Putting more money in the hands of those who already have jobs so they can buy more Chinese imports does very little to put Americans to work in good jobs that pay good wages.
David Korten, is the author of the international bestsellers When Corporations Rule the World; The Post-Corporate World: Life After Capitalism, Globalizing Civil Society, Getting to the 21st Century: Voluntary Action and the Global Agenda, The Great Turning, and, most recently, Agenda For A New Economy: From Phantom Wealth to Real Wealth.
He holds MBA and Ph.D. degrees from the Stanford Business School and has thirty years of experience as a development worker in Asia, Africa, and Latin America. He co-founded and is board chair of the Positive Futures Network, which publishes YES! A Journal of Positive Futures, and is founder and president of the Living Economies Forum, co-chair of the New Economy Working Group, and a member of the Club of Rome.
America has plenty of cash, but it's in the wrong pockets.