The school is represented by thinkers like David Korten who believe in "regulated markets" checked by government and civil society; for Kovel, they do not provide a critique of the expansive nature of capitalism away from localized production and ignore "questions of class, gender, race or any other category of domination". Kovel also criticized their "fairy-tale" view of history, which refers to the abuse of "natural capital" by the materialism of the Scientific Revolution, an assumption that, in Kovel's eyes, seems to suggest that "nature had toiled to put the gift of capital into human hands" rather than capitalism being a product of social relations in human history.
The school of thought represented by thinkers like David Korten, who advocate for "regulated markets" overseen by government and civil society; Kovel criticizes their lack of critique on the expansive nature of capitalism, ignoring issues of class, gender, race or any other form of domination. Kovel also critiques their idealistic view of history, which views the abuse of "natural capital" as a result of the materialism of the Scientific Revolution, an assumption that suggests that "nature had toiled to put the gift of capital into human hands" rather than capitalism being a product of social relations in human history.