David Korten: "Agenda for a New Economy: From Phantom Wealth to Real Wealth"

Meanwhile, the Obama administration administration could be planning on spending even more money to bailout the nation"s banks. Speaking on CBS’s “Face the Nation,” Vice-President Joseph Biden said Treasury Secretary nominee Timothy Geithner will soon report on whether he thinks banks need more bailout money. Speculation is growing that the Obama administration may decide to nationalize two of the nation"s largest banks Citigroup and Bank of America. Earlier this month the Bush Treasury Department announced an additional $118 billion infusion for Bank of America. Citigroup recently announced it suffered an $8 billion net loss in the fourth quarter.

For more on the economy, I want to turn now to David Korten. He is co-founder of Positive Futures Network, and publisher of YES! Magazine. He is also a former professor at Harvard University"s Graduate School of Business and the author of several books including “When Corporations Rule the World” and “The Great Turning: From Empire to Earth Community.” His newest book is titled “Agenda for a New Economy: From Phantom Wealth to Real Wealth.”

David Korten, co-founder and board chair of YES! Magazine. He is also a former professor at Harvard University’s Graduate School of Business and the author of several books including “When Corporations Rule the World” and “The Great Turning: From Empire to Earth Community.” His newest book is titled “Agenda for a New Economy: From Phantom Wealth to Real Wealth” (Berrett-Koehler)

Related Links

• Excerpt From "Agenda for a New Economy: From Phantom Wealth to Real Wealth"
• YES! Magazine