Agenda For a New Economy by David C. Korten

Author:David C. Korten
Language: eng
Format: epub
Publisher: Berrett-Koehler Publishers
Published: 2010-01-15T16:00:00+00:00

Collective Choices

The existing economic system did not arise as the result of some immutable natural force. It was created by a small clique of corporate power brokers and free market fundamentalists who reshaped the rules of the national and international economy so that they could reap a greater share of the rewards of economic activity while passing more of the costs to others. From their perspective, it has been a splendid success.

For the rest of us, the current system provides a powerful demonstration of why, in our role as citizens, we need to become more savvy about issues of institutional design. It should now be clear why an unregulated, borderless global economy controlled by gigantic transnational corporations that recognize no allegiance to people or place and that mimic the behavior of a cancer is harmful to our health.

Wall Street, of course, claims that any departure from business as usual will impose unbearable sacrifice. We are not supposed to notice the extensive opportunities at hand to improve the quality of our lives by rolling back wasteful and destructive forms of consumption. The following are a few of the more obvious examples of such opportunities.

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