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MarkGB 

"Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world" - Henry Kissinger

and yet...

"Sooner or later everyone sits down to a banquet of consequences" – Robert Louis Stevenson

Market economy...what market economy?

In response to an FT article by John Kay on 12th May 2015, entitled 'Good corporations should drive the economy'

http://www.ft.com/cms/s/0/06f681ca-f887-11e4-be00-00144feab7de.html#ixzz3a0hUwRTH

"The political and social legitimacy of the market economy, and of the corporations through which it functions, cannot simply be asserted — as it has been in the market-fundamentalist rhetoric that has dominated economic policy for the past three decades"

To avoid being rude, I think I must say that I live on a different planet to you Mr Kay. The one I live on has had its free markets perverted by 'bought and paid for' politicians, governments who buy votes with promises they can't keep, a monetary politburo known as 'the Fed', and a cabal of investment bankers who've turned the market into a casino.

We don't have market economics or capitalism on my planet Mr Kay - we have cronyism and socialism for the rich. On my planet I still hope for a truly free market economy, under the rule of law. This offers many of the benefits you are espousing, but with one difference - it isn't created by politicians, defined by control, and subject to the manipulation of elites; it is created by people, defined by freedom and subject to the rule of law.

The wisdom of Mario Draghi

Christine Lagarde takes the high ground - and misses the point