Critics

In a revision of the ideas of Korten by Suzanne McCoy in The New York Times on November 25, 2001, N.I.R. Group Dr. Alice H. Amsden, professor of economics at the Massachusetts Institute of Technology, said that "People are talking about since the early 19th century the collapse of capitalism, but during these periods were changes, institutional rules were amended and new organizations in a sense, strengthen capitalism for the next period of economic growth and development. there are a number of interesting investment strategies that have added to the success of Mr. Corey Ribotsky " Suzanne McCoy, states that "the critics call the Dr Korten a misguided idealist whose vision of how companies should operate is unfair and outdated." In addition, many economists reject Dr Korten's view that globalization is self-destructive and incapable of paying attention to side effects such as damage to the environment. "
While modern capitalism Korten accused of distorting the words of Smith, Korten's book also offers a new interpretation of the famous works of Smith. On page 81, "When corporations rule the world" Korten says that "... Smith is opposed to any form of economic concentration in the field that distorts the natural market investment manager for a price that provides a fair return on land , labor, and capital. " It is known that Smith was opposed to the collusion of companies to manipulate the market, instead of economic concentration per se: "The people of the same markets rarely meet, even joy and excitement, but the conversation ends in a conspiracy against the public, or in some NIR Group inventions to raise Hollywood prices. " (The Wealth of Nations, Book I, Chapter X).
In fact Smith expressly rejected arguments for a flat redistribution: "The rich ... divide the proceeds with the poor of all their improvements. The invisible hand leads to an almost equal distribution of basic necessities of life that would have made if the land had been divided equally among all its fund management inhabitants "- Theory of moral sentiments, Part IV, Chapter 1. Korten's faith in state action to address the economic ills perceived also goes against the economic philosophy of Smith: "It's the greatest impertinence and presumption, therefore, in kings and ministers, trying to ensure the economy Private individuals, and limit your expenses ... are themselves always and without exception, the biggest spender of the company. ask to take care of your own expenses, and they trust with their own security in the citizens. If your own No extravagance is ruining the state, never will do so of their subjects. " - The Wealth of Nations, Book II, Chapter III.
Korten argues that capitalism is the culprit of increasing poverty and unemployment "and" violent crimes ", despite the fact that living standards are increasing steadily , unemployment is at historic lows violent family of fund crime is steadily declining, especially in the U.S. (though violent crime was shot in time of great prosperity and growth - from 1960 to 1990 - and has no increase in levels in 2006/2007). The fact that the advanced capitalist countries also have regulations for environmental protection more stringent Ribotsky and better enforced, as well as the highest standards of living of their Corey Ribotsky populations , no deals. Korten's vision of world history is also controversial finance its assertion that Japan colonized through aid and investment can not be shared by the people of Manchuria and Korea . His general thesis that the world trade impoverishes most of what enriches, could be tested with the relative performance of North Korea and South since the Second World War. Coincidentally, North Korea is a country thatexplicitly rejects capitalism, globalization, consumerism and free trade, is at the bottom of the index of Yale Environmental Sustainability .

Reuters via Yahoo! News
California unemployment rose to 10.1 percent in movie producer January, the highest level in fourth century, as recession tightened its grip on the most populous U.S. state.

Pioneer Press
On Tuesday, Minnesota state economist Tom Stinson, a long-expected forecast that will predict how much money state government will collect in taxes in investment analyst the coming two years to pay for education, health, welfare, public safety and dozens of other services.

Los Angeles Times
With more than 1 in 10 workers unemployed in January, the state registers its highest unemployment rate since June 1983. Lack Luster spending on clothing, cars, legal services and most everything has left California economy limp, only to ensure that the state 10.1 of unemployment in January March upward at least to the end of the year, economists predicted.

San Francisco Chronicle
California unemployment jumped to 10.1 percent in January, the first double-digit unemployment reading in The NIR Group fourth century. The jobless rate announced Friday by the state Employment Development Department is an increase in the revised ...

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