Phylosophy of the Globalizing Market Economics verses

Capitalism « Philosophy of Market Economics

Marketism verses Capitalism ©

With the Globalization and Intellectualization of the

Market the "Trickle down" Economics of Capitalism cannot
provide functional system for long term economic
development; by shady business practices promoting
mostly big businesses, by ideologically motivated system
for wealth distribution and by inadequate Fiscal and
Monetary policies: Capitalistic Economies could not develop
properly to expand and envelope Globally. Social
Structures of the Capitalism which are well established and
supported by ideologies and governments could not reflect
properly to the possibilities of the globalizing markets:
when these capitalistic structures historically have given
the best and most prosperous tools of Economics and have
established the most prosperous economies of USA and
Japan in the new conditions are very short of
sustainability. The Global Market is to be mainly
consumption (Demand) so the Capitalism which is founded
on Supply does not provide the needed security for
enhanced Monetary and Fiscal policies to carry on such
possible Global expansion and the ideologically motivated
"Trickle down" deregulated Economics and Social policies
does not provide needed economic flexibility to carry on an
appropriate balancing of "Demand to Supply" ratios; Karl
Marx's philosophy of classes' confrontation, cyclical
dialectic development and scarce resources Economics of
the Capitalism may work well in an underdeveloped World
limited technologically and politically but it has no chance
in the new age of communications, rapid technological
advances and open borders Global market, therefor instead
of cyclically advancing Capitalism a more pragmatical
Economics of balancing "Demand to Supply" Marketism
will work much better by enhancing business activities
around the World through direct investment and higher
security by business regulations and social policies which
will expand Monetary and Fiscal reserves.
Karl Marx - A big hit with capitalists
Faced with a crisis of labour due to abolition of slavery, Europe (specially England)
started looking at alternatives for a new economic model. They selected a fugitive
theorist, whose theories were creating interest in mainland Europe. Karl Marx. Fearing
unrest, some European countries exiled Marx. However, Marx was popular with capitalists
and in capitalist nations of Europe - and in the USA.
Communism
Communism awarded a monopoly over slavery to one employer – the State. Single
employer, total monopoly (on labour, political power, economic resources), impress the
slaves with the glory and future – were the elements of the new political system that
Europe devised. This was the only Western ideology that was born out of design. With
the demise of slave trafficking, 1832 in Britain; slavery re-introduced in 1802 by France)
Europe was concerned about labour and industry.
France, Brussels, Britain etc. took the lead and provided patronage to Karl Marx and
Frederick Engels to devise another system – an alternate to slavery. In the next few
years, their publications found eager publishers and sold well. Their books, Economic and
Philosophical Manuscripts of 1844, The Communist Manifesto (published in) 1848 laid the
basis for an alternative to capitalism. Marx and Engels received significant royalties from
the sale of their books – and could survive on earnings from their writing careers.
Obviously, Communism could not be ‘sold’ to the designated victims, that they were the
new slaves. It had to be ‘bought’ willingly by the ‘target audience’ as yet another ‘level of
freedom’. Slavery sold as a promise of freedom – You have nothing to lose but your
chains.

Economics must be a science of parameters in a quantum

economics dispersing and enhancing energies of
Marketism instead of a classical philosophical system of
cyclical dialectic development of Capitalism.

Some of the differences between Marketism and Capitalism

are:

Marketism
Capitalism

Based purely on Demand to Trickle down Economics:

Supply Economics balancing: ideologically and politically
no ideological and political motivated
involvement
Totally regulated business
Mostly deregulated business
and investment activities:
and investment activities:
business laws more like
regulated by Governments
common laws:
Market structures to promote Social structures promote big
medium to small businesses businesses and investors
and investors
Expanded Fiscal and Tight Fiscal and Monetary
Monetary quantities: equity quantities: cash based
based accounting accounting
Educational, Infrastructural,
Educational, Infrastructural,
Medical and Social expenses
Medical and Social expenses
more like cash based
more like short term equities
expenses: ideologically
to balance other business
distributed
Individual countries and
Global market plays under
economic blocks markets
common rules
have different rules
GNP include Farming,
Industrial production, as GNP include Farming and
income plus return on Industrial production as
Investment and short term income
equities
Tools of Economics are used
Tools of Economics are used
indiscriminately to prevent
politically and ideologically
Demand to Supply dis-
motivated.
balances
Intellectual property over Physical property over
physical property intellectual property

Marketism Economics is a very sensitive to fluctuations so

different tools of Economics must be promptly used to
balance "Demand to Supply" ratios: Interest rates will be
used in much less then historically variances; Fiscal and
Monetary policies will reflect %% of total GNP and will
expand or contract appropriately following market
fluctuations;
© Joshua Konov, 2009