How to Liberate America from Wall Street Rule
by New Economy Working GroupType: Report
Published July, 2011
NEWGroup Launches Report on U.S. Money System Restructure
How to Liberate America from Wall Street Rule is a report of the New Economy Working Group produced in collaboration with the New Economy Network; it is an outcome of a series of conversations focused on building a policy agenda for transforming our money system. David Korten is the lead author; participating organizations include Business Alliance for Local Living Economies, Capital Institute, Democracy Collaborative, Green America, Institute for Policy Studies, Living Economies Forum, New Economy Network, New Rules Project, Institute for Local Self-Reliance, Public Banking Institute, RSF Social Finance, and YES! Magazine.
The report calls for building a money/banking/finance system of local financial institutions that are transparent, accountable, rooted in community and dedicated to funding activities that build community wealth and meet community needs. The proposed system will look quite similar to the one that existed in the United States before the wave of financial deregulation that began in the 1960s. The How to Liberate America from Wall Street Rule report briefly traces that history, outlines its devastating consequences, and presents an agenda for corrective action to change the system rules, structure, and culture.
To read the report online, click HERE; to download the high-resolution version for printing (9MB file), click HERE. It may be freely shared, reproduced, posted, and distributed in whole by any means without specific permission so long as it is presented in its entirety and is not altered or used for commercial purposes. (We encourage sharing via websites, newsletters, and social networking media. Follow #moneyreport and #neweconomy on Twitter for the latest news.)