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My own experience in the third world was that even if people started to make more money, the cost of living and housing increased often faster than the wages.
David Korten
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My claim is that we do not have a market economy, but a capitalist economy.
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Moreover, statistics can be deceiving: the growth of jobs in the US in the 90s was due to many part-time jobs, with no benefits and generally low pay.
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More humane societies are usually smaller, like the Scandinavian countries and Holland, where it is much easier to reach consensus and cooperation.
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More and more surveys in the US are indicating a change in values taking place among consumers, who become more concerned about quality of life, food, health and the environment.
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Money is not wealth. Money is a claim on wealth.
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Money is a mechanism for control.
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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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It will take some time before a politician will capture the imagination of the American people and have the vision and understanding to do what is necessary for a better future for the people of America and the world.
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It is interesting to note that the 200 richest people have more assets than the 2 billion poorest.
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In the US, most progressives start to see the differences between internationalism and economic globalization.
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In a world of increasing inequality, the legitimacy of institutions that give precedence to the property rights of he Haves over the human rights of he Have Nots is inevitably called into serious question.
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If you look internationally over the last 50 years there have been improvements in the third world, but in the last 20 years the reverse has happened, with debt crises and increased poverty.
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