Neal Lawson and John Harris call for a new type of politics. As part of their analysis:
The dysfunctional consequences of uncontrolled markets have allowed government to grow ever more intrusive and controlling.
Eh? Less government means more government?
The purpose of free markets is to maximise profits.
What? Erm, it\’s rather an assumption of perfect competition that there will be no profits at all. Even ignoring that the purpose of free markets is to allow the consumer to choose as the consumer wishes. To maximise consumer profit as it were, not producers\’ profits.
unchecked markets and monopoly capitalism
Hmm…unchecked markets lead to monopoly do they? I thought that little bit of Marxism had been empirically disproved by now (except in the limiting case of ever increasing returns to scale that is).
We can allow markets to flourish, but know we are better served by more plural and diverse means of production – such as social enterprise, voluntary organisations, mutuals and co-operatives.
Like, err, having unchecked markets in methods of organisation and ownership you mean?
The sad thing is they actually believe all this nonsense.