Wall Street sees a social fabric or social contract as inefficiencies, which need to be removed.
David KortenAn economic system can remain viable only so long as society has mechanisms to counter abuses of either state or market power and the erosion of the natural, social, and moral capital that such abuses commonly exacerbate.
David KortenAs 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 colonizยญing our planet, reducing us to serfs, and then excluding as many of us as possible.
David KortenThe 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 KortenSo, there is enormous instability in the global economy with a shift of winners and losers.
David KortenAn 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