AGENDA FOR A NEW ECONOMY: FROM PHANTOM WEALTH TO REAL WEALTH - 2nd Edition
A Declaration of Independence from Wall Street
Nearly two years after the economic meltdown, joblessness and foreclosures are still endemic, Wall Street executives are once again getting massive bonuses, and each day brings scandalous new revelations of Wall Street corruption. Yet Washington remains unable to make the fundamental policy changes desperately needed to achieve real recovery.
The first edition of Agenda for a New Economy (Agenda1) made a compelling case that Wall Street cannot be fixed and must be replaced. This substantially revised, expanded, and updated 2nd edition (Agenda2) explains why a visionary new president opted for marginal reform and what we as citizens can do to break through the political paralysis.
Agenda2 is issued as a report of the New Economy Working Group, which has been engaged for a year and a half in transforming the list of policy actions outlined in Agenda1 into a coherent, holistic, systemic policy agenda. The result is a call for a national Declaration of Independence from Wall Street and a handbook for a nonviolent Main Street revolution.
Agenda2 identifies the system by which money is created and allocated as the ultimate instrument of social control in modern society. It breaks new ground in outlining a clear and coherent plan to replace the corrupted life-destroying phantom-wealth Wall Street money system with a life-serving living-wealth Main Street money system that favors life values over financial values, roots power in people and community, and supports local resilience and self-organization within a framework of living markets and living democracy.
Agenda2 is based on the simple premise that the only legitimate purpose of an economy is to support people in meeting their needs for the basic goods and services needed for a full and healthy life in ways that are dignified and spiritually fulfilling. If existing economic institutions fail to fulfill this purpose, it is the democratic right of the people to change them.
Perhaps the greatest barrier to change is the false belief that we are limited to the choice between a capitalist system that subjects people to rule by unaccountable self-serving financiers and a socialist economic system that subjects them to rule by unaccountable self-serving bureaucrats. Agenda2 demonstrates that there is an alternative that looks a lot more like the market economy Adam Smith had in mind than an economy centrally planned by Goldman Sachs, Wal-Mart, Halliburton, and Monsanto.
There are now many books in print delving into the arcane details of exactly how Wall Street structured and implemented its many scams. Agenda2 is one of the few books that takes a comprehensive look at what can be done to shut down the criminal syndicate that Wall Street has become and put in place a life-serving New Economy able to achieve ecological balance, an equitable distribution of Earth’s resources, and a living democracy responsive to the needs and values of ordinary people
2nd Edition Table of Contents