...markets are social institutions, just as much under the thumb - TopicsExpress

...markets are social institutions, just as much under the thumb of politics and government as everything else. Which means they’re subject to democratic pressures, as they should be. And what you “earn” from said markets? Chang: “All our wages are, at root, politically determined.” Despite what Ron Paul’s trolls might have you believe, gold Krugerrands don’t spray out your asshole every time you type up a spreadsheet or pour a Grande mochachino for your next customer. Capitalism has always been a product of Big Government. Ever since the railroads of the nineteenth century, to Silicon Valley, Big Pharma and the banks, the Nanny State has been there all along, passing subsidies and tax breaks, and eating the costs the private sector doesn’t want. So whenever a libertarian says that capitalism is at odds with the state, laugh at him. It’s like saying that the NFL is “at war” with football fields. To be a libertarian is to say that God or the universe marked up that field, squirted out the pigskins from the bowels of the earth and handed down the playbooks from Mt. Sinai.

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