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.

He returned to the US in 1992 and has assisted in raising public consciousness of the political and institutional consequences of economic globalization and the expansion of corporate power at the expense of democracy equity and environmental protection. He also argues that corporations are modern versions of empire both being social organizations based on hierarchies chauvinism and domination through violence. David C.

David C. Korten (born 1937) is an American economist author and former Professor of the Harvard Business School political activist prominent critic of corporate globalization and "by training and inclination a student of psychology and behavioral systems".