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David Korten [0-0] American

Rank: 102
Activist, Author

David C. Korten is an American author, former professor of the Harvard Business School, political activist, prominent critic of corporate globalization, and "by training and inclination a student of psychology and behavioral systems".

Imagination, Money

Quote	Tags	Rank
Global competition is about winners and losers.		101
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.		102
Money is a mechanism for control.	Money	103
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.		104
In the US, most progressives start to see the differences between internationalism and economic globalization.		105
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.		106
More humane societies are usually smaller, like the Scandinavian countries and Holland, where it is much easier to reach consensus and cooperation.		107
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.		108
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.		109
Capitalism and the market are presented as synonymous, but they are not. Capitalism is both the enemy of the market and democracy.		110
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.	Imagination	111
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.		112
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.		113
My claim is that we do not have a market economy, but a capitalist economy.		114
It is interesting to note that the 200 richest people have more assets than the 2 billion poorest.		115
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.		116
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.		117
Money is not wealth. Money is a claim on wealth.		118
Wall Street sees a social fabric or social contract as inefficiencies, which need to be removed.		119
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.		120
So, there is enormous instability in the global economy with a shift of winners and losers.		121
If you look at the US economy over the last 15-20 years wages have been stagnating or even declining.		122
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.		123
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.		124
The professional study of economics has become ideological brainwashing. It is a defense of the excesses of the capitalist system.		125
Europeans say they are proud of their social fabric, of strong rights for workers and the weak in society.		126
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.		201
We should be moving toward local currencies not global or European currencies.		202
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.		203
If I would need to make a prediction I still believe Kaplan's scenario is very plausible.		204
There is no visible sign that the current politicians in the US are willing to see the need for change.		205
There are actually very few US politicians who have integrity and vision.		206

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