Capitalism: anti market?

[matgb]

The ever excellent chris_dillow_fd has an excellent summary of the banks reaction to Northern Rock at Stumbling and Mumbling, and naturally I concur completely:

This episode shows that many bosses don't really believe in free markets. Instead, they are like the slaggiest single parent. They pretend to be victims, and expect the state to save people from the consequences of their own stupidity and promiscuity. Indeed, they are worse

A large number of capitalist managers and owners pay lip service to markets, but when it comes down to it would rather not worry about that dangerous 'competition' stuff.

Which is why calling markets 'right wing' is both blinkered and stupid--markets are a tool, a means to an end, and are neutral on left/right alignment. But they are a fundamental tenet of a modern free society.

Comments

[miss-s-b.livejournal.com]

I can't see the rest of the article through the red mist, sorry.