Money is power. Markets produce wealth inequality. The richest use their money to buy influence and write the rules. Fundamentally a “regulated market” is an unstable system that eats itself, a fiction.
No system consisting of humans is ever stable. We can dampen various events, but building a stable system is impossible. Too many things change constantly around us.
Not even old ossified feudal systems were stable. Either the Mongols came, or Black Death, or some smart-ass with his moveable type, and nothing was like before.
Markets are nothing more than the aggregate expression of what people do, need, desire. It's an expression of a free society. No market means a Stalinist society.
> Markets produce wealth inequality.
That always reminds of Margaret Thatcher's famous words in Parliament: "They'd rather the poor be poorer provided that the rich were less rich."
> They'd rather the poor be poorer provided that the rich were less rich.
That is an absolutely reasonable stance? Wealth isn't absolute, it's relative. If the rich are less rich, more resources are available for everyone else.
Markets are the expression of an unfree society because they concentrate power in the hands of the few. Those with more money benefit by exploiting those with less - exploiting workers on the one hand and consumers on the other (through rent extraction). Stalinism is one form of planned economy but in your view the choices are Stalinism vs unregulated markets as if no other options exist. Absurd.
After decades of neoliberalism (thanks to politicians like Thatcher) we can see what a failure it has been. Wealth inequality is growing, climate change is getting worse, far right movements are spreading, governments are run by oligarchs, industry has declined, the working class is squeezed, labor movements have been crushed, housing shortages.. it’s an ideology of class war by the rich against the working class.
inglor_cz|2 months ago
Not even old ossified feudal systems were stable. Either the Mongols came, or Black Death, or some smart-ass with his moveable type, and nothing was like before.
mytailorisrich|2 months ago
Markets are nothing more than the aggregate expression of what people do, need, desire. It's an expression of a free society. No market means a Stalinist society.
> Markets produce wealth inequality.
That always reminds of Margaret Thatcher's famous words in Parliament: "They'd rather the poor be poorer provided that the rich were less rich."
saubeidl|2 months ago
It doesn't. That's just ideological propaganda.
> They'd rather the poor be poorer provided that the rich were less rich.
That is an absolutely reasonable stance? Wealth isn't absolute, it's relative. If the rich are less rich, more resources are available for everyone else.
grafmax|2 months ago
After decades of neoliberalism (thanks to politicians like Thatcher) we can see what a failure it has been. Wealth inequality is growing, climate change is getting worse, far right movements are spreading, governments are run by oligarchs, industry has declined, the working class is squeezed, labor movements have been crushed, housing shortages.. it’s an ideology of class war by the rich against the working class.