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

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

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About David Korten

David Korten (born 1937) is an American author, former professor of the Harvard Business School, political activist and prominent critic of corporate globalization.

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Time is rapidly running out... Given what is at stake, we must assume we still have time and act with the speed and determination we might muster if Earth were under attack by alien invaders. In the words of Pogo, the comic strip character, “We have met the enemy and he is us.”

I call this system a “suicide” economy because it is systematically destroys the foundations of its own—and our—existence. Also known as capitalism, it is dedicated to what Pope Francis calls the idolatry or worship of money. The terminally destructive outcomes of the suicide economy are not acts of nature. They are the result of human choices. We can make different choices, but to do so we must understand where we went wrong and why.

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As power begets power and competition becomes more ruthless, the appetites of the wealthy become more extravagant and the excluded become more desperate. The growing gap erodes trust and institutional legitimacy, which in turn compels an ever greater diversion of resources to security measures — from car alarms and security guards to police and prisons.

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