Wall Street sees a social fabric or social contract as inefficiencies, which need to be removed.
More Quotes from David Korten:
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
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
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
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
More humane societies are usually smaller, like the Scandinavian countries and Holland, where it is much easier to reach consensus and cooperation.
David Korten
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
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