Michael Shuman on Local Stock Exchanges

By Michael Shuman, originally published by TEDxUVM

August 5, 2010

In this talk, Post Carbon Fellow Michael Shuman presents the idea of a stimulus package in local stock exchange. The key goals are to transform local businesses in small-stock companies and to create modest, intrastate electronic exchanges. With these simple and sensible legal reforms it could correct this market failure and bring literally trillions of new investment dollars into our communities.

Michael Shuman

Michael Shuman is director of research for Cutting Edge Capital, director of research and economic development at the Business Alliance for Local Living Economies (BALLE), and a Fellow of Post Carbon Institute. He holds an AB with distinction in economics and international relations from Stanford University and a JD from Stanford Law School. He has led community-based economic-development efforts across the country and has authored or edited seven previous books, including The Small Mart Revolution: How Local Businesses Are Beating the Global Competition (2006) and Going Local: Creating Self-Reliant Communities in the Global Age (1998).

In recent years, Michael has led community-based economic-development efforts in St. Lawrence County (NY), Hudson Valley (NY), Katahdin Region (ME), Martha's Vineyard (MA), and Carbondale (CO), and served as a senior editor for the recently published Encyclopedia of Community. He has given an average of more than one invited talk per week for 25 years throughout the United States and the world.

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Tags: local investing

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