A Quote by Peter L. Berger
In a market economy, however, the individual has some possibility of escaping from the power of the state.
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In a market economy, however, the individual has some possibility of escaping from the power of the state
The parallel existence and mutual interaction of "state" and "market" in the modern world create "political economy"; without both state and market there could be no political economy.
Every device employed to bolster individual freedom must have as its chief purpose the impairment of the absoluteness of power. The indications are that such an impairment is brought about not by strengthening the individual and pitting him against the possessors of power, but by distributing and diversifying power and pitting one category or unit of power against the other. Where power is one, the defeated individual, however strong and resourceful, can have no refuge and no recourse.
Nevertheless, it is necessary to remember that a planned economy is not yet socialism. A planned economy as such may be accompanied by the complete enslavement of the individual. The achievement of socialism requires the solution of some extremely difficult socio-political problems: how is it possible, in view of the far-reaching centralisation of political and economic power, to prevent bureaucracy from becoming all-powerful and overweening? How can the rights of the individual be protected and therewith a democratic counterweight to the power of bureaucracy be assured?
The market economy succeeds not because some people's interests are suppressed and other people are kept out of the market, but because people gain individual advantage from it.
What is it about a work of art, even when it is bought and sold in the market, that makes us distinguish it from . . . pure commodities? A work of art is a gift, not a commodity. . . works of art exist simultaneously in two “economies”, a market economy and a gift economy. Only one of these is essential, however: a work of art can survive without the market, but where there is no gift, there is no art.
The seventeenth century is everywhere a time in which the state's power over everything individual increases, whether that power be in absolutist hands or may be considered the result of a contract, etc. People begin to dispute the sacred right of the individual ruler or authority without being aware that at the same time they are playing into the hands of a colossal state power.
They'll [China] probably be a fully developed nation. The road there just is not going to be that easy. You're going from a macromanaged, top-down economy to a market-managed, micromanaged type of economy, with all the potential corruption issues, SOE [state-owned enterprise] reform, and market reform that come with it.
The power should be in individual democracies in individual communities. It shouldn't be an oligarchy or some small group of elite. Power should be with the people and not with some politician or some heir to the throne or some madman.
I find it quite useful to think of a free-market economy - or partly free market economy - as sort of the equivalent of an ecosystem. Just as animals flourish in niches, people who specialize in some narrow niche can do very well.
In a normal democracy, you protect the individual from the excessive power of the state. In Turkey, power elites try to protect the state - as if this state were fragile and needed protection - when in fact, it's too powerful already.
It is eminently possible to have a market-based economy that requires no such brutality and demands no such ideological purity. A free market in consumer products can coexist with free public health care, with public schools, with a large segment of the economy -- like a national oil company -- held in state hands. It's equally possible to require corporations to pay decent wages, to respect the right of workers to form unions, and for governments to tax and redistribute wealth so that the sharp inequalities that mark the corporatist state are reduced. Markets need not be fundamentalist.
There will never be a really free and enlightened state until the state comes to recognize the individual as a higher and independent power, from which all its own power and authority are derived.
Market fundamentalists recognize that the role of the state in the economy is always disruptive, inefficient, and generally has negative connotations. This leads them to believe that the market mechanism can take care of all the problems.
Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals, the society in which they live and the economy in which they work. Most critically, our responsibility in this parliament is how that power is used: whether it is used for the benefit of the few or the many.
There will never be a really free and enlightened State until the State comes to recognize the individual as a higher and independent power, from which all its own power and authority are derived, and treats him accordingly.
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