Difference between revisions of "Marketism"

Latest revision as of 19:38, 27 May 2019

About

Marketism (short for free market fundamentalism) is a loose aggregation of beliefs that generally oppose government and favor private enterprise in the form of free-as-in-unregulated market principles. Ironically, it tends to destroy free markets by allowing monopolies to exist.

Key characteristics include:

advocacy against government regulation of private business
- which they often refer to as "small government"
- commonly known as laissez-faire economics
- some forms advocate for the abolishment of government altogether
general reduction in the "size" and reach of government (minarchism)
where government is seen as having any legitimate role at all, its only legitimate functions are:
- enforcement of property rights (propertarianism) and other "natural rights"
- contract enforcement

A society based on marketist principles would be a form of minarchy or anarchy, but there are no known examples of any such society that is both highly technological and either prosperous or peaceful, much less successful at maintaining human rights or even "natural rights".

Terminology

Marketism is short for market fundamentalism or free market fundamentalism, and is also known as free-marketism and market extremism.
An adherent of marketism is called a marketeer, marketist, free-marketeer or free-marketist.
Marketism that advocates for "smaller" government (i.e. deregulation) rather than no government (i.e. anarchism) is a form of minarchism.
Marketism is belief in a system of free/unregulated markets.
Adherents of this ideology are referred to as free marketeers or free marketarians. They are also often (especially in the United States) libertarians, though that ideology is generally a superset of free-marketism.
Marketists commonly self-identify as voluntarists, minarchists, anarcho-capitalists, and/or libertarians (especially in the United States).
- Marketeers who advocate for the complete abolishment of government often self-identify as anarcho-capitalists (AnCaps for short), a form of anarchism
- Marketeers often refer to their ideology as "Austrian economics", a reference to the Mises Institute.

Related Pages

Libertarianism/American

Subpages

/beliefs - basic premises, sometimes supported by (faulty) logic
/claims - common claims made by marketists, derived from their core beliefs
/contradictions - how marketist beliefs contradict each other
/fallacies - logical fallacies often committed within marketist ideology
/religion - how marketism is like a religion

Corpsplaining

Free-marketeers often defend corporate evil in terms that are very similar to mansplainer attacks on feminism, such as "not all corporations are bad" (see not all men [1]).

Notes

There is some discussion of these ideas on Google+.

