Mar 28, 2022
Episode 41: Lessons from Decades in the Movement to Move Money from Wall Street to Main Street with Michael Shuman
In this episode, Capital Insight co-hosts and securities attorneys Jenny Kassan and Michelle Thimesch talk with Michael Shuman, economist, attorney, author, and entrepreneur, and a leading visionary on community economics. Michael is one of our nation's leading thinkers, speakers, and writers on the movement to move money from Wall Street to Main Street.
Key Takeaways:
* “What I see now are a number of unhealthy mutations in our capital system, where most of the money is going to Wall Street, even though Wall Street and the companies it represents are a relatively small fraction of our economy - and the vast majority of our economy, which is occupied by local businesses and institutions, gets little to none of our investment money. If we can fix that, I believe we can fix a whole bunch of other problems that we face.”
* “More than a million Americans of our 330 million population are actively involved in investment crowdfunding; that is significant, but it’s still less…