I think by self-regulated he means that the government doesnt regulate the markets. He goes on to show that self-regulation is in fact regulation by few corporations, thus the free market is only a myth. He then goes to explain why free market proponents have promoted the idea that the state job is only that of 'punishing' those who do not abide by the rules, and have withheld the true nature of the economy. That is what i understood by reading the synopsis. 2011/6/20 Samuel Rose <[email protected]>
On Mon, Jun 20, 2011 at 3:18 AM, Michel Bauwens <[email protected]> wrote:
a recent book on the myth of free self-regulating markets, from the University of Chicago of all places:
basic thesis: self-regulation is always done for the benefit of the few ...
but the larger question is: have their ever been, apart from illegal markets, self-regulated markets? nearly all market activities are incredibly embedded in institutional regulations, norms, etc ..
if indeed self-regulated markets are few and far between, then the question is more: what kind of regulations, and who produces and controls the regulations and the regulators,
Can you talk some more about what you mean exactly by "self-regulating"? How do I identify a "self-regulated" market?
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