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Economist Editor: Think Long-Term

Season 6 | 5m 26s

US Editor of The Economist, Matthew Bishop sees major problems in America's "obsession" with the ups and downs of the stock market. Bishop tells David Brancaccio that he believes Wall St. requires major reform, especially for the sake of our retirement. He says the short-term drive for profits led Wall St. to play "a casino game of the worst kind," but doesn't think the system is beyond hope.

Extras
Economist David Korten says power is moving from Wall St. to Main St, which is ok by him.
A bank cultivates prosperity by lending locally and giving profits back.
A community in Washington state pulls together to grow local jobs, using local resources.
Economist Jane D'Arista says retirement funds can be invested locally, avoiding Wall St.
Worker-owned cooperatives - with lofty goals - are on the rise and scaling up.
In time banking people swap services in a cashless system - which lowers taxes as well.
Four women start a catering co-op; part of a national movement to and train co-op groups.
A man creates a stunning tiny office that improves his work life and his bottom line.
Where are the jobs of the future going to come from? Watch this animation to find out.
Do we need to rethink how we measure well-being? Find out why it may be a good idea.