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12.28.10

Repost: history vs markets

Posted in Critique of Evolutionary Economy at 12:18 pm by nemo

The illusion that capitalism drives history is a fallacy that Marx should have exposed, but instead embraced. In many ways, Marx is not the person we thought he was, and his legacy is a subtle obstacle to creating a real left. More on this soon.

————— From yesterday: The right to exit markets
With respect to previous posts today yesterday on market ideology…

In a way Marx confused the issue here, because, just at the moment of liberating thought from economic determinism, he produced ‘historical materialism’ which actually embraced economic laws of history. History is not driven by economics. Period, over and out.
The point here is that markets, economies in general, are subsystems in world history that evolves in a different way as a whole (check out the eonic effect!!!).
Markets are created by men, and too often created by exploitative elites. There is no historical necessity for them, save that they have shown a potential to create wealth. But after creating the great American Middle Class and then destroying it it is surely time for its victims to start saying ‘NO’ to market shibboleths. Men made markets, men can unmake them. That’s why mathematical economics is so misleading: it suggests a set of natural economic laws, that men must submit to. And then they added fake calculus to silence the public completely.
These are fictions, designed to ennare you. They have certainly confused economists.
The basic idea is: there are no absolute economic laws of the market that drive history. Human free will interacts at all points, and can change them as needed. The idea we should absolutely surrender to markets and never intervene is a case of consistency run amok. These systems were created after people like Adam Smith noticed that markets are often more efficient if left alone. OK, but the fetish made from that insight has been a series of monumental distortions.
It is up to you: decide to live in a sane system, not a market driven madhouse. And demand that.
Remember: you have a basic RIGHT to live in a non-market or modified market system that can provide the basics of social democracy. You don’t have to be a plaything of economic elites who use economic ASSHOLES with PhD’s to provide cover.
I am suspcious of Marx, he missed the point at the last moment, and produce a bad theory. We should drop it, and look to his earlier insights into theory and ideology.

1 Comment »

  1. Darwiniana » 23 Things They Don’t Tell You about Capitalism: said,

    December 30, 2010 at 1:07 pm

    [...] http://darwiniana.com/2010/12/28/repost-history-vs-markets/comment-page-1/#comment-355524 Richard said, [...]

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