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meeting the GOOD requirements of a given

reliable real-time information about the

town, region or people.

financial and legal framework of an individual’s life landscape, was becoming ever more expensive, just as people were losing what wealth they had.)

What is GOOD for Main Street?

Coming out of the 2008-2010 financial sector collapse and restructuring, what the Main Street economy most required was a deliberate conscious focus on the part of

Once again: • “generative” means resource-reinforcing; • “organic” means generalized collaborative spontaneous economic activity;

financial institutions on the GOOD requirements of individuals, families and the fabric of surrounding  community in which they live day to day. That did not happen, so

• “optimization” means improving conditions; • “demand” refers to the real-world need for such reinforcements that improve quality of life at the human scale (individual, family and community).

lending has lagged, recovery in the housing market is indecisive at best, and the rate of new hiring is, accordingly, slow.

The Main Street economy is the heart of GOOD economic analysis.

The expansion of GOOD-relative economic reinforcements for Main Street requires a comprehensive decentralization of privatesector economic power. Oversized financial institutions run up against an arithmetical

The five categories of GOOD-relative reinforcements listed above can serve as a guide for what to look for in the GOOD status of the Main Street economy. The financial collapse of 2008 was calamitous by any application of GOOD-based economic

limit in their capacity for genuinely sustainable steadily increasing regular asset growth. Eventually, there are no longer enough resources outside their grasp to feed the

analysis: after a decade of declining affordability of political and community reinforcements, biological reinforcements, and then structural, became so cost-

expansion of the value of what is within their grasp. There are specific activities financial institutions can favor that will allow for a

intensive, more than 1/6 of the total population of the United States was living in poverty.

momentum shift, toward the decentralizing of economic power, effectively devolving power to consumers, and freeing corporate interests from the requirement to measure success

Community banks, reliant on vibrant local GOOD-relative economic activity, began to collapse, and larger banks, reliant on vibrant GOOD-relative financial activity more broadly, also found themselves on the brink.

exclusively by raw numerical growth. The leading consideration for the value of an enterprise should then shift toward how it is tied into achieving GOOD-relative reinforce-

Intellectual reinforcements for the GOODrelative economic standing of Main Street interests declined in every area except online information. (Education, as well as access to

ments for quality of life at the human scale.

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The HotSpring Quarterly - Sept. 2012  

This publication represents the work of a community of thinkers, researchers, reporters, educators, innovators and committed change-makers,...

The HotSpring Quarterly - Sept. 2012  

This publication represents the work of a community of thinkers, researchers, reporters, educators, innovators and committed change-makers,...

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