Capitalist Schools of Thought 2

Capitalist Schools of Thought 2 - Core-tenets of Market...

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9/17/11 Core-tenets of Market Fundamentalism The short-term interest of consumers are given primacy in decision-making (Alexander Hamilton vehemently disagreed with Adam Smith on this point.) Love of money as the basis for social organization. Shareholder model and bonus culture Every action government takes strips us of a bit of our freedom, so only an unfettered free market can
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9/17/11 More Core-tenets of Market Fundamentalism -#2 •Free-trade and the accompanying specialization produced by free-trade are always desirable. The corollary - Nations don’t compete but rather corporations compete – “potato chip, wood chips and computer chips” •Free-trade is allowing the US to refashion its economy into a service sector economy and shedding manufacturing will be a good thing in the long run.
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9/17/11 More Core-tenets of Market •Environmental protection can only come at the expense of jobs –Jobs vs. the Environment •New regulations should always be opposed and old regulations should be rolled back; target regulatory agencies.
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