A New Capitalism
Creating a Just Economy That Works for All
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Narrated by:
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Zak Griffin
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By:
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Frank Altman
About this listen
In A New Capitalism, Frank Altman, a legendary figure in the Community Development Finance industry, offers a systematic argument for why and how American capitalism can be extended to people from every walk of life, including those from low-income census tracks. He explores the history and cultural realities that have created an unequal financial playing field, particularly for BIPOC communities and how innovative approaches can create sound investment devices and exponential growth in minority and women-owned businesses and increase levels of home ownership. Altman exposes the false belief held by many that capitalism operates at greatest efficiency when only focused on increasing the wealth of the richest segments of a population and offers clear evidence how American capitalism has always existed within a regulated system.
In a time of extreme financial market uncertainty, Altman designs a roadmap for navigating precarious investment conditions and increasing the impact of investment to benefit those historically locked out of financial opportunity. Through numerous examples, including those developed by the nonprofit community finance organization he founded, Community Reinvestment Fund, USA, Altman offers clear evidence how lives can be bettered, futures altered, and entire communities transformed through the creation of ESG-minded investment strategies. Among the programs elucidated within A New Capitalism, are the New Markets Tax Credits, The Detroit Home Mortgage, Small Business Administration loans, the Payroll Protection Program, and the Bond Guarantee Program. As the book also demonstrates, the kinds of approaches and strategies on which Altman focuses now extend into all financial and investment institutions and have critically important applications for those far beyond Community Development Financial Institutions.
©2023 Frank Altman (P)2023 Advantage Media Group, Inc.Listeners also enjoyed...
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Raghuram Rajan was one of the few economists who warned of the global financial crisis before it hit. Now, as the world struggles to recover, it's tempting to blame what happened on just a few greedy bankers who took irrational risks and left the rest of us to foot the bill. In Fault Lines, Rajan argues that serious flaws in the economy are also to blame, and warns that a potentially more devastating crisis awaits us if they aren't fixed.
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A REAL SNOOZER
- By Frank on 12-02-10
By: Raghuram Rajan
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Out-Innovate
- How Global Entrepreneurs - from Delhi to Detroit - Are Rewriting the Rules of Silicon Valley
- By: Alexandre Lazarow
- Narrated by: Dennis Boutsikaris, Alexandre Lazarow
- Length: 7 hrs and 42 mins
- Unabridged
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As venture capitalist Alexandre Lazarow shows in this insightful and instructive book, this Silicon Valley "gospel" is due for a refresh - and it comes from what he calls the "frontier", the growing constellation of startup ecosystems, outside of the Valley and other major economic centers, that now stretches across the globe. The frontier is a truly different world where startups often must cope with political or economic instability and lack of infrastructure, and where there might be little or no access to angel investors, venture capitalists, or experienced employee pools.
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Great material for SF and Frontier entrepreneurs!
- By Brett Fulmer on 04-15-20
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The Prosperity Paradox
- How Innovation Can Lift Nations out of Poverty
- By: Clayton M. Christensen, Efosa Ojomo, Karen Dillon
- Narrated by: Mike Chamberlain
- Length: 9 hrs and 37 mins
- Unabridged
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Clayton M. Christensen, the author of such business classics as The Innovator’s Dilemma and the New York Times best-seller How Will You Measure Your Life, and coauthors Efosa Ojomo and Karen Dillon reveal why so many investments in economic development fail to generate sustainable prosperity and offers a groundbreaking solution for true and lasting change.
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Simplistic, lack of insights
- By D. Cameron on 05-24-21
By: Clayton M. Christensen, and others
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How the Other Half Banks
- Exclusion, Exploitation, and the Threat to Democracy
- By: Mehrsa Baradaran
- Narrated by: Priya Ayyar
- Length: 9 hrs and 36 mins
- Unabridged
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The United States has two separate banking systems today - one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities - all thanks to deregulation that began in the 1970s.
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The Borrowers at the Fringe
- By Darwin8u on 09-13-16
By: Mehrsa Baradaran
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50 Economics Classics
- Your Shortcut to the Most Important Ideas on Capitalism, Finance, and the Global Economy
- By: Tom Butler-Bowdon
- Narrated by: John Chancer
- Length: 15 hrs and 22 mins
- Unabridged
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Economics drives the modern world and shapes our lives, but few of us feel we have time to engage with the breadth of ideas in the subject. 50 Economics Classics is the smart person's guide to two centuries of discussion of finance, capitalism, and the global economy. From Adam Smith's Wealth of Nations to Thomas Piketty's best-seller Capital in the Twenty-First Century, here are the great books and seminal ideas, clarified and illuminated for all.
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The Entrepreneurial State
- Debunking Public vs. Private Sector Myths
- By: Mariana Mazzucato
- Narrated by: Callie Beaulieu
- Length: 9 hrs and 33 mins
- Unabridged
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In this sharp and controversial international best seller, an award-winning economist debunks the pervasive myth that the government is sluggish and inept, and at odds with a dynamic private sector. She reveals in detailed case studies that the opposite is true: The state is, and has been, our boldest and most valuable innovator. Denying this history is leading us down the wrong path. A select few get credit for what is an intensely collective effort, and the US government has started disinvesting from innovation.
