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David Korten Quotes

There was a time in the United States when most of our financial institutions were local. Which essentially meant that local communities were able to create their own credit, or their own money, in response to their own needs. We still depended on banks, but it was a much more democratic process Picture Quote #1

Living capital, which has the special capacity to continuously regenerate itself, is ultimately the source of all real wealth. To destroy it for money, a simple number with no intrinsic value, is an act of collective insanity - which makes capitalism a mental, as well as physical pathology Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

Money is a mechanism for control Picture Quote #1

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Capitalism has defeated communism. It is now well on its way to defeating democracy Picture Quote #1

My claim is that we do not have a market economy, but a capitalist economy Picture Quote #1

Money is not wealth. Money is a claim on wealth Picture Quote #1

Global competition is about winners and losers Picture Quote #1

We can have democracy and a prosperous, just, and sustainable human future. Or we can have corporate rule. We cannot have both Picture Quote #1

As long as you have a system that is based on the rational that if you are making money you are thereby making a contribution to society, these financial rogue practices will continue Picture Quote #1

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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 Picture Quote #1

Europeans say they are proud of their social fabric, of strong rights for workers and the weak in society Picture Quote #1

Capitalism and the market are presented as synonymous, but they are not. Capitalism is both the enemy of the market and democracy Picture Quote #1

Capitalism is not about free competitive choices among people who are reasonably equal in their buying and selling of economic power, it is about concentrating capital, concentrating economic power in very few hands using that power to trash everyone who gets in their way Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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An economic system can remain viable only so long as society has mechanisms to counter abuses of either state or market power and the erosion of the natural, social, and moral capital that such abuses commonly exacerbate Picture Quote #1

An active propaganda machinery controlled bv the world’s largest corporations constantly reassures us that consumerism is the path to happiness, governmental restraint of market excess is the cause our distress, and economic globalization is both a historical inevitability and a boon to the human species Picture Quote #1

It is interesting to note that the 200 richest people have more assets than the 2 billion poorest Picture Quote #1

As an economy measures performance in terms of the creation of money, people become a major source of inefficiency Picture Quote #1

Our defining gift as humans is our power to choose, including our power to choose our collective future. It is a gift that comes with a corresponding moral responsibility to use that power in ways that work to the benefit of all people and the whole of life Picture Quote #1

To create a world in which life can flourish and prosper we must replace the values and institutions of capitalism with values and institutions that honor life, serve life’s needs, and restore money to its proper role as servant. I believe we are in fact being called to take a step to a new level of species consciousness and function Picture Quote #1

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Our global economy is out of control and performing contrary to basic principles of market economics Picture Quote #1

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 Picture Quote #1

When the institutions of money rule the world, it is perhaps inevitable that the interests of money will take precedence over the interests of people. What we are experiencing might best be described as a case of money colonizing life. To accept this absurd distortion of human institutions and purpose should be considered nothing less than an act of collective, suicidal insanity Picture Quote #1

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 Picture Quote #1

The professional study of economics has become ideological brainwashing. It is a defense of the excesses of the capitalist system Picture Quote #1

So, there is enormous instability in the global economy with a shift of winners and losers Picture Quote #1

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Text Quotes

There was a time in the United States when most of our financial institutions were local. Which essentially meant that local communities were able to create their own credit, or their own money, in response to their own needs. We still depended on banks, but it was a much more democratic process (David Korten Quotes) Living capital, which has the special capacity to continuously regenerate itself, is ultimately the source of all real wealth. To destroy it for money, a simple number with no intrinsic value, is an act of collective insanity - which makes capitalism a mental, as well as physical pathology (David Korten Quotes) 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 Quotes) 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 Quotes) 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 (David Korten Quotes) Money is a mechanism for control (David Korten Quotes) Capitalism has defeated communism. It is now well on its way to defeating democracy (David Korten Quotes) My claim is that we do not have a market economy, but a capitalist economy (David Korten Quotes) Money is not wealth. Money is a claim on wealth (David Korten Quotes) Global competition is about winners and losers (David Korten Quotes) We can have democracy and a prosperous, just, and sustainable human future. Or we can have corporate rule. We cannot have both (David Korten Quotes) As long as you have a system that is based on the rational that if you are making money you are thereby making a contribution to society, these financial rogue practices will continue (David Korten Quotes) 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 Quotes) Europeans say they are proud of their social fabric, of strong rights for workers and the weak in society (David Korten Quotes) Capitalism and the market are presented as synonymous, but they are not. Capitalism is both the enemy of the market and democracy (David Korten Quotes) Capitalism is not about free competitive choices among people who are reasonably equal in their buying and selling of economic power, it is about concentrating capital, concentrating economic power in very few hands using that power to trash everyone who gets in their way (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 (David Korten Quotes) 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 (David Korten Quotes) An economic system can remain viable only so long as society has mechanisms to counter abuses of either state or market power and the erosion of the natural, social, and moral capital that such abuses commonly exacerbate (David Korten Quotes) An active propaganda machinery controlled bv the world’s largest corporations constantly reassures us that consumerism is the path to happiness, governmental restraint of market excess is the cause our distress, and economic globalization is both a historical inevitability and a boon to the human species (David Korten Quotes) It is interesting to note that the 200 richest people have more assets than the 2 billion poorest (David Korten Quotes) As an economy measures performance in terms of the creation of money, people become a major source of inefficiency (David Korten Quotes) Our defining gift as humans is our power to choose, including our power to choose our collective future. It is a gift that comes with a corresponding moral responsibility to use that power in ways that work to the benefit of all people and the whole of life (David Korten Quotes) To create a world in which life can flourish and prosper we must replace the values and institutions of capitalism with values and institutions that honor life, serve life’s needs, and restore money to its proper role as servant. I believe we are in fact being called to take a step to a new level of species consciousness and function (David Korten Quotes) Our global economy is out of control and performing contrary to basic principles of market economics (David Korten Quotes) 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 Quotes) When the institutions of money rule the world, it is perhaps inevitable that the interests of money will take precedence over the interests of people. What we are experiencing might best be described as a case of money colonizing life. To accept this absurd distortion of human institutions and purpose should be considered nothing less than an act of collective, suicidal insanity (David Korten Quotes) 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 Quotes) The professional study of economics has become ideological brainwashing. It is a defense of the excesses of the capitalist system (David Korten Quotes) So, there is enormous instability in the global economy with a shift of winners and losers (David Korten Quotes)

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