alt Hacker NewsMarkets are the expression of an unfree society because they concentrate power in the hands of the few. Those with more money benefit by exploiting those with less - exploiting workers on the one hand and consumers on the other (through rent extraction). Stalinism is one form of planned economy but in your view the choices are Stalinism vs unregulated markets as if no other options exist. Absurd.
After decades of neoliberalism (thanks to politicians like Thatcher) we can see what a failure it has been. Wealth inequality is growing, climate change is getting worse, far right movements are spreading, governments are run by oligarchs, industry has declined, the working class is squeezed, labor movements have been crushed, housing shortages.. it’s an ideology of class war by the rich against the working class.
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> Stalinism is one form of planned economy but in your view the choices are Stalinism vs unregulated markets as if no other options exist.
You've shifted from "market" to "unregulated market". Your point is against markets in general and you haven't explained what's your understanding of "market" is (it seems at the very least unclear to you).
Trying to abolish "the market" can only lead to Stalinism, or whwtever you can to call it, because, again, since a market is the expression of people's actions, needs, and desires abolishing it has to mean abolishing individuals' freedoms. This is not absurd or "ideological propaganda", this is factual (and common sense, really) and proven again and again through the 20th century.
Equality =/= Freedom. It is perfectly possible to have high inequality but individual agency when operating in a positive sum game.
If you want to critique unequal distribution of power, that has always been the case with any society. You cannot coordinate thousands without some form of delegation. But problems borne of the market are always much easier to resolve than problems borne if the political. Therefore it is better to contain an unavoidable problem in a manageable domain that let it establish itself in a more concrete way.
The actual failures of the Western economies lie in naive assumptions about dealing with mercantalist countries and NIMBYism, but given this forum is against the solutions to both it is more politically acceptable to blame everything on "neoliberalism".
> Markets are the expression of an unfree society because they concentrate power in the hands of the few.
The idea of markets is that both sides are unable to influence the price. What you describe is a problem, but it isn't a healthy/free/working market anymore. I agree that the current economy is suboptimal, but the problem isn't capitalism and and free markets. It's rather a lack of the latter.