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David Korten Quotes

American - Activist | -

So, there is enormous instability in the global economy with a shift of winners and losers.

Winners Economy Shift Global Losers

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

Start Globalization Differences See

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.

World Inequality Serious Question

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.

Power People Free Capitalism Choices

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.

Control Economics Principles Economy

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

Economy Claim Market Market Economy

Capitalism and the market are presented as synonymous, but they are not. Capitalism is both the enemy of the market and democracy.

Democracy Capitalism Enemy Market

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.

Small Price First Equity Economy

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

People Interesting More Note Assets

Global competition is about winners and losers.

Competition Winners Global Losers

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.

World Poverty You Look Debt Over

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.

Growth Statistics Pay Low Us Many

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