Economics of the Cloud-Minders

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Written by David Korten

In the economic vision of the U.S. Cloud Minders, the proper  U.S. role in the global economy is to specialize in consuming the products and technologies produced by sweatshop labor in other countries and paid for with borrowed money, thereby keeping U.S. profits and unemployment high and wages low, while passing the bill to future generations.  To paraphrase the late economist Kenneth Boulding, anyone who thinks this is a winning long-term economic strategy is either a lunatic or a neoliberal economist.

David Korten, The Great Turning, p.70.

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