Our global economy is out of control and performing contrary to basic principles of market economics. David Korten More Quotes by David Korten More Quotes From David Korten 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 united-statescommunityneeds If there is to be a human future, we must bring ourselves into balanced relationship with one another and the Earth. David Korten balanced-relationshipearthlife 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 moneyinspiringlife 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 suicidalmoneyacceptance Corporate globalists and the corporate empires they serve may be at the cutting edge of technological innovation, but socially and environmentally they are relics of a bygone era of imperial colonial rule, elite privilege, and state-sanctioned plunder. David Korten environmentalinnovationcutting As corporations gain in autonomous institutional power and be-come more detached from people and place, the human interest and the corporate interest increasingly diverge. It is almost as though we were being invaded by alien beings intent on colonizing our planet, reducing us to serfs, and then excluding as many of us as possible. David Korten corporationsgainspeople The current system is organized around financial values over life values. We need to shift that locus of power down to the community level because the financial markets recognize only money and thereby only financial values. David Korten levelscommunityneeds I am in favor of increased communication and cooperation between countries, but it is more important that each country becomes responsible for its own actions, its own communities, its own economies, before starting to integrate in large regional or global supranational organizations. David Korten communicationresponsibilitycountry Money is a mechanism for control. David Korten mechanismsaving-moneymoney 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 responsibilityusepeople If you're living in the community and you own your local businesses and you're engaged in the local economy you should have a definite interest in the strength and health of your community, the caring relationships that bind people together. David Korten caringshould-havepeople 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 growthcauseshistorical Entranced by promises of a material paradise of limitless luxury, humanity has too long ignored the mismatch between the imperatives of our existence as living beings on a finite planet and the imperatives of the institutions of money that chart our path to the future. Created to build colonial empires in service to kings, global corporations are ill suited to the task of building just, sustainable, and compassionate civil societies that nurture sufficiency, partnership, and respect for the whole of life. David Korten luxurykingslong 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 roguespracticelong Wall Street sees a social fabric or social contract as inefficiencies, which need to be removed. David Korten fabricwallneeds 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 Money is not wealth. Money is a claim on wealth. David Korten wealthclaims In a world of increasing inequality, the legitimacy of institutions that give precedence to the property rights of 'the Haves' over the human rights of 'the Have Nots' is inevitably called into serious question. David Korten rightsgivingworld 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 debtlooksyears 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 realsimpleinspiring
