Wednesday, March 21, 2007

On Market Fundamentalism


Market fundamentalists believe that "the market" is the best guiding instrument by which society should allocate its scarce economic resources and organize their economic lives to achieve a state of never-ending economic growth. "Market is God and economic growth is gospel . . . therefore leave things to the market"
Those fundamentalists always argue that "the market" is simply out there -- outside society, outside history, neutral in front of any power interests`. It's a natural and inevitable social fact which can be called as objective mechanism to allocate society's economic resources


The question is: Where did "the market" come from?


Market fundamentalists simply ignore the fact that "market" is socially constructed.
Yes, "market" is always a social construction, in the sense that its construction involves interactions and interplay among various social groupings which is characterized by assymetris of power and resources distribution. As long as they do not have equal power or economic footings, their interaction and interplay will take place in an "unlevel playing field", and the socially constructed market will represent the interest of the dominant group.
. . .


Market fundamentalists fail to see any correlation between neoliberal free market
and poverty, human misery, and "natural" disasters.
If they acknowledge the link between neoliberal market and poverty, they tend
to explain that it's because we are "not free market enough".


2 comments:

Rizky said...

Maaf, mungkin tempatnya tidak cocok... Saya bingung mencari cara untuk mengontak Anda.

Dh,

Saya Icha, Pemimpin Redaksi Lembaga Pers Mahasiswa (LPM) Indikator FE-Unibraw, Malang. Saya sedang melakukan liputan soal pemilihan kata dalam pemberitaan lumpur lapindo. Beberapa media menggunakan lumpur lapindo, namun beberapa yang Bakrie minded menggunakan lumpur sidoarjo. Untuk itu, saya ingin menjadikan Anda sebagai salah satu narasumber kami. Tanggal 21 - 27 Mei saya ke Jakarta. Boleh saya minta waktu untuk wawancara?

Trims,
Icha

dedy n hidayat said...

Icha
Tentu bisa, saya hampir tiap hari
di kampus UI Salemba. Tapi sebaiknya terlebih dulu kontak via email saya:
dedynhidayat@gmail.com