Beyond the Bubble Economy

We've finally learned that a growing financial sector isn't the same thing as actual economic improvement. So how can we stimulate the real economy?

by David Korten

 

Public anger at the 2008 Wall Street bailout, concerns about debt, and a deep and pervasive fear that another financial crash is just a matter of time create an important moment of opportunity for a long overdue public conversation about the purpose of financial services and the necessary steps to assure that the financial sector fulfills that purpose.

Much of the recent discussion of financial reform has centered on limiting Wall Street excesses to curb fraud and reduce the risk of another financial crash.