Local Dollars, Local Sense review at Greenbiz
May 9, 2014
Post Carbon Fellow Michael Shuman’s book Local Dollars, Local Sense was reviewd at Greenbiz. The book is part of PCIs Resilience Guide series.
From the review:
Shuman’s new book, “Local Dollars, Local Sense,” lays out a powerful case for changing the investment laws to make it easier for everyday people to invest in the businesses they patronize in their own communities, including those in the clean energy sector.
Shuman argues that the laws restricting investment disadvantage both companies and small investors — not to mention the communities in which they reside. That’s because only “accredited investors” — those with assets of at least $1 million (excluding their legal residence) or earning at least $200,000 per year — are allowed to invest in companies that haven’t complied with the strict and full disclosure requirements mandated by the 1933 Securities Act.