6 David Korten Economy Quotes

David Korten
” 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. “


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


” 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. “


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


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


” 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. “



All 6 David Korten Quotes about Economy in picture


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.
My claim is that we do not have a market economy, but a capitalist economy.
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
So, there is enormous instability in the global economy with a shift of winners and losers.
If you look at the US economy over the last 15-20 years wages have been stagnating or even declining.
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.

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