Top 32 Quotes by 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.

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

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

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

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.

If you look at the US economy over the last 15-20 years wages have been stagnating or even declining.

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.

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

Global competition is about winners and losers.

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.