A Q&A with Post Carbon Fellow Michael Shuman appeared at this week’s Bookselling This Week.

From the article:

With today’s economy making it difficult for small business owners to secure capital from traditional sources, an increasing number are relying on small investments from local community members as well as new business models to grow and improve their businesses. In Local Dollars, Local Sense (Chelsea Green), Michael Shuman takes a comprehensive look at how community members can shift their investments from Wall Street to Main Street and effectively revive the country’s sinking economy.

BTW: In Local Dollars, Local Sense, you observe that “the movement for local purchasing is fast evolving into a movement for local investing.” Why do you think this is happening?

Michael Shuman: The many communities involved in revving up their economies through locally owned businesses — BALLE, for example, is the fastest growing business network in North America, with more than 80 official networks representing 22,000 small companies — have concluded that their single biggest challenge is to crack Wall Street’s monopoly on Americans’ long-term savings.

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