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. David Korten brusselscitizendecision Change image and share on social
Wall Street sees a social fabric or social contract as inefficiencies, which need to be removed. David Korten contractfabricinefficiency Change image and share on social
Capitalism and the market are presented as synonymous, but they are not. Capitalism is both the enemy of the market and democracy. David Korten capitalismdemocracyenemy Change image and share on social
My claim is that we do not have a market economy, but a capitalist economy. David Korten capitalistclaimeconomy Change image and share on social
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 90sbenefitdeceive Change image and share on social
If you look at the US economy over the last 15-20 years wages have been stagnating or even declining. David Korten declineeconomystagnate Change image and share on social
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. David Korten buyercomprisecost share on social
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. David Korten awarenesscorporationglobal Change image and share on social
So, there is enormous instability in the global economy with a shift of winners and losers. David Korten economyenormousglobal Change image and share on social
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. David Korten costexperiencefast Change image and share on social
