Category: Articles & Chapters

Christopher Schaefer (PhD), gives us both a short essay below recommending two books, and at the link, a five-page essay, “Mind the Gap: Wealth Disparities, the Deficit, and our Economic Future.”

CREATING COMMON WEALTH

Christopher Schaefer

It is now clear that the present global economic crisis is also a political and moral crisis raising fundamental questions about the nature of market capitalism in the West, in particular in the United States and England. Old arguments from the Right and the Left about more government involvement in society or less are often deemed irrelevant as the system is perceived as being corrupt and manipulated by economic and political elites.  A recent Pew Research Poll found that over 92 percent of Americans viewed the economy as bad, over 70 percent say they have suffered job related or financial hardship as a result of the great recession, 25 percent say they have difficulty paying their mortgage and 24 percent in paying their medical bills. Meanwhile 65 percent see government in a negative light and large banks and large corporations as corrupt, ( 67 and 64 percent respectively ). Or as David Korten states in Agenda for a New Economy, (Berrett Koehler) “conservatives and liberals share a sense that the dominant culture and institutions of the contemporary world are morally and spiritually bankrupt, unresponsive to human needs and values , and destructive of the strong families and communities we crave and our children desperately need.(1)

Korten's book is an excellent beginning in rethinking how our economy should be organized and should function. He makes a strong case for a 12 point agenda in achieving independence from Wall Street and and in creating a more local and sustainable economic future. The 12 point Agenda includes:

Continue reading “John Steiner: Christopher Schaefer on Wealth”