Wouldn’t you rather put money into your Main Street instead of Wall Street? Not even 1 percent of Americans’ long-term savings are invested locally, largely because it’s not possible under the current system. But what would our towns look like if a larger fraction of this $30 trillion was in local economies? Join a free live discussion featuring popular author Michael Shuman, on how to shift your money from Wall Street to Main Street, March 22nd at 7 PM Eastern, 4 PM Pacific.
Shuman is the author of the important new book, Local Dollars, Local Sense, which details how local investing can be done, using a variety of approaches from cooperatives to local exchanges. Exploring these options is increasingly important: the big multinational banks that hold the majority of the country’s savings mostly do not act in the interest of the places where their depositors and shareholders live.
But local businesses do care, and they comprise more than half the economy by output and jobs, so shouldn’t we try to make them bigger and better? Plus, increasing evidence suggests that local businesses are remarkably profitable and competitive, so it makes good investment sense, too.This unique opportunity will allow you to hear about the rules that preclude 99 percent of Americans from investing locally, the alternatives, and ask your own questions of Shuman. It is free to join, will be moderated by Orion staff, and is open to all readers and friends. Registration is required, so hop on over to Orion’s site and sign up! Date: Thu, Mar 22, 2012 Time: 07:00 PM EDT Duration: 1 hour Host: Erik Hoffner About Michael Shuman An economist, attorney, author, and entrepreneur, Michael Shuman has authored, co-authored, or edited seven books, including The Small Mart Revolution: How Local Businesses Are Beating the Global Competition (Berrett-Koehler, 2006) and Going Local: Creating Self-Reliant Communities in the Global Age (Free Press, 1998). He is research and public policy director for Business Alliance for Local Living Economies (BALLE), and he holds an A.B. with distinction in economics and international relations from Stanford University and a J.D. from Stanford Law School. His new book Local Dollars, Local Sense is the first in the Community Resilience Guide series from the Post Carbon Institute, published by Chelsea Green. A national book tour begins this month.