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Korton's latest book and H S Dent's "The Great Depression Ahead" should both be **mandatory** reading for all economists, commentators and politicians. We cannot solve problems of this magnitude if we continue to mis-define it, look at symptoms rather than causes (e.g., credit industry rather than US flat wages since 1985), and look at simplistic models rather than the complex systems which drive world and national economic (and associated) systems. Korton was, so to speak, "on the money" about the risks of unbridled/unregulated corporations, greedy CEOs, greedy shareholders and governments without the nerve to regulate what are clearly irresponsible behaviours.
Korten and Dent both point to fundamentals that need to be considered and put into proper perspective, both historical and systems.
Korten gave us a good "heads up notice" with his "When Corportations Rule the World" pity most didn't pay attention! Maybe this time more will listen. Read both books...NOW! Tell your friends, tell your politicians, tell your news sources, write about it in your blogs and Facebook, MySpace and Twitter. One of the key differences today from the 1930s is the modern internet and the ability of Korton's "Main Street" to speak up and out! Be part of the solution.
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Agenda for a New Economy: From Phantom Wealth to Real Wealth by David C. Korten
rkd993, February 4, 2009
Korton's latest book and H S Dent's "The Great Depression Ahead" should both be **mandatory** reading for all economists, commentators and politicians. We cannot solve problems of this magnitude if we continue to mis-define it, look at symptoms rather than causes (e.g., credit industry rather than US flat wages since 1985), and look at simplistic models rather than the complex systems which drive world and national economic (and associated) systems. Korton was, so to speak, "on the money" about the risks of unbridled/unregulated corporations, greedy CEOs, greedy shareholders and governments without the nerve to regulate what are clearly irresponsible behaviours.Korten and Dent both point to fundamentals that need to be considered and put into proper perspective, both historical and systems.
Korten gave us a good "heads up notice" with his "When Corportations Rule the World" pity most didn't pay attention! Maybe this time more will listen. Read both books...NOW! Tell your friends, tell your politicians, tell your news sources, write about it in your blogs and Facebook, MySpace and Twitter. One of the key differences today from the 1930s is the modern internet and the ability of Korton's "Main Street" to speak up and out! Be part of the solution.
(13 of 16 readers found this comment helpful)