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The first principle of the market economy is that it is comprised of many small buyers and sellers,
The first principle of the market economy is that it is comprised of many small buyers and sellers,
The first principle of the market economy is that it is comprised of many small buyers and sellers,
The first principle of the market economy is that it is comprised of many small buyers and sellers,
The first principle of the market economy is that it is comprised of many small buyers and sellers,
The first principle of the market economy is that it is comprised of many small buyers and sellers,
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David Korten:
It is interesting to note that the 200 richest people have more assets than the 2 billion poorest.David Korten:
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So, there is enormous instability in the global economy with a shift of winners and losers.David Korten:
If you look internationally over the last 50 years there have been improvements in the third world,David Korten:
Moreover, statistics can be deceiving: the growth of jobs in the US in the 90s was due to many partDavid Korten:
If you look at the US economy over the last 15-20 years wages have been stagnating or even declininDavid Korten:
My own experience in the third world was that even if people started to make more money, the cost oDavid Korten:
Money flows into the US, and inflates US assets, and allows the US to have a monstrous trade deficiDavid Korten:
But in the past, US companies have been able to increase their profits through downsizing in the USDavid Korten:
Money is not wealth. Money is a claim on wealth.