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Myth Breaker-a new model for innovation
- By Carl A. Gallozzi on 12-12-20
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A Capitalism for the People
- Recapturing the Lost Genius of American Prosperity
- By: Luigi Zingales
- Narrated by: Jonathan Davis
- Length: 11 hrs and 20 mins
- Unabridged
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Born in Italy, University of Chicago economist Luigi Zingales witnessed firsthand the consequences of high inflation and unemployment - paired with rampant nepotism and cronyism - on a country’s economy. This experience profoundly shaped his professional interests, and in 1988 he arrived in the United States, armed with a political passion and the belief that economists should not merely interpret the world, but should change it for the better.
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Enjoyable but a tad predictable.
- By Kevin on 12-24-12
By: Luigi Zingales
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Building the New American Economy
- Smart, Fair, and Sustainable
- By: Jeffrey D. Sachs, Bernie Sanders - foreward
- Narrated by: Rudy Sanda
- Length: 4 hrs and 13 mins
- Unabridged
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With a nation seemingly more divided than ever, many worry that Americans risk losing ground on solving the complex, interrelated problems the country faces - including rising inequality, the specter of climate change, astronomical health care costs, and economic stagnation. The renowned economist Jeffrey D. Sachs offers a practical approach to move America toward a new consensus: sustainable development.
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If only....
- By Baboo TH on 01-24-18
By: Jeffrey D. Sachs, and others
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Other People's Money
- The Real Business of Finance
- By: John Kay
- Narrated by: Walter Dixon
- Length: 11 hrs and 54 mins
- Unabridged
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The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the search for new investment opportunities and the stewardship of existing ones, and far too much to secondary-market dealing in existing assets. Regulation has contributed more to the problems than the solutions.
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Listened twice. Everyone must read this.
- By Tristan on 01-18-16
By: John Kay
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The Great Reversal
- How America Gave Up on Free Markets
- By: Thomas Philippon
- Narrated by: Walter Dixon
- Length: 10 hrs and 1 min
- Unabridged
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Why are cellphone plans so much more expensive in the United States than in Europe? It seems a simple question. But the search for an answer took Thomas Philippon on an unexpected journey through some of the most complex and hotly debated issues in modern economics. Ultimately, he reached a surprising conclusion: American markets, once a model for the world, are giving up on healthy competition.
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Eye-opening, but better as a book - a must-READ
- By Ash on 11-29-19
By: Thomas Philippon
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How Are You Going to Pay for That?
- Smart Answers to the Dumbest Question in Politics
- By: Ryan Cooper
- Narrated by: Ryan Cooper
- Length: 8 hrs and 22 mins
- Unabridged
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How Are You Going to Pay for That? is filled with engaging discussions and detailed strategies that policymakers and citizens alike can use to assail even the most entrenched lines of neoliberal logic and start to undo these long-held misconceptions. Equal parts economic theory, history, and political polemic, this is an essential roadmap for winning the key battles to come.
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Yay, Taxes!!!
- By Luvelway on 02-19-24
By: Ryan Cooper
What listeners say about A New Capitalism
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- EAS
- 03-30-24
A must read for investors and entrepreneurs!
‘A New Capitalism,' is an engrossing and enlightening discussion on the intricacies of modern entrepreneurship, particularly as it pertains the social impact space, the future of work, and immigrant and minority founders. Frank's meticulous approach to historical and cultural context and his proposed strategies for evaluating the potential profitability of ventures initiated by less privileged entrepreneurs, are commonsensical and inspiring.
Frank's exploration of the digital divide and its impact on new entrepreneurs, and his insightful discussion on the role of sustainable business practices in new capitalist models also stand out. His ability to link these topics to the broader narrative of access to mentors, resources, and networks adds a rich layer of depth to his argument. Frank's emphasis on mentorship and the creation of a supportive community for entrepreneurs underlines the book's core message: capitalism can be profitable as well as inclusive, equitable, and supportive.
This book is not just a read; it's a call to action for investors and banks to have a more empathetic and understanding approach to business. For immigrant, minority, and other entrepreneurs disadvantaged by structural and systemic biases built into the current investment frameworks, the book is a must read as it paints a realistic picture of current obstacles and provides a hopeful account of increasing opportunities and resources- specially for purpose-driven, social impact ventures.
I'm genuinely inspired by the insights and perspective gained from this book. Thank you, Frank, for this invaluable contribution to the conversation and congratulations on your recent promotion to the role of grandad! Your wisdom and insight are gifts to us all. ~Edison Sabala
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- MAR
- 11-26-23
Inspiring call to action
An accessible, informative, and interesting book by a pioneer in the social impact finance field imploring us all to think and act critically with our resources to improve outcomes for all
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- Sam
- 10-29-23
A five-star beacon of inspiration!
A New Capitalism" is a groundbreaking and thought-provoking masterpiece that delves into the Authors decades long journey driving the essential transformation of our economic systems to create much needed social impact.
Marrying visionary ideals with practical solutions, the author presents a compelling case for reshaping capitalism to serve the greater good. Through the authors deep experience leading and building CRF and his eloquent prose, this book charts a path towards a just economy that not only works for all but also rekindles hope for a fairer, more equitable world.
A must-read for anyone seeking innovative ideas and a blueprint for a brighter future.
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