By David Laveman | BioDavid Korten certainly seems to have a grasp of the timely and seemingly intractable problems we face and a platform from which to raise critical questions. I read his book “The Great Turning” shortly after it was published and I found it provocative in the best sense of the word, laying out in clear relief the choices in front of us. His recent posts on “Beyond the Bailout” on Serene Ambition and on the New Economy initiative on his website spurred me to begin a deeper inquiry, the highlights of which I’d like to share here.
Although Korten’s analysis of the source of our current economic problems makes sense, I do not see much by way of articulating the real implementation trade-offs, conflicts and behavioral reactions that his ‘New Economy’ solution will trigger. For instance, even on a smaller scale we can see the enormous reaction that would take place if the government bails out homeowners who are being foreclosed and do nothing for those who are struggling to pay their mortgage