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Single Idea 24072

[catalogued under 24. Political Theory / D. Ideologies / 11. Capitalism]

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)

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.

Book Reference

-: 'London Review of Books' [ 0], p.23