Market Ideology Quotes



This explains much of the tension between the economic conservatives and the cultural conservatives of the Republican party. One advantage to a political system of allowing the free markets to allocate resources is that the politicians do not have to make almost endless decisions about what is right, what is wrong, who should get what, etc. The difficulty is that in some areas like health the market economy breaks down because there is no limit on what humans would pay for the health and welfare of their children and other loved ones. Then there are areas where the market for whatever reasons, produce a set of results that the vast majority of the society believes is unfair or detrimental to society in general, like gender wage discrimination and tweaking the market cannot improve the situation. However, if market reasoning is eliminated from government, there is endless contention and polarization—which some argue we have come to even with market reasoning in most areas. Market reasoning, of course, assumes competition, and a large part of the American economy is controlled by companies that have monopolies (legal and illegal) and duopolies or oligopolies like oil refining, airlines, internet ISP provisioning.


One advantage to a political system of allowing the free markets to allocate resources is that the politicians do not have to make almost endless decisions about what is right, what is wrong, who should get what, etc. The difficulty is that in some areas like health the market economy breaks down because there is no limit on what humans would pay for the health and welfare of their children and other loved ones. Then there are areas where the market for whatever reasons, produce a set of results that the vast majority of the society believes is unfair or detrimental to society in general, like gender wage discrimination and tweaking the market cannot improve the situation. However, if market reasoning is eliminated from government, there is endless contention and polarization—which some argue we have come to even with market reasoning in most areas. Market reasoning, of course, assumes competition, and a large part of the American economy is controlled by companies that have monopolies (legal and illegal) and duopolies or oligopolies like oil refining, airlines, internet ISP provisioning.