.

Wiki  “A market is any one of a variety of different systems, institutions, procedures, social relations and infrastructures whereby persons trade, and goods and services are exchanged, forming part of the economy. It is an arrangement that allows buyers and sellers to exchange things. Competition is essential in markets, and separates market from trade. Two persons may trade, but it takes at least three persons to have a market, so that there is competition on at least one of its two sides.^[1] Markets vary in size, range, geographic scale, location, types and variety of human communities, as well as the types of goods and services traded.” 

Misuse of the market symbol is endemic in Anglo-American culture and evidences profound denial of stewardship/change and associated psychosis.  The group of merchant bankers who control bulk trades of commodities, shares and derivatives define their market as The Market, thereby denying the existence of the myriad other markets. This group also controls large media corporations and these compound the denial. They accord “The Market” godlike status with beliefs that “The Market knows best.”, “The Market is the ultimate judge.” and “The Market will care for us”. Their psychosis is also manifest in beliefs that The Market has feelings e.g. “The Market likes/does not like this/that Government’s policy”, “ The Market was nervous today.” Etc. 

The fundamental driver of this psychosis is the denial of the role of human beings as stewards amidst the universal flux. Personal responsibility is divested to this amorphous social construct called The Market. Every society that has adopted this behaviour has collapsed amidst disease, starvation and warfare. Our current Anglo-American society is now at severe risk too because individuals fail to act as stewards of our carbon potential and live by the vastly undervalued prices set by the merchant bankers who control the mineral oil/gas trades. 

Conserve the potential of the market symbol so our children can know myriad market systems are possible and they can only serve us in sustainable ways if each individual embraces their role as stewards of their actions. 

Page last  updated: July 2010

TOP

.