMY
Why Wall Street can't be fixed and how to replace it
David Korten is the author of the 2009 book: "Agenda for a New Economy" and chair of the board of YES Magazine. He is probably best known for his famous anti-globalization book: When Corporations Rule the World.
He argues that pouring trillions of dollars in bail-out money into the Wall Street institutions that created the crisis does nothing to repair the failed economic system.
In this speech, given in March 2009 at the NW regional conference of Veterans for Peace, he analyzes two major flaws of the current economic system and points to ways to replace them. One is the monetary system, the other the concept of ever increasing growth, measured as GDP.
From TUC Radio http://www.tucradio.org