Select Page

[Economic]
Capitalism vs. Socialism Is a False Choice
by David Korten
Posted March 13, 2019

we the peopleThe critical economic and political question for humanity is not whether our means of living will be controlled by corporations or government, but whether control will be concentrated for the benefit of the few or dispersed, with benefits shared by everyone.

The power of plutocracy depends on keeping the people divided against each other along gender, racial, religious, or other fault lines. The goal is to divert our attention from themselves so that they can maintain their power and continue to amass wealth.

Champions of plutocracy would also have us believe that we must choose between two options: capitalism (private ownership and management) or socialism (government ownership and management). They prefer we not notice that in their most familiar forms, both capitalism and socialism feature an undemocratic concentration of control over the means of living in the hands of the few. Democracy is essential for either to work effectively for the benefit of all. More…