X-Nico

3 unusual facts about Market abolitionism


Market abolitionism

"Contemporary" mutualists like Kevin Carson (as opposed to "classical" mutualists such Pierre-Joseph Proudhon) advocate a form of mutualism termed "Free Market Socialism" (which is not the same as Market Socialism) as an alternative to both Capitalism and State Socialism, noting that a decentralized system can be self-regulating.

Market abolitionists argue that markets are morally abhorrent, antisocial and ultimately incompatible with human and environmental survival and that if left unchecked the market will annihilate both.

Economists such as Milton Friedman, Friedrich Hayek and Brink Lindsey argue that if the market is eliminated along with property, prices, and wages, then the mode of information transmission is eliminated and what will result is a highly inefficient system for transmitting the value, supply, demand, of goods, services, resources, along with an elimination of the most efficient mode of market transactions.



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