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

Paul655

[(Anonymous)]

I agree, the market is neither left nor right leaning, it is a neutral entity. Although it favored more by the right side of the spectrum, the market is for everyone and is truely the source of our freedom in America. I don't affiliate myself with a specific political party, both are too corrupt have a pure view on the market - I consider myself a capitalist - a freedomist if you will.

Anyway, the uncertainty and instability of the market is what keeps us stable, strangely enough. The constant competition and change keeps our market on the path toward prosperity.

Re: Paul655

[matgb]

Heh-supporting markets doesn't make you a capitalist, as we've seen above, capitalism favours oligopolies and lack of competition.

True free markets are only available with a decent socialist setup ;-)

MatGB, Market Socialist (Millite tendency)