Fortunately, the emergence of a new consciousness and the new organizing structures required to actualize our potential for responsible planetary cit… - David Korten

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.

There are more idealized definitions of capitalism, but I refer to the real capitalism—the kind we are living with. This capitalism is grounded in an elitist ideology of individualism supported by an institutional system devoted to the concentration and abuse of wealth for the exclusive benefit of a private ruling oligarchy. It is the capitalism that claims to champion democracy and markets even as it destroys them. The capitalism that claims to bring universal prosperity even while denying it to all but its most favored servants. The capitalism that destroys life to make money and organizes as a suicide economy that destroys the foundations of its own existence—and ours.

For those of us who grew up believing that capitalism is the foundation of democracy and market freedom, it has been a rude awakening to realize that under capitalism, democracy is for sale to the highest bidder and the market is centrally planned by global megacorporations larger than most states.