Capitalism and the market are presented as synonymous, but they are not. Capitalism is both the enemy of the market and democracy.
Interpretation
The quote distinguishes between capitalism and market dynamics, arguing that capitalism undermines both market mechanisms and democratic values.
David Korten asserts that capitalism and the market are often wrongly considered the same; in reality, capitalism can conflict with the principles of the market and democracy. This perspective highlights the complexities of economic systems, suggesting that the profit-driven nature of capitalism can lead to negative consequences for both free markets and democratic governance.
In practice
In a discussion about economic reforms, one might use this quote to emphasize the need for a more careful consideration of how capitalism affects democratic processes.
When the institutions of money rule the world, it is perhaps inevitable that the interests of money will take precedence over the interests of people. What we are experiencing might best be described as a case of money colonizing life. To accept this absurd distortion of human institutions and purpose should be considered nothing less than an act of collective, suicidal insanity.
We can have democracy and a prosperous, just, and sustainable human future. Or we can have corporate rule. We cannot have both.
In a world of increasing inequality, the legitimacy of institutions that give precedence to the property rights of 'the Haves' over the human rights of 'the Have Nots' is inevitably called into serious question.
As corporations gain in autonomous institutional power and be-come more detached from people and place, the human interest and the corporate interest increasingly diverge. It is almost as though we were being invaded by alien beings intent on colonizing our planet, reducing us to serfs, and then excluding as many of us as possible.
Living capital, which has the special capacity to continuously regenerate itself, is ultimately the source of all real wealth. To destroy it for money, a simple number with no intrinsic value, is an act of collective insanity - which makes capitalism a mental, as well as physical pathology.
The proper goal of an economic democracy agenda is to replace the global suicide economy ruled by rapacious and unaccountable global corporations with a planetary system of local living economies comprised of human-scale enterprise rooted in the communities they serve and locally owned by the people whose wellbeing depends on them.
Naught can deform the human race Like to the armor's iron brace.
We know only that we are living in these bodies and have a vague idea, because we have heard it, and because our faith tells us so, that we possess souls. As to what good qualities there may be in our souls, or who dwells within them, or how precious they are, those are things which seldom consider and so we trouble little about carefully preserving the soul's beauty.
Youth is the future smiling at a stranger, which is itself.
I do not believe that all books will or should migrate onto screens: as Douglas Adams once pointed out to me, more than 20 years before the Kindle turned up, a physical book is like a shark. Sharks are old: there were sharks in the ocean before the dinosaurs. And the reason there are still sharks around is that sharks are better at being sharks than anything else is.
It was the upward-reaching and fathomlessly hungering, heart-breaking love for the beauty of the world at its most beautiful, and, beyond that, for that beauty east of the sun and west of the moon which is past the reach of all but our most desperate desiring and is finally the beauty of Beauty itself, of Being itself and what lies at the heart of Being.
The only place where poverty should be is in museums.
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