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

A revised and updated edition of David Korten's handbook for economic change from the grassroots level. Written in the aftermath of economic crisis, when joblessness and foreclosures persist, Wall Street executives receive substantial bonuses, and Washington lacks the political will for fundamental economic reform. Korten outlines an alternative to the corporate Wall Street economy: a Main Street economy built on locally owned, community-oriented "living enterprises." These enterprises would measure success by their positive impact on people and the environment alongside financial performance. According to Korten, this transition involves no loss, as the services Wall Street provides are fundamentally flawed. The book provides detailed guidance on organizing grassroots campaigns to establish an economy based on shared prosperity, ecological stewardship, and citizen democracy.