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

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

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

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

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

The professional study of economics has become ideological brainwashing. It is a defense of the excesses of the capitalist system.
David Korten

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

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

Wall Street sees a social fabric or social contract as inefficiencies, which need to be removed.
David Korten

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