According to the principles of classical liberalism the so called free market would lead to emancipation for all. Indeed Friedman said the following:
Indeed this is a cornerstone principle of free market capitalism, i.e., that free markets guarantee freedom. However, the example that I provided demonstrates that in practice, markets are not necessarily free. In this instance, the commercial real estate market does indeed discriminate based simply on who you are. I suppose that's what got me. Supposedly markets should be impersonal, and one can buy what one has the ability to pay for, just like anyone else. But that is not the case. Now one can say that the owners are merely acting in their self interest to preserve the investment of their clients. But the problem is that in this case, not only is the ability to pay no longer criteria, but there is also no consideration of the merits of the product or the producer. It is simply based on established names. Thus eroding the principles of meritocracy, while at the same time supporting the principles of cronyism.No one who buys bread knows whether the wheat from which it was made was grown by a Communist or a Republican, by a constitutionalist or a Fascist, or, for that matter , by a Negro or a white. This illustrates how an impersonal market separates economic activities from political views and protects men from being discriminated against in the economic activities for reasons that are irrelevant to their productivity
Last edited by MildSteel; 06-03-14 at 07:33 PM.
Marxisms biggest mistake is assuming that the only way to make things right is by attacking a certain section of society and blaming them for all of our short comings. It is no different than ultra conservatives blaming a certain section of society for all of this countries woes. Also Bourgeois Society the definition that Marx used as Capitalism is entirely different than what most Americans think of as the definition of Capitalism. At any rate if we use Marx's definition of Capitalism then we can still say that his predictions were wrong, even with 2008 in the picture. Marx's predictions called for absolutes in his assertions that are not at all possible in reality. Take for example his claims that we would be more concerned with money than our family, that was an outright fail.
But in the end Marxists are never honest about word definitions nor observations of the real world. They instead try and make the world adhere to Marxisms belief system.
Did you forget about OWS? All those millions marching?
Look at the $10B a major bank is going to have to pay out for criminal acts.
Why are criminals allowed to just pay a fine? Why does NO ONE go to jail?
Bourgeois is the owners of production. Not this "society" BS you talk about.