Episode 41: Lessons from Decades in the Movement to Move Money from Wall Street to Main Street with Michael Shuman

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: michaelhshuman.com Twitter: twitter.com/smallmart Facebook: facebook.com/MichaelHShuman LinkedIn: linkedin.com/in/mishuman 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! Voiceover Credit: Intro and outro are voiced by Marina Verlaine. She can be contacted at [email protected] Check out past episodes here!