Friday, April 30, 2010

Fix the economy, not Wall Street

by David Korten from Yes! Magazine. 

Korten has been a popular critic of corporations in the US for quite some time. However his insights and solutions to corporate control of US society has been, in my opinion, very limited and short sighted. He appears to be a classic libertarian--an advocate of reforms to the advanced financial form of capitalism that exists today. The reforms take the form of turning back the clock on capitalist development to a 19th century economy when small capitalism is seen as beautiful. 

But this is like complaining about an adult person who has turned out to be a criminal, and wishing that he could return to his childhood when he was such a cute, well-behaved little guy. This kind of thinking has infected so much of "progressive" thinking in the US and threatens to derail any real solutions to the various crises of capitalism.