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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 than 1% of the population. To go further, we need a lot of education.”

Bio:

Michael Shuman works on community-based solutions rooted in local markets, small business and devolution and is the author of the acclaimed Going Local: Creating Self-Reliant Communities in a Global Age. Former Co-Director of the Institute of Policy Studies, Shuman founded the Center for Innovative Diplomacy, an 8,000-member nonprofit organization dedicated to promoting global peace, justice, development, and environmental protection through direct citizen and city participation in international affairs.

Get In Touch:

Website: https://michaelhshuman.com/

https://www.themainstreetjournal.org/

Socials:

Twitter: https://twitter.com/smallmart?lang=en

LinkedIn: https://www.linkedin.com/in/mishuman/

Instagram: https://www.instagram.com/yourlocalrepairman/

Additional resources:

  • Angels of Main Street is a community of investors with no minimum wealth or income requirement to join.  If you’d like to be part of a community of diverse investors who want to make a difference with their dollars, please join us in Angels of Main Street!

Episode Credit:

Intro and outro are voiced by Marina Verlaine. She can be contacted at reel.peach.vo@gmail.com

 

Check out past episodes here!