Recently I did an interview with Blue & Green Tomorrow and talked about how the notion of free markets misrepresent our political and economic system. Here I am republishing part of this interview here (with their questions in blue text):
Yesterday, we published the first part of an interview with EcoLabs founder Joanna Boehnert. In response to a Blue & Green Tomorrow article about free markets (Free markets need to be free), Boehnert said on Twitter that it “[failed] entirely to deal with the problem that free markets systemically devalue the ecological wellbeing“. We asked her if she thinks the free market is therefore unsalvageable, and this was her response.
I am not against all markets absolutely. What I am absolutely against is misinformation, so it is important to note here that there is actually no such thing as a free market. Every market in the world has ways of working that was designed into the market, i.e. parameters that are predetermined. So-called free markets suit the interests of those who have the political power to design the terms of the market. What we have is a political and economic system that is neoliberal and capitalist. The idea of free markets is an obfuscation. Continue reading