WORLD-MARKET-STATE vs. DEMOCRACY: Why We Should Go Over the Fiscal Cliff

 By Eric L. Prentis

(Published December 17, 2012)

International corporations use “free market” capitalism ideology to justify globalization and create a“world-market-state.” Supposedly, “free market” capitalism makes America’s economy efficient and, therefore, far more prosperous. In practice, however, international corporations promote laws based on “free market” capitalism—for their own benefit.

Economists,for 45 years,promote laissez-faire “free market” capitalism doctrineof reducing the size of government through deregulation, privatization of government services, and globalization. Economists tell us that using now efficient markets to manage the economy, rather than politicians, will dramatically increase US wealth. However, recent scientific research and real-life economic results disprove this myth. Instead, evidence shows that deregulated “free market” capitalismpoliciesare damaging the US economy.

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http://www.economicpopulist.org/content/world-market-state-vs-democracy-why-we-should-go-over-fiscal-cliff 

 

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WORLD-MAR

Why We Should Go Ove

By Eric L. Prentis, Originally publish

International corporations use “free market” capitalism ideology to justify globalization and create a“world-market-state.” Supposedly, “free market” capitalism makes America’s economy efficient and, therefore, far more prosperous. In practice, however, international corporations promote laws based on “free marke

Economists,for 45 years,promote laissez-faire “free market” capitalism doctrineof reducing the size of government through deregulation, privatization of government services, and globalization. Economists tell us that using now efficient markets to manage the economy, rather than politicians, will dramatically increase US wealth. However, recent scientific research and real-life economic results disprove this myth. Instead, evidence shows that deregulated “free market” capitalismpoliciesare damaging the US economy.