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 KortenSo, there is enormous instability in the global economy with a shift of winners and losers.
David KortenCapitalism and the market are presented as synonymous, but they are not. Capitalism is both the enemy of the market and democracy.
David Korten