David Korten
Quotes by David Korten
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Wall Street sees a social fabric or social contract as inefficiencies, which need to be removed.
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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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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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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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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.
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Capitalism and the market are presented as synonymous, but they are not. Capitalism is both the enemy of the market and democracy.
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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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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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