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Full Idea
Braudel sees capitalism as the 'anti-market': a world of opacity, monopoly, concentration of power and wealth, and the exceptional profits that can be achieved only by escaping the norms of 'economic life'.
Gist of Idea
Capitalism is the anti-market, with opacity, monopolies, powers, exceptional profits and wealth
Source
William Davies (Review of 'The Price is Wrong' by B.Christophers [2024], 24-04-04)
Book Ref
-: 'London Review of Books' [ 0], p.23
A Reaction
Given all the talk about the wonders of the 'free market' from right-wingers, this passage came as a revelation to me. Capitalists all dream of a monopoly, which is precisely the destruction of a market.
| 24071 | Markets are transparent, with known prices and activity, and minimal profits [Davies,W] |
| 24073 | Capitalists use their exceptional power to impose their own rules, and make the state their ally [Davies,W] |
| 24070 | Economies have material, economic and capitalist layers [Davies,W] |
| 24074 | Capitalism must mainly rely either on the labour market, or on the financial markets [Davies,W] |
| 24072 | Capitalism is the anti-market, with opacity, monopolies, powers, exceptional profits and wealth [Davies,W] |