Phrase by 'David Korten'
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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.
Author: David Korten - American ActivistMore , Money , Us , Trade
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.
Author: David Korten - American ActivistPrinciples , Control , Economy , Economics
My claim is that we do not have a market economy, but a capitalist economy.
Author: David Korten - American ActivistClaim , Economy , Market , Market Economy
It is interesting to note that the 200 richest people have more assets than the 2 billion poorest.
Author: David Korten - American ActivistMore , People , Than , Interesting
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.
Author: David Korten - American ActivistUs , Low , Growth , Statistics
If you look at the US economy over the last 15-20 years wages have been stagnating or even declining.
Author: David Korten - American ActivistYou , Look , Us , Last
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.
Author: David Korten - American ActivistPeople , World , Money , Experience
But in the past, US companies have been able to increase their profits through downsizing in the US, through colonizing other people's resources, and through the increase of globalization.
Author: David Korten - American ActivistPeople , Past , Us , Globalization
Money is not wealth. Money is a claim on wealth.
Author: David Korten - American ActivistMoney , Claim , Wealth
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.
Author: David Korten - American ActivistView , Living , Test , Economy
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