David Korten: A Real-Market Alternative

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from YES! Magazine:




A Real-Market Alternative
David Korten: The economic choice we face is no longer between capitalism and communism, but rather between Wall Street and Main Street.

by David Korten


In America we are taught from birth that capitalism is synonymous with markets, democracy, and individual liberty. Whatever its flaws, the only alternative is communism, or so we are told.

This sets up a false and dangerously self-limiting choice between two economic models both of which create concentrations of power that stifle liberty and creativity for all but the few at the top.

Communism is dead. As we now look for solutions to our current economic crisis, the relevant distinction is not between capitalism and communism, but rather between Wall Street and Main Street.

The Wall Street economy is centrally planned and managed by big banks and corporations for which money is both means and end. The primary goal is monopoly control of markets, physical resources, and technology to maximize profits and bonuses. .........(more)

The complete piece is at: http://www.yesmagazine.org/blogs/david-korten/a-real-market-alternative

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