David Korten: 7 Steps for Action Toward a New Economy

[marmar]

from YES! Magazine:




7 Steps for Action Toward a New Economy
Seven reasons why our Old Economy is failing—each paired with its New Economy solution.

by David Korten
posted Mar 02, 2011


In his recent State of the Union address, President Obama emphasized the global competition for jobs. He pointed to the example of China and India educating their children “earlier and longer, with greater emphasis on math and science.” He brought both Republicans and Democrats to their feet to applaud his call for America to “out-innovate, out-educate, and out-build the rest of the world.”

It was a politically unifying moment—and one that revealed how badly we have lost our way as a nation, not to mention how far our national economic and political institutions are from providing the leadership that we, and the world, now need.

A global competition for survival and dominance has given us a world divided between the profligate and the desperate. It leads to the expropriation of ever more of the world’s real wealth to secure the privilege and extravagance of the few. Rededicating ourselves to this destructive path is not likely to produce a different result.

Hope for our common human future depends instead on global cooperation to create a world in which every child can look forward to a prosperous, secure, and meaningful life irrespective of nationality, race, or religion. This will require replacing the economic policies and institutions responsible for Old Economy failure with the policies and institutions of a New Economy—one based on positive life-values and a democratic distribution of power. ...........(more)

The complete piece is at: http://www.yesmagazine.org/blogs/david-korten/7-steps-for-action-toward-a-new-economy