[P2P-F] self-regulating markets

Mon Jun 20 21:31:58 CEST 2011

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 <samuel.rose at gmail.com>

> On Mon, Jun 20, 2011 at 3:18 AM, Michel Bauwens <michelsub2004 at gmail.com>
> 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?
>
> --
> --
> Sam Rose
> Hollymead Capital Partners, LLC
> Cel: +1-(517)-974-6451
> email: samuel.rose at gmail.com
> http://hollymeadcapital.com
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>
> "The universe is not required to be in perfect harmony with human
> ambition." - Carl Sagan
>
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