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 buyercomprisecost share on social
Global competition is about winners and losers. David Korten competitiongloballoser Change image and share on social
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 callgivehaves share on social
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 buycapitalcapitalism share on social
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 bulkcommunityconnection share on social
If I would need to make a prediction I still believe Kaplan's scenario is very plausible. David Korten kaplanmakeplausible Change image and share on social
If you look at the US economy over the last 15-20 years wages have been stagnating or even declining. David Korten declineeconomystagnate Change image and share on social
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 basicconclusioncontrary Change image and share on social
In the US, most progressives start to see the differences between internationalism and economic globalization. David Korten differenceeconomicglobalization Change image and share on social
Europeans say they are proud of their social fabric, of strong rights for workers and the weak in society. David Korten europeanfabricproud Change image and share on social