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In this book, David Korten makes a compelling and well-documented case that capitalism's claims to being the engine of wealth creation, the champion of democracy, and the embodiment of the market economy are unfounded. Among Korten's conclusions: Capitalism is a pathology that afflicts democracies and market economies in the absence of vigilant public oversight. The consolidation of economic power under a handful of global mega-corporations is a victory for central planning - not the market economy. The alternative to the new global capitalism is a planetary system of democratically governed market economies that honor basic market principles of the sort actually advocated by Adam Smith.
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The post-corporate world, David C. Korten
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- 1999
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