David Korten: Capital

David Korten is writer, sustainability advocate. Explore interesting quotes on capital.

David Korten: 14 quotes0 likes

“In its literal meaning, capitalism means rule by capital, more specifically rule by the owners of capital for their exclusive private benefit.”

David Korten book When Corporations Rule the World

Source: When Corporations Rule the World (1995,2015), p. 20

“For those of us who grew up believing that capitalism is the foundation of democracy and market freedom, it has been a rude awakening to realize that under capitalism, democracy is for sale to the highest bidder and the market is centrally planned by global megacorporations larger than most states.”

The Post-Corporate World: Life After Capitalism (2012)

“In the 1980s capitalism triumphed over communism. In the 1990s it triumphed over democracy and the market economy.”

The Post-Corporate World: Life After Capitalism (2012)

“There are more idealized definitions of capitalism, but I refer to the real capitalism—the kind we are living with. This capitalism is grounded in an elitist ideology of individualism supported by an institutional system devoted to the concentration and abuse of wealth for the exclusive benefit of a private ruling oligarchy. It is the capitalism that claims to champion democracy and markets even as it destroys them. The capitalism that claims to bring universal prosperity even wile denying it to all but its most favored servants. The capitalism that destroys life to make money and organizes as a suicide economy that destroys the foundations of its own existence—and ours.”

David Korten book When Corporations Rule the World

Source: When Corporations Rule the World (1995,2015), pp. 20-21