Neoliberalism and the Myths About Market
Market fundamentalists believe that “the market” is the best guiding instrument by which society should allocate its scarce economic resources and organize their economic lives to achieve a state of never-ending economic growth. “Market is God and economic growth is gospel . . . therefore leave things to the market”
Those fundamentalists always argue that “the market” is simply out there — outside society, outside history, neutral in front of any power interests`. It’s a natural and inevitable social fact which can be called as objective mechanism to allocate society’s economic resources.
The question is: Where did “the market” come from?
Market fundamentalists simply ignore the fact that “market” is socially constructed. Yes, “market” is always a social construction, in the sense that its construction involves interactions and interplay among various social groupings which is characterized by assymmetric power relations and uneven resources distribution. As long as they do not have equal power or economic footings, their interaction and interplay will take place in an “unlevel playing field”, and the socially constructed market will represent the interest of the dominant group.
As long as they do not have equal power or economic footings, their interaction and interplay will take place in an “unlevel playing field”, and the socially constructed market will represent the interest of the dominant group.
I believe this also related to another question “Where is the globalisation sided and to whom they’re sided” and is another world is possible to create a better world. It’s ironic to see, like Chavez said, that the globalisation it self that anti-global.