The Naked Scientists

The Naked Scientists Forum

Author Topic: Do Market Economies Demand Subordinated Market Societies?  (Read 2685 times)

Offline coberst

  • Sr. Member
  • ****
  • Posts: 292
    • View Profile
Market Economies Demand Subordinated Market Societies

“A market economy is an economic system controlled, regulated, and directed by market prices; order in the production and distribution of goods is entrusted to this self-regulating mechanism.”

Such a system contains the following assumptions:
1)   Human behavior is such as to seek maximum money gains
2)   The supply of goods and services are available based on demand at market prices
3)   Money, functioning as buying power, is in the hands of prospective buyers
4)   Nothing beyond prices must interfere with markets
5)   All incomes are supplied through markets
6)   Prices, supply, and demand respond only to market forces

Production and distribution will thus depend upon market prices alone.  “Self-regulation implies that all production is for sale on the market and all incomes derive from such sales.”

Under feudalism and the guild system land and labor formed a part of the social organization: the status and function of land were determined by legal and provincial rules, all questions about land were removed from any organized market of buying and selling and subjected to various institutional regulations; the same was true regarding matters of labor, the relations between journeymen and apprentice, the terms of craft, and the wages were regulated by the custom and rule of the guild and the town.

“The self-regulating market demands nothing less than the institutional separation of society into an economic and a political sphere…It might be argued that the separateness of the two spheres obtains in every type of society at all times.  Such an inference, however, would be based on a fallacy…normally, the economic order is merely a function of the social order…Nineteenth-century society, in which economic activity was isolated and imputed to a distinctive economic motive, was a singular departure.”

A self-regulating market cannot exist unless society is subordinated to its requirements; a market economy can exist only in a market society.

 Quotes from “The Great Transformation: The Political and Economic Origins of Our Time” by Karl Polanyi


 

Offline Make it Lady

  • Neilep Level Member
  • ******
  • Posts: 4050
  • Hands-on fun for everyone!
    • View Profile
Do Market Economies Demand Subordinated Market Societies?
« Reply #1 on: 18/11/2008 17:41:34 »
Do I look like an accountant!

If people just stopped buying stuff they didn't really need most economies would be stuffed for a while. Eventually the world order would balance out again. Next change all the trade laws to make it fair and then that would course some trouble for a while but then all the charity groups wouldn't be needed any more because poor countries would be empowered. Then if we grew our own veg, bought local and seasonal and practised refuse, re-use, re-pair and re-cycle. the world would be a better place and we would have a better grip on what is important. Money is NOT!   
 

Offline that mad man

  • Hero Member
  • *****
  • Posts: 724
    • View Profile
    • My music
Do Market Economies Demand Subordinated Market Societies?
« Reply #2 on: 18/11/2008 18:20:43 »
Unfortunately market prices are manipulated and are not self regulating that's why we have a false house marketing boom and bust.

We have a stock exchange with a futures market where people trade in what the market can sustain for maximum profit. It is about money, money IS important as that is what drives economies and allows you to buy things you don't necessarily need.
 

Offline Make it Lady

  • Neilep Level Member
  • ******
  • Posts: 4050
  • Hands-on fun for everyone!
    • View Profile
Do Market Economies Demand Subordinated Market Societies?
« Reply #3 on: 18/11/2008 18:34:44 »
And so the circle is complete!!!!
 

paul.fr

  • Guest
Do Market Economies Demand Subordinated Market Societies?
« Reply #4 on: 20/11/2008 13:08:53 »
Is there an actual question in the initial post, or just a statement?
 I also wonder why the originator of the topic does not reply to the posts made when the topic has been moved to "just chat", does the topic starter think it is beneath him to reply in this section? Does he only reply when people slap him on the back for being "an intellectual"? I think we should be told.
 

Offline psikeyhackr

  • Full Member
  • ***
  • Posts: 54
  • Live Long & Suffer
    • View Profile
    • GlobaLIES
Do Market Economies Demand Subordinated Market Societies?
« Reply #5 on: 07/12/2008 16:30:54 »
Economics should be analyzed as a power game in which most people are trained to be losers.

http://www.spectacle.org/1199/wargame.html

psik
 

Offline LeeE

  • Neilep Level Member
  • ******
  • Posts: 3382
    • View Profile
    • Spatial
Do Market Economies Demand Subordinated Market Societies?
« Reply #6 on: 07/12/2008 17:53:32 »
I think I'm with psik on this one.
 

The Naked Scientists Forum

Do Market Economies Demand Subordinated Market Societies?
« Reply #6 on: 07/12/2008 17:53:32 »

 

SMF 2.0.10 | SMF © 2015, Simple Machines
SMFAds for Free Forums