David Korten Quotes

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.

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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.

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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.

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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.

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The fact is that these bankers and traders are taking claims of wealth out of the system they are not doing any productive work.

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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.

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Global competition is about winners and losers.

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We should be moving toward local currencies not global or European currencies.

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Moreover, statistics can be deceiving the growth of jobs in the US in the 90s was due to many part-time jobs, with no benefits and generally low pay.

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Money is not wealth. Money is a claim on wealth.

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In order to find solutions to the increased poverty around the world, it is absolutely essential to keep the bigger picture in mind.

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More humane societies are usually smaller, like the Scandinavian countries and Holland, where it is much easier to reach consensus and cooperation.

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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.

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There is no visible sign that the current politicians in the US are willing to see the need for change.

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If I would need to make a prediction I still believe Kaplan's scenario is very plausible.

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It is interesting to note that the 200 richest people have more assets than the 2 billion poorest.

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But in the past, US companies have been able to increase their profits through downsizing in the US, through colonizing other people's resources, and through the increase of globalization.

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There are actually very few US politicians who have integrity and vision.

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Europeans say they are proud of their social fabric, of strong rights for workers and the weak in society.

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What I would tell the Europeans, but also the Asians and the Latin Americans, is keep the excesses of Wall Street out of your system.

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My claim is that we do not have a market economy, but a capitalist economy.

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In the US, most progressives start to see the differences between internationalism and economic globalization.

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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.

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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.

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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.

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