Thursday, October 07, 2010
Notes of a Quantum Marxist
Of all the arguments in favor of a free market economy the idea that free markets make the best use of resources seems the most specious. Since free market supporters abhor distribution according to need, indeed loathe the very idea, one can hardly consider it the most efficient. Efficiency, by free market standards is not measured in the greater good being served, but in what can make the most profit for the least expense (often for an elite oligarchy). Rather than just distribution it creates a culture of wealth for the few or the lucky and encourages the hoarding of resources beyond what is reasonably needed for living.