David Korten Quotes


33 David Korten quotes:



"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."
"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."
"So, there is enormous instability in the global economy with a shift of winners and losers."
"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."
"The fact is that these bankers and traders are taking claims of wealth out of the system; they are not doing any productive work."
"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."
"The professional study of economics has become ideological brainwashing. It is a defense of the excesses of the capitalist system."
"There are actually very few US politicians who have integrity and vision."
"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."
"There is no visible sign that the current politicians in the US are willing to see the need for change."
"Wall Street sees a social fabric or social contract as inefficiencies, which need to be removed."
"We should be moving toward local currencies not global or European currencies."
"What I would tell the Europeans, but also the Asians and the Latin Americans, is: keep the excesses of Wall Street out of your system."



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