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Capitalist Markets Aren’t “Free.” They’re Planned for Profit. (mastodon.social)

submitted 8 months ago by [email protected] to c/[email protected]

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Capitalist Markets Aren’t “Free.” They’re Planned for Profit.

Neoliberalism was never about shrinking the state to unfetter markets and enhance human freedom. In her new book, Vulture Capitalism, Grace Blakeley argues that neoliberalism has always sought to wield state power to maximize profits for the rich.

https://jacobin.com/2024/03/neoliberalism-markets-planning-vulture-capitalism/

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[–] [email protected] 0 points 8 months ago* (last edited 8 months ago)

@jlou yeah, states create the hierarchy of bosses they need to "regulate" (rule) the economy effectively and at least somewhat efficiently. they still allow a small slither of entrepreneurship to not be a complete centrally planned disaster. but the entrepreneurs quickly become privileged cronies protected from competition by most people.

much of this is not even intentional, it's just the result of states trying to preserve and secure their power.