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. David Korten More Quotes by David Korten More Quotes From David Korten Our global economy is out of control and performing contrary to basic principles of market economics. David Korten economicseconomyprinciples It will take some time before a politician will capture the imagination of the American people and have the vision and understanding to do what is necessary for a better future for the people of America and the world. David Korten imaginationamericapeople So, there is enormous instability in the global economy with a shift of winners and losers. David Korten winnereconomyloser Europeans say they are proud of their social fabric, of strong rights for workers and the weak in society. David Korten proudstrongrights If you look at the US economy over the last 15-20 years wages have been stagnating or even declining. David Korten wageslooksyears 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 degreescostprinciples 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 controleconomicseconomyprinciples My claim is that we do not have a market economy, but a capitalist economy. David Korten claimmarketmarket-economyeconomy 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 experiencemoneypeopleworld 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 usmoretrademoney 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 faceproblemsdemocracydecision