Links

Reference

CWRE

@@ Line 2: / Line 2: @@
 [[page type::article]]
 [[thing type::ideology]]
+[[type of::fundamentalism]]
 [[category:isms]]
 </hide>
 ==About==
-[[Free-marketism]] is a [[belief]] in the general superiority of solutions based on [[free market/unregulated|free-as-in-unregulated market]] principles. It is usually accompanied by a [[propertarianism|belief in strong property rights]], with enforcement of such rights being one of the few (if any) legitimate functions of [[government]].
+[[Marketism]] (short for [[free market fundamentalism]]) is a [[similarity cluster|loose aggregation]] of [[belief]]s that generally [[anti-governmentism|oppose government]] and favor private enterprise in the form of [[free market/unregulated|free-as-in-unregulated market]] principles. Ironically, it tends to destroy free markets by allowing monopolies to exist.
-A society based on free-marketist principles would be a form of [[minarchy]], but there are no known examples of any such society that is both highly technological and either prosperous or peaceful, much less successful at maintaining [[human rights]].
+Key characteristics include:
+* advocacy against government regulation of private business
+** which they often refer to as "[[small government]]"
+** commonly known as laissez-faire economics
+** some forms advocate for the [[anarcho-capitalism|abolishment of government altogether]]
+* general reduction in the "[[government/size|size]]" and reach of government ([[minarchism]])
+* where [[government]] is seen as having any legitimate role at all, its only legitimate functions are:
+** enforcement of [[property rights]] ([[propertarianism]]) and other "[[natural rights]]"
+** [[contract enforcement]]
-Free-marketists commonly self-identify as [[voluntarist]]s, [[minarchist]]s, [[anarcho-capitalist]]s, or [[libertarian]]s.
+A society based on marketist principles would be a form of [[minarchy]] or [[anarchy]], but there are no known examples of any such society that is both highly technological and either prosperous or peaceful, much less successful at maintaining [[human rights]] or even "[[natural rights]]".
-===Core beliefs===
+===Terminology===
-* Only virtue leads to success; success (i.e. making money) is therefore, by definition, virtuous. (see [[fairness fallacy]])
+* [[Marketism]] is short for [[market fundamentalism]] or [[free market fundamentalism]], and is also known as [[free-marketism]] and [[market extremism]].
-* (therefore) Anyone who is rich deserves every penny of their wealth.
+* An adherent of [[marketism]] is called a [[marketeer]], [[marketist]], [[free-marketeer]] or [[free-marketist]].
-* (therefore) Anything which interferes -- or appears to be interfering -- with market forces is a source of injustice (i.e. moving rewards from those who deserve them to those who do not)
+* [[Marketism]] that advocates for "smaller" government (i.e. deregulation) rather than ''no'' government (i.e. [[anarchism]]) is a form of [[minarchism]].
-* (therefore) Government interference with the market is evil.
+* [[Marketism]] is [[belief]] in a system of [[free market/unregulated|free/unregulated markets]].
-* (therefore) Government regulation is evil, regardless of the evil said regulation may be trying to prevent.
+* Adherents of this ideology are referred to as [[free marketeer]]s or [[free marketarian]]s. They are also often (especially in the {{USA}}) [[libertarian]]s, though that ideology is generally a superset of free-marketism.
-* Physical coercion is always wrong. The results of failing to coerce, however, are of no moral consequence.
+* [[Marketist]]s commonly self-identify as [[voluntarist]]s, [[minarchist]]s, [[anarcho-capitalist]]s, and/or [[libertarian]]s ([[libertarianism/American|especially]] in the {{USA}}).
-* All [[social right|right]]s are individual; groups do not have any rights.
+** [[Marketeer]]s who advocate for the complete abolishment of government often self-identify as [[anarcho-capitalist]]s ([[AnCap]]s for short), a form of [[anarchism]]
-* All valid social obligations are [[negative obligation|negative]]; there are no [[positive obligation]]s to society.
+** [[Marketeer]]s often refer to their ideology as "[[Austrian economics]]", a reference to the [[Mises Institute]].
-Some free-marketeers also express the belief that there is no such thing as society (after [[Margaret Thatcher]]'s famous statement to this effect) as a way of attacking the concept of (positive) social obligation, but apparently not all of them agree with this.
+===Related Pages===
-===Religion===
+* [[Libertarianism/American]]
-Free-marketism is often expressed in [[moralistic]] terms that bear a great deal of similarity to [[religious]] beliefs:
+===Subpages===
+* [[/beliefs]] - basic premises, sometimes supported by (faulty) logic
-* In essence, any action which is rewarded by the market (i.e. [[profit]]able) is thereby sanctified; anyone who does as the market wishes is absolved of sin, because the market would only reward someone for taking an action that was ''for the [[net good]]'', even if it has some negative consequences.
+* [[/claims]] - common claims made by marketists, derived from their core beliefs
-* The actions of the powerful may be morally evaluated entirely in terms of virtuous free-market reward and sinful rewards resulting from government interference.
+* [[/contradictions]] - how marketist beliefs contradict each other
-* The cause of any injustice is always "government"; the cause of any good is always "market forces". "Government" / "the state" is seen as pure evil, like [[Satan]], while the market is pure good, like [[God]].
+* [[/fallacies]] - logical fallacies often committed within marketist ideology
+* [[/religion]] - how marketism is like a religion
-Because of the one-dimensionality of the moralistic thinking involved, free-marketeers see no [[hypocrisy]] in (for example) a profitable company fighting against environmental regulations as unnecessary and intrusive while also polluting ''and'' claiming that their activities are beneficial overall. The government (Satan) is to blame for the polluting, and the company's virtuous fight against the government helps to ''cancel out'' the evil (sin) of polluting -- rather than demonstrating the moral indefensibility of fighting against environmental regulations. The company's profitability -- i.e. its compliance with market forces (God) -- ''proves'' that it is on the side of virtue, regardless of any negative consequences.
 ===Corpsplaining===
 Free-marketeers often defend corporate evil in terms that are very similar to [[mansplainer]] attacks on feminism, such as "not all corporations are bad" (see [[not all men]] [http://crunchbang.org/start#%22not%20all%20men%22]).
-==Usage==
-* [[Free-marketism]] is [[belief]] in a system of [[free market/unregulated|free/unregulated markets]].
-* Adherents of this ideology are referred to as [[free marketeer]]s or [[free marketarian]]s. They are also often (especially in the {{USA}}) [[libertarian]]s, though that ideology is generally a superset of free-marketism.
-==Claims==
-Claims frequently made by free marketeers include:
-* Economic inequality is, has always been, and will always be with us; attempts to fight [[poverty]] have never worked.
-** This is fair because people are not equal in their efforts and, therefore, people will not be equal in their rewards.
-* The fact that most people now have cell phones proves that the free market works to provide equality.
-** This is often claimed by the same people who will freely admit we don't have a free market right now.
-* Only government regulation can cause [[monopolies]].
-** More generally, excessive [[private power]] only exists because it is able to exploit excessive [[government power]].
-*** Implication: all excessive power is created by government.
-* It is the government's fault that its regulatory power is {{wp/alt|regulatory capture|abused}} by powerful interests. (If that power didn't exist, then it couldn't be abused.)
 ==Notes==
 There is some discussion of these ideas [https://plus.google.com/u/0/102282887764745350285/posts/Vw5vLPZk6En on Google+].
-===Questions===
-Some questions for free-marketeers:
-# Do you agree that voluntarism has some issues that need to be resolved?
-# Do you agree that government sometimes "gets it right", i.e. takes actions whose effects are primarily (and intentionally) beneficial?
 ==Links==
+===Reference===
+* {{cwre}}
 {{links/smw}}