Рет қаралды 10,922
Former Harvard Business School Professor David Korten explains how the capitalist economic system is based on the illusion that money is real, when in truth it's not. Actual "capital" exists within each of us, the things we create together; in families, cultures, communities and our direct relationship to the land around us.
David Korten is author of "Change the Story, Change the Future: A Living Economy for a Living Earth" www.amazon.com/Change-Story-F...
This videoo is an excerpt from: "David Korten - Creating a Life-Centered Economics" • David Korten - Creatin...
Partial video transcript:
"The term capital is one of the major reasons we're unable to have an intelligent conversation about the economy. I know at business school you use the [same] terms: resources, assets, and capital [interchangeably].
None of those tell you whether the person whose using the term is talking about a real resource like land, a building, technology or human skills. Anything necessary to a productive life. Or whether they are simply talking about money, which properly understood is nothing but an accounting chit.
You think about it, there is nothing outside the human mind that can recognize [money]. It's totally intangible. And the fascinating thing is we organize our economy around the idea that money is the ultimate constraint. Isn't that odd?
Because as we all see, if you're paying attention, the federal reserve can create it with a key stroke, trillions of dollars. Or the market's inflated and it goes away, trillions of dollars just disappear overnight. Real capital doesn't disappear, instantly...
THAT is part of a process, of reducing the whole of society, into a condition of slavery. You know, there's different levels of slavery, some is more tolerable than others, but it is essentially different forms of involuntary servitude.
And the kind of situation we're in currently where people are desperate for any kind of job they can get in order to get money to be able to have access to the real assessts that corporations increasingly own...
We're told by the World Bank & IMF that the market system, capitalism, is eliminating global poverty. If you take that apart, the "development" process - the movement of "capitalism" (corporate control) into the economies of poor countries was a process of pushing people off the land, the means by which they created their livelihood, without money.
But many of them lived very well in terms of a healthy diet, strong families and communities, secure shelter. But they had no money. Well, some people claim they really weren't poor, until "development" pushed them off of the farms, into the factories, into the itinerant [industrial] agricultural workforce and left them dependent on money.
And then the World Bank comes in and says "look at this we're ending poverty. We got people now earning more than a dollar and half a day. So they're better off."
You begin to get into this framework and you see what's happening with the whole global [economic] system. So part of this regaining control is reducing our dependence on the market economy.
Youth going back to the land, growing their own food. Young couples going back and taking care of their young children, cooking their own meals. Things that we do as a family to reduce our dependence on money."
see also:
"David Korten: Capitalism's Threat to Democracy" • Is Capitalism a Threat...
David Korten - Creating a Life-Centered Economics • David Korten - Creatin...
"From the model of domination (and love of money) to the community of life (David Korten & Earth Charter)" • David Korten Interview...
Thom Hartmann: Conversations with Great Minds - David Korten, The Great Turning. • Hartmann: Conversation...
Taking Back Our Lives from the Wall Street Mafia • Taking Back Our Lives ...