Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I haven't been reading all of your recent work, so perhaps should not comment, but --
elaborate on this bit for me, will you?

The limited and unexpanding nature of the market pattern, as such, was not recognized; and yet it is this fact which emerges with convincing clarity from modern research.

By "limited and unexpanding nature" --- is he saying the inflexible, the unadaptable here?
Because in a very direct sense the tendency of the market world to expand to fill all economic space, to absorb and alter social space is clear.
It simply does not adapt to irritating preexisting social components, no matter how desirable, but erases them. Like the commons, for example.

And this bit:

The reasons are simple. Markets are not institutions functioning within an economy, but without. They are (the) meeting place of long distance trade. Local markets proper are of little consequence. Moreover, neither long distance nor local markets are essentially competitive, and consequentially there is, in either case, but little pressure to create territorial trade, a so-called internal or national market.

A paragraph or two would be appreciated--
All of this seems to presuppose that we are in what is now understandable as the late stages of a capitalist- market economy, in which internal predation has concentrated control. In this case, I can see it.

Capitalism searches out the darkest corners of human potential, and mainlines them.
by geezer in Paris (risico at wanadoo(flypoop)fr) on Sun Oct 3rd, 2010 at 05:20:09 AM EST
[ Parent ]
By "limited and unexpanding nature" --- is he saying the inflexible, the unadaptable here?

I take him as referring to local markets and their tendencies PRIOR to the transformation of the traditional society into a market society. Local markets were features of traditional societies and long distance trade was of limited impact on traditional societies UNTIL the increased productivity of machine driven production was empowered by the transformation of significance between the economic and social spheres that made the society a function of the economy, not visa versa.

Fordist productionism was the last stage of the socially beneficial aspects of the great transformation. It has now been abandoned and the financial sector is feeding on the productive functions of society.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Oct 3rd, 2010 at 11:23:34 AM EST
[ Parent ]


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