The professional study of economics has become ideological brainwashing. It is a defense of the excesses of the capitalist system.
David KortenWhen 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 KortenThere 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 KortenAs an economy measures performance in terms of the creation of money, people become a major source of inefficiency.
David Korten