Tag Archives: markets

A short history of the market

As world conquests go, this was pretty impressive. While there were dark muttering about Islam taking over the world, neo-liberalism went ahead and did it in less than 50 years. It used the tools of an organised religion. If you wanted to be part of it, you had to forswear all others and commit yourself to a belief in the mystical powers of the Market. You could not question the powers of the Market, despite any evidence to the contrary, and discussion could only take place if both parties took the magical powers that flow from the Market as fact. …

Posted in Humour | 39 Comments

Opinion: the state should harness the power of markets

The story of Adam being enticed to take the apple by Eve is not merely an amusing insight into the human condition, its an example of the very first market at work.

Markets work on the principal that people respond to stimuli, economics tries to ascertain what those stimuli are, and what the impact of those stimuli on the wider community are.

The idea that the government, can or should, protect certain sectors of the economy from the market is a fallacy.

While I don’t agree with the Coalition’s (or indeed Labour’s) policy on University funding, the argument occasionally made, that charging fees …

Posted in Op-eds | Also tagged , , and | 27 Comments
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  • Chris Moore
    Hello Mary, you say this, "he party made a huge tactical error – when they could have had massive influence on a vote by vote basis – and betrayed millio...
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    As a student some 44 years ago, I delivered leaflets in a byelection in a new(ish)housing estate on the outskirts of Reading. It was uneventful until a furious ...
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    Might we please have a pamphlet or three on the harsh harm done to so many in our policy-deprived, not-rich fellow citizens and the some 25% of our children w...
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    @Mary Fulton: Confidence & Supply would have had the same risks for us as a full-blown coalition. It would have looked like we were just propping up the Tor...