YES! busted nine persistent economic myths... and replaced them with a different story: the story of a new economy, built on new forms of money, local finance, and democractic business.
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Building a Just and Sustainable World   July 2009
Comic by Stephanie McMillan for YES! Magazine

Reinflate the Old Economy? Get Real!

The current economy is undermining the health of the planet and the well-being of all but the wealthiest few. It's time to let it go.

Here are the commonly-held beliefs that keep us stuck in the current economic mess. What if we base our economy on a new story: one that is true for everybody, not just for the rich…

Old Economy script Get Real script
crumpled money Money
The measure of a healthy economy is a growing GDP.
A healthy economy meets real needs within ecological limits.

All you need is money.
You can't eat money. What we need is healthy families, communities, and ecosystems.

Booms and busts are inevitable in a modern economy.
The boom/bust cycle is a result of letting banks create money.

cumpled dollar note Finance
Wall Street is the engine that powers our economy.
Most real economic activity is local.

Corporate banks are too big to fail. We need them to keep our economy going.
Small, responsible banks and credit unions build real wealth in our communities.

The smart investor insists on high returns.
Slow community investments pay back in dollars and quality of life.

crumpled money money
Well-run businesses require a hierarchy of highly paid executives.
Worker co-ops are efficient and democratic, and workers keep the profits.

The freedom to do ecological damage improves the business climate.
If we destroy the environment, there is no business … or climate.

Large corporations are efficient, innovative, and create jobs.
Locally rooted small- and medium-sized businesses create the jobs and innovations we need.

Take us up on this introductory offer to subscribe today, starting with the New Economy issue.
[Free with subscription: David Korten's latest book]

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Rebecca Adamson on Scarcity, Wall Street, and How to Thrive in Hard Times

Rebecca Adamson
Age-Old Wisdom for the New Economy
Interview by Sarah van Gelder
Indigenous people have learned a few things about making it through hard times. Rebecca Adamson discusses what traditional economies did to foster abundance, sharing, and harmony with Mother Earth.

YES! Features

Bike generator from the book The Human-Powered Home

The Pedal-Powered Home
Choosing Muscles over Motors

This hand-cranked and pedal-powered guide will serve as an excellent resource for nonprofits wanting to assist the poor in developing countries, but its most provocative application may be in the industrialized world.

Sherman Alexie, photo by Kevin Curlett

The Day Sherman Alexie Set Me Free
How Dare You Tell The Truth?

A young native writer’s ambush interview with Sherman Alexie throws her into a whirlpool of unanswerable questions about tribal loyalty, silence, and healing.


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British Muslim producer Waseem Mahmood decided to take action—by creating a pop song and launching a movement.

Resource Guide
Resource Guide icon Jump start your local economy with our pick of groups, initiatives, and books about the new economy.
Americans Who Tell the Truth: Get artist Robert Shetterly's beautiful coffee-table book and gift card sets available from the YES! store. Order today!
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