Six Ways to Liberate America From Wall Street Rule

Wednesday 20 July 2011

by: David Korten, Yes! Magazine | Report

New York Stock Exchange, Wall Street. (Photo: kainet)

How is it that our nation is awash in money, but too broke to provide jobs and services? David Korten introduces a landmark new report, "How to Liberate America from Wall Street Rule."

The dominant story of the current political debate is that the government is broke. We can’t afford to pay for public services, put people to work, or service the public debt. Yet as a nation, we are awash in money. A defective system of money, banking, and finance just puts it in the wrong places.

Raising taxes on the rich and implementing financial reforms are essential elements of the solution to our seemingly intractable fiscal and economic crisis. Yet proposals currently on the table fall far short of the need.

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