RAJ PATEL ~ THE VALUE OF NOTHING ~ 2009

~ TPOSDMIVAA ~ The Price Of Something Doesn’t Measure Its Value At All

~ TMSKB-IARRAOF-AITAGDOIAPW ~ That Markets Should Know Best – Is A Relatively Recent Article Of Faith – And It Took A Great Deal Of Ideological And Political Work

~ TPW-TEMH-IT-IDW ~ The Problem With – The Efficient Markets Hypothesis – Is That – It Doesn’t Work

~ D-AEE-TS-IWF-TIOEMRRTG ~ Despite – Ample Economic Evidence – To Suggest – It Was False – The Idea Of Efficient Markets Ran Riot Through Governments

~ TRO-‘FM’-CA-TAAMAA ~ The Rhetoric Of – “Free Markets” – Camouflages Activities – That Aren’t About Markets At All

~ ACWDSBWT-TSBWSATG-IAI ~ Anyone Concerned With Democracy Should Be Worried That – The Seam Between Wall Street And The Government – Is Almost Invisible

~ THOS-SNOTTSOTAIMCC-BA-TDEWBIMCBR-IOW-TINNABASTFPAAMTDTV ~ The History Of Slavery – Shows Not Only That The Set Of Things Allowed Into Markets Can Change – But Also – That Decrees Establishing What Belong In Markets Can Be Revoked – In Other Words – There Is Nothing Natural About Buying And Selling Things For Profit And Allowing Markets To Determine Their Value

~ BCCBBAS-THTB-OTPTCBBOS-MOTTTWBASWACITWWUTT ~ Before Commodities Can Be Bought And Sold – They Have To Become Objects That People Think Can Be Bought Or Sold – Most Of The Things That We Buy And Sell Weren’t Always Commodities In The Way We Understand Them Today

~ TMHADOS-TLOLFANASB ~ The Market Has Always Depended On Society – The Logic Of Laissez-Faire Always Needs A Social Base

~ HC-DO-EE-ETWLEITD ~ Human Civilization – Depends On – Earth’s Ecology – Even Though We’re Literally Exploiting It To Death

~ T-PQFEG-HT-H-I-AAOE-T-TSUOTESTKOEA ~ The – Perpetual Quest For Economic Growth – Has Turned – Humankind – Into – An Agent Of Extinction – Through – The Systematic Undervaluing Of The Ecosystemic Services That Keep Our Earth Alive

~ CEG-H-UIFTW-AHB-I-W-IHB-ABG ~ Current Economic Growth – Has – Uncoupled Itself From The World – And – Has Become – Irrelevant – Worse – It Has Become – A Blind Guide

~ STWTMHGUIT ~ Seeing The World Through Markets Has Got Us In Trouble

~ SFHBAM-C-C-BUTTDCBUADOPC ~ Seeing Fellow Human Beings As Mere – Co-Consumers – Blinