If only we could…

…[take] the human being out of the market entirely, then we should have a proper, effective and efficient market…?
So might go the refrain of Neo-liberal economics, or at least a slightly different take on the Neo-liberal ideal of ‘every interaction should be a market transaction‘.

inspiration

That Neo-liberal economic refrain is part of the inspiration behind the creation of the ‘Soul of the Market’ or rather theMarketSoul and this site.
With this last post of 2013, we thought a bit of reflection and a reminder of our inspiration and founding philosophy might be in order.
In order for a market to be effective, there has to be a few ripples in the ebbs and flows of the transactions and interactions making up the market processes.  Therefore, we have to be able to tolerate human frailties and flaws, or else the market becomes too mechanistic and dare we say it preordained.  This can naturally not be an effective outcome for any market.  Human failings and market failure are two sides of the same coin.  However, we should work together in order to limit the inevitable damage and negative consequences of both human and market failure.  This does not necessarily translate into more regulation, might we add at this juncture.
Let us never forget this and celebrate process frailty, failure, learn to develop and embrace tolerance, persistence and perseverance; basic elements of human nature
We should never forget our inspiration, put it to aspiration and strive to achieve our own unique and specific dreams.
Human Nature / Logo
Human Nature / Logo (Photo credit: Ars Electronica)
Go, Inspire, Aspire and Achieve…
theMarketSoul ©2013
Our final word of 2013 is:

CONSOLIDATION

‘Biological’ Language

It is political party conference season in the UK. The last of the major three party’s conferences kicked-off yesterday, namely the Conservative Party Conference in Manchester.

However, we want to focus on a little snippet from last week’s Labour Party conference.

In the Labour Party leader’s (Ed Miliband) speech, he attacked ‘neoliberalism’, which in itself is not a bad thing; because the extension of the neoliberal idea, namely that ‘every interaction should be a market transaction’, has also been criticised by this publication and inspired the ‘Soul’ part of our name (theMarketSoul). Hence, we believe that there are behavioural (human and natural interaction) factors that cannot be removed and reduced to mere Market Transactions.

What we want to pick up on in today’s commentary is Ed’s use of language. He referred to ‘predators’ and Asset-strippers as the bad side of capitalism.

Personally we have no problem with predator behaviour, because this is in itself a natural phenomenon, and plays itself out countless times in the cycle and chain of life every day. If not, there would be an imbalance in nature itself. So utilising ‘natural language’ and phenomenon is good.

We do take umbrage at the ‘Asset-stripping’ tag, though. This is the ‘engineering’ and ‘clumsy’ language usage that disturbs us. We look towards language and metaphors that express nature, ecosystems and balance more precisely. Therefore, Ed, do call them predators and don’t mind what the main stream press and ‘Asset-strippers’ make of it. After all; it takes a lot to offend a lion, doesn’t it, or not?

[We picked up this article ‘Good Capitalism Does Exist’ written by Will Hutton, in the Guardian on 3 October 2011]

theMarketSoul ©2011

Evolution…or devolution?