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How to Liberate America From Wall Street Rule

How to Liberate America From Wall Street Rule

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Published by Iván Kaddour-Rouge

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Published by: Iván Kaddour-Rouge on Aug 28, 2011
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How to Liberate America from Wall Street Rule
A Report from the New Economy Working Group
 Participating Organizations 
 Business Alliance for Local Living EconomiesCapital InstituteDemocracy CollaborativeGreen AmericaInstitute for Policy StudiesLiving Economies ForumNew Economy NetworkNew Rules ProjectPublic Banking InstituteRSF Social FinanceYES! Magazine
How toLiberateAmericafromWall StreetRule
How to Liberate America from Wall Street Rule
A Report from the New EconomyWorking Group
How toLiberate Americafrom Wall Street Rule
Alissa Barron, Gar Alperovitz, Sarah Anderson, Ellen Brown, John Cavanagh, Chuck Collins, John Fullerton, Jared Gardner,Alisa Gravitz, William Greider, Fran Korten, Michelle Long, Stacy Mitchell, Doug Pibel,Don Shaffer, Michael Shuman, Sarah Stranahan, Gus Speth, and Sarah van Gelder July 2011
Participating Organizations
Edited by Doug Pibel. Designed by Tracy Loeffelholz Dunn.Cover photo by Sönke Hartmann This document is provided for educational purposes at no charge to the reader. Reproduction is encouraged in all forms,except that reproduction for sale or for any for-prot use is expressly forbidden.
How to Liberate America from Wall Street Rule
A Report from the New Economy Working Group
 This report addresses issues and options largely ignored by the current public conversationon nancial reform. It confronts the need to not simply x or reform Wall Street but ratherto create a Main Street-based money and banking system accountable to local communitiesand responsive to their needs. The intention is to redirect the conversation to deeper issuesand options that the establishment has so far kept off the table. The essential issues arestraightforward matters of values and power readily understood by most everyone—as thisreport intends to demonstrate. This report is prepared and issued by the New Economy Working Group (NEWGroup), aninformal alliance coordinated by the Institute for Policy Studies (IPS) and comprised of IPS,YES! Magazine, the Business Alliance for Local Living Economies (BALLE), and theLiv- ing Economies Forum, plus individual members Gar Alperovitz, Stacy Mitchell, and GusSpeth. It is co-chaired by John Cavanagh and David Korten, and coordinated by Noel Ortega.NEWGroup’s mission is to articulate and popularize a bold vision and implementing strat-egy for a New Economy that works for all of Earth’s people and the living systems on whichtheir well-being depends. See the Appendix for NEWGroup’s statement on what we mean bya New Economy. This report grows out of an ongoing New Economy Transitions discussion series organizedby NEWGroup and the New Economy Network—an informal alliance of individuals and or-ganizations coordinated by Sarah Stranahan.Many individuals and organizations played critical roles and contributed important ideas tothe extended conversation on which this report is based. Individuals who made signicantcontributions by way of concepts, proposals, and feedback include: Alissa Barron, Gar Alp-erovitz, Sarah Anderson, Heather Booth, Ellen Brown, John Cavanagh, Chuck Collins, JohnFullerton, Jared Gardner, William Greider, Fran Korten, Michelle Long, Stacy Mitchell, DougPibel, Don Shaffer, Michael Shuman, Sarah Stranahan, Gus Speth, and Sarah van Gelder.Participating organizations in addition to the New Economy Working Group partners include:Capital Institute, Democracy Collaborative, New Economy Network, New Rules Project of theInstitute for Local Self-Reliance, and Public Banking Institute, and RSF Social Finance.All of these individuals and organizations have reviewed the nal report. They do not neces-sarily endorse all of the report’s premises, conclusions, and recommendations. All, however,agree on the need for a lively public conversation on the issues and options presented. Allare committed to advancing that conversation.Final responsibility for the report’s content, including errors and omissions, rests withDavid Kortenas the primary author. Korten is co-chair of theNew Economy Working Group, co-founder and board chair of YES! Magazine, founder and president of theLiving Econo- mies Forum, and a founding board member of the Business Alliance for Local Living Econo-mies (BALLE). His books include
Agenda for a New Economy: From Phantom Wealth to Real Wealth 
The Great Turning: From Empire to Earth Community 
, and the international bestseller
When Corporations Rule the World 
. He has MBA and Ph.D. degrees from the StanfordBusiness School. In his earlier career he served as a captain in the U.S. Air Force, a HarvardBusiness School professor, a Ford Foundation project specialist, and Asia regional adviseron development management to the U.S. Agency for International Development.

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