David Korten

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

— David Korten

#declining #economy #even #last #look

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. ↗

— David Korten

#crises #debt #happened #improvements #increased

In the US, most progressives start to see the differences between internationalism and economic globalization. ↗

— David Korten

#differences #economic #globalization #internationalism #most

It is interesting to note that the 200 richest people have more assets than the 2 billion poorest. ↗

— David Korten

#billion #interesting #more #note #people

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. ↗

— David Korten

#assets #consuming #deficit #flows #into

Money is not wealth. Money is a claim on wealth. ↗

— David Korten

#money #wealth

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. ↗

— David Korten

#among #become #change #concerned #consumers

More humane societies are usually smaller, like the Scandinavian countries and Holland, where it is much easier to reach consensus and cooperation. ↗

— David Korten

#cooperation #countries #easier #holland #humane

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. ↗

— David Korten

#deceiving #due #generally #growth #jobs

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

— David Korten

#claim #economy #market #market economy