“Whether as taxpayers or consumers, pretty much everyone in Britain is now human feedstock for Big Capital. This may not be how you see yourself. After all, you’re a customer and in our dynamic, choice-stuffed markets the customer is king. Except that the propaganda doesn’t match reality.” Aditya Chakrabortty asks what Britain is actually for.
Tag: market
Shares go up and down – economy going nowhere
“Western capitalism will be able to cope with instability in the markets. But at what price in terms of economic and social stagnation? The danger is that our wider aspirations and horizons are falling further while we remain fixated with the ups and downs of share and property prices”, writes Mike Hume.
Darwinian markets
“I’m struck by the work of some of the anti-globalization protesters, which has been admirably out-of-the-tunnel in terms of motivation, but naively ill-informed about how the world economy works.” Economist Paul Seabright on how human beings developed a complex system of cooperation and specialization between unrelated individuals.