Global Rules

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

The Unfinished Business of Financial Reform

Lawmakers will need to consider financial speculation taxes in the next round of the fight to rein in Wall Street.

As senators prepare to fight their way through a blizzard of amendments to the financial reform bill, it's hard to predict exactly what we'll wind up with when the storm is over. But it's important to view this as merely round one in what will likely be a long struggle to rein in Wall Street.

Marching on K Street to Transform Wall Street

Tax Speculators: Shut down the Wall Street Casino

On May 17, I will join thousands of others in a creative protest on a street that most Americans don't know exists. It is "K Street" in Washington, and it is home to thousands of corporate lobbyists who get paid six figures to buy the votes in Congress.

Debt vs. Localization: Climate Justice in the New Economy

David Korten: Where does the concept of "climate debt" fit into a New Economy framework?

As the climate changes, the consequences for poor people in low-income countries—those who have had no part in the profligate consumption that created the problem—will be particularly devastating.

Enabling Wall Street's Gambling Problem

Thought bankers had learned their lesson in 2008? Think again.

After the financial meltdown of 2008, I remember thinking that I wouldn't be running into Wall Street lobbyists much anymore in the halls of Congress.

If you'd just driven the economy off a cliff, wouldn't you be embarrassed to show your face on Capitol Hill? And surely, I thought, these firms wouldn't spend their taxpayer bailout money on high-priced lobbyists.

Mining for Profits in International Tribunals

A new report documents increased lawsuits against governments by transnational corporations involved in the oil, mining, and gas industries.

In the context of high global prices for natural resources, developing country governments seeking to increase the benefits of those resources for their own people are finding themselves increasingly at odds with transnational corporations.

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