Free Market Ideology

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A Free Market Ideology is an liberal ideology for an economic system which sees competition as the defining characteristic of human relations.



References

2016

  • [George Monbiot]]. (2016). “Neoliberalism – The Ideology at the Toot of all our Problems."
    • QUOTE: Neoliberalism sees competition as the defining characteristic of human relations. It redefines citizens as consumers, whose democratic choices are best exercised by buying and selling, a process that rewards merit and punishes inefficiency. It maintains that “the market” delivers benefits that could never be achieved by planning. … As Tony Judt pointed out in Ill Fares the Land, Hayek forgot that vital national services cannot be allowed to collapse, which means that competition cannot run its course. Business takes the profits, the state keeps the risk. … What the history of both Keynesianism and neoliberalism show is that it’s not enough to oppose a broken system. A coherent alternative has to be proposed. …

2014