Money flows into the US, and inflates US assets, and allows the US to have a monstrous trade deficit. That means we are consuming more than we are producing.

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• David Korten:

  But in the past, US companies have been able to increase their profits through downsizing in the US

• David Korten:

  Money is not wealth. Money is a claim on wealth.

• David Korten:

  But we can also take the radical view that the test of an economy has to do with the extent to whic

• David Korten:

  The professional study of economics has become ideological brainwashing. It is a defense of the exc

• David Korten:

  Europeans say they are proud of their social fabric, of strong rights for workers and the weak in s

• David Korten:

  Wall Street sees a social fabric or social contract as inefficiencies, which need to be removed.

• David Korten:

  In the US, most progressives start to see the differences between internationalism and economic glo

• David Korten:

  The EU will face problems similar to the US: an increasing gap between the citizens and decision ma

• David Korten:

  Money is a mechanism for control.

• David Korten:

  We should be moving toward local currencies not global or European currencies.