"To achieve true prosperity, we must create economies grounded in a living systems logic that recognizes three fundamental truths: The economy’s only valid purpose is to serve life. Equality is foundational to healthy human communities and a healthy human relationship to Earth’s biosphere. Money is a means, not an end."

— David Korten, “America’s Deficit Attention Disorder.”

(Source: )

"

The deficit-hawks recoil in horror and assure us that we can reduce government debt while leaving the financial assets of the rich untouched. It makes perfect sense in the fantasy world of pure finance in which profits and the financial assets of the rich grow perpetually even as growing inequality and wasteful material consumption deplete the social capital of community and the natural capital of Earth’s biosphere.

A viable human future, however, must be based on living world realities rather than financial world fantasies.

"

— David Korten, “America’s Deficit Attention Disorder.”

If you are new to the movement and looking for ways to engage, you might begin by declaring your personal independence from Wall Street. Shop at local independent stores where possible, and purchase locally made goods when available. Make similar choices as to where you work and invest. Join the voluntary simplicity movement by cutting back on unnecessary consumption.

Pay with cash at local merchants to save them the credit card fee. Do your banking with an independent local community bank or credit union that will invest your money back in your community. Coop America provides a useful free Investing in Communities guide.

If you are drawn to engage with others, keep in mind that there is no magic bullet solution and no one individual is going to resolve the dysfunctions of Wall Street’s misadventures by themself. The key is to find opportunities to contribute that fit your distinctive skills, passion, and connections.

David Korten, “How you can get started building a new economy.”

Tags: economy

Mattea Kramer sets the record straight on the deficit, and spending for military and health care.

Tags: economy

robertreich:

As Justice Oliver Wendell Holmes, Jr., wrote in 1904, “taxes are the price we pay for a civilized society.”

But the wealthiest Americans, who haven’t raked in as much of America’s income and wealth since the 1920s, are today paying a lower tax rate than they have in over thirty years. Even…

Fool Your Brain to Escape Debt: ReadyForZero, a new online resource recently profiled by Fast Company, tries to make paying down debts less baffling through data synthesis,  minimal visual design, video game theory, and psychological mind  hacking.
Keep reading …

Fool Your Brain to Escape Debt: ReadyForZero, a new online resource recently profiled by Fast Company, tries to make paying down debts less baffling through data synthesis, minimal visual design, video game theory, and psychological mind hacking.

Keep reading …

"A careerist in my position would have stayed in New York, would have smiled and combed her hair and made herself cheerfully obedient, would have pleasantly harassed people until she got a job, would have been plucky and assertive and enthusiastic and all the things I was not. I have since become that person, more or less. But back then I instead went South, gained twenty pounds, got drunk most nights, and made some very good friends."

— Emily Witt, a former intern at The Oxford American, writes about the joys of unpaid internships. Keep reading …

newyorker:

Over the past week, we’ve been dropping by the Occupy Wall Street camp in Zuccotti Park and taking photographs. (We’ve also been writing about the protests: read our coverage.) Click here for a closer look at what we’ve seen.

(via ireadintothings)

"Governments don’t rule the world, Goldman Sachs rules the world."

(via Yahoo! News)

That’s what a purported London-based independent trader named Alessio Rastani told the BBC on Monday in a jaw-dropping interview that quickly went viral.

But just as quickly, rumors swirled that Rastani was actually a member of the Yes Men, a loose-knit group of merry pranksters and imposters that attempt to manipulate the media with the goal of exposing the dubious conduct of big corporations.

The Yes Men publicly denied that Rastani is a member. And the BBC said in a statement that it doesn’t think he is, either: “We’ve carried out detailed investigations and can’t find any evidence to suggest that the interview with Alessio Rastani was a hoax. He is an independent market trader and one of a range of voices we’ve had on air to talk about the recession.”

robotpanda:

Efficiency at work, comparing hours worked to GDP per capita.
(via GOOD.is)

robotpanda:

Efficiency at work, comparing hours worked to GDP per capita.

(via GOOD.is)

(via sunfoundation)