Quotes By David Korten
More and more surveys in the US are indicating a change in values taking place among consumers, who become more concerned about quality of life, food, health and the environment.
David Korten
If you look at the US economy over the last 15-20 years wages have been stagnating or even declining.
David Korten
Not exclusively, but the bulk of our local economy should be covered by local currencies, which is more efficient than having global currencies which lose connection with reality in the markets, shops and communities of the people.
David Korten
As long as you have a system that is based on the rational that if you are making money you are thereby making a contribution to society, these financial rogue practices will continue.
David Korten
So, there is enormous instability in the global economy with a shift of winners and losers.
David Korten
But we can also take the radical view that the test of an economy has to do with the extent to which it is providing everybody with a decent means of living.
David Korten
The first principle of the market economy is that it is comprised of many small buyers and sellers, which implies a substantial degree of equity. Another fundamental market principle is that costs are internalized in the producer's price.
David Korten
It is interesting to note that the 200 richest people have more assets than the 2 billion poorest.
David Korten
It will take some time before a politician will capture the imagination of the American people and have the vision and understanding to do what is necessary for a better future for the people of America and the world.
David Korten
Wall Street sees a social fabric or social contract as inefficiencies, which need to be removed.
David Korten
Money flows into the US, and inflates US assets, and allows the US to have a monstrous trade deficit. That means we are consuming more than we are producing.
David Korten
The EU will face problems similar to the US: an increasing gap between the citizens and decision makers in Brussels and a perceived or even real lack of democracy.
David Korten
There is a huge shift taking place in the global awareness in the last 5 years with strong views about globalization and the power structures of major corporations.
David Korten
Capitalism and the market are presented as synonymous, but they are not. Capitalism is both the enemy of the market and democracy.
David Korten
The professional study of economics has become ideological brainwashing. It is a defense of the excesses of the capitalist system.
David Korten
If I would need to make a prediction I still believe Kaplan's scenario is very plausible.
David Korten
Capitalism is not about free competitive choices among people who are reasonably equal in their buying and selling of economic power, it is about concentrating capital, concentrating economic power in very few hands using that power to trash everyone who gets in their way.
David Korten
In the US, most progressives start to see the differences between internationalism and economic globalization.
David Korten
And each of these perspectives comes to the same conclusion, which is that our global economy is out of control and performing contrary to basic principles of market economics.
David Korten
My own experience in the third world was that even if people started to make more money, the cost of living and housing increased often faster than the wages.
David Korten
If you look internationally over the last 50 years there have been improvements in the third world, but in the last 20 years the reverse has happened, with debt crises and increased poverty.
David Korten
In a world of increasing inequality, the legitimacy of institutions that give precedence to the property rights of "the Haves" over the human rights of "the Have Nots" is inevitably called into serious question.
David Korten