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David Korten
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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
#Future
#Imagination
#Time
#Vision
#World
If you look at the US economy over the last 15-20 years wages have been stagnating or even declining.
- David Korten
#Economy
#Last
#Look
#Us
#Wages
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
#Debt
#Last
#Look
#Poverty
#World
So, there is enormous instability in the global economy with a shift of winners and losers.
- David Korten
#Economy
#Global
#Losers
#Shift
#Winners
It is interesting to note that the 200 richest people have more assets than the 2 billion poorest.
- David Korten
#Assets
#Interesting
#More
#Note
#People
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
#Capitalism
#Free
#Hands
#Power
#Way
Capitalism and the market are presented as synonymous, but they are not. Capitalism is both the enemy of the market and democracy.
- David Korten
#Capitalism
#Democracy
#Enemy
#Market
My claim is that we do not have a market economy, but a capitalist economy.
- David Korten
#Claim
#Economy
#Market Economy
#Market
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
#Control
#Economics
#Market
#Principles
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
#Inequality
#Over
#Rights
#Serious
#World
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
#Assets
#Means
#Money
#More
#Us
Global competition is about winners and losers.
- David Korten
#About
#Competition
#Global
#Winners
Money is not wealth. Money is a claim on wealth.
- David Korten
#Claim
#Money
#Wealth
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.
- David Korten
#Growth
#Low
#Pay
#Statistics
#Us
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
#Degree
#Equity
#First
#Price
#Principle
Money is a mechanism for control.
- David Korten
#Control
#Mechanism
#Money
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