But in the past, US companies have been able to increase their profits through downsizing in the US, through colonizing other people's resources, and through the increase of globalization.

There are actually very few US politicians who have integrity and vision.

In the US, most progressives start to see the differences between internationalism and economic globalization.

Money is a mechanism for control.

If you look internationally over the last 50 years there have been improvements in the third world, but in the last 20 years the reverse has happened, with debt crises and increased poverty.

It is interesting to note that the 200 richest people have more assets than the 2 billion poorest.

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.

More humane societies are usually smaller, like the Scandinavian countries and Holland, where it is much easier to reach consensus and cooperation.

Moreover, statistics can be deceiving: the growth of jobs in the US in the 90s was due to many part-time jobs, with no benefits and generally low pay.

The professional study of economics has become ideological brainwashing. It is a defense of the excesses of the capitalist system.

More and more surveys in the US are indicating a change in values taking place among consumers, who become more concerned about quality of life, food, health and the environment.

My own experience in the third world was that even if people started to make more money, the cost of living and housing increased often faster than the wages.

Global competition is about winners and losers.

It will take some time before a politician will capture the imagination of the American people and have the vision and understanding to do what is necessary for a better future for the people of America and the world.

If you look at the US economy over the last 15-20 years wages have been stagnating or even declining.

Not exclusively, but the bulk of our local economy should be covered by local currencies, which is more efficient than having global currencies which lose connection with reality in the markets, shops and communities of the people.

Wall Street sees a social fabric or social contract as inefficiencies, which need to be removed.

Money flows into the US, and inflates US assets, and allows the US to have a monstrous trade deficit. That means we are consuming more than we are producing.

There is a huge shift taking place in the global awareness in the last 5 years with strong views about globalization and the power structures of major corporations.

Europeans say they are proud of their social fabric, of strong rights for workers and the weak in society.

As long as you have a system that is based on the rational that if you are making money you are thereby making a contribution to society, these financial rogue practices will continue.

My claim is that we do not have a market economy, but a capitalist economy.

We should be moving toward local currencies not global or European currencies.

Capitalism is not about free competitive choices among people who are reasonably equal in their buying and selling of economic power, it is about concentrating capital, concentrating economic power in very few hands using that power to trash everyone who gets in their way.

The first principle of the market economy is that it is comprised of many small buyers and sellers, which implies a substantial degree of equity. Another fundamental market principle is that costs are internalized in the producer's price.

And each of these perspectives comes to the same conclusion, which is that our global economy is out of control and performing contrary to basic principles of market economics.

But in the past, US companies have been able to increase their profits through downsizing in the US, through colonizing other people's resources, and through the increase of globalization.

There is no visible sign that the current politicians in the US are willing to see the need for change.

But we can also take the radical view that the test of an economy has to do with the extent to which it is providing everybody with a decent means of living.

So, there is enormous instability in the global economy with a shift of winners and losers.

Money is not wealth. Money is a claim on wealth.

If I would need to make a prediction I still believe Kaplan's scenario is very plausible.

Capitalism and the market are presented as synonymous, but they are not. Capitalism is both the enemy of the market and democracy.

The EU will face problems similar to the US: an increasing gap between the citizens and decision makers in Brussels and a perceived or even real lack of democracy.

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.

Capitalism has defeated communism. It is now well on its way to defeating democracy.

Our global economy is out of control and performing contrary to basic principles of market economics.

In the US, most progressives start to see the differences between internationalism and economic globalization.

Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.

This is a basic requirement the meaning of globalization is that we should admit that the economy of each country is dependent on the economy of all the others.

Well, we see an increasingly weaker labor movement as a result of the overall assault on the labor movement and as a result of the globalization of capital.

We also have a cultural phenomenon: the emergence of a global culture, or of cultural globalization.

In too many instances, the march to globalization has also meant the marginalization of women and girls. And that must change.

Lest those islands still seem to you too remote in space and time to be relevant to our modern societies, just think about the risks... of our increasing globalization and increasing worldwide economic interdependence.

Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation.

Today in the era of globalization there is no such issue as borders between states of the same nation.

The war on terrorism has made national security a legitimate concern, and a rising deficit, changes brought on by globalization and even the price of oil have thrown the nation's economic health into question.

Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas.

If the constitutional treaty is rejected it will be back to square one, just at a time when we want Europe to be a more effective force for good in the world, when we need to buttress ourselves against the pressures and insecurities of globalization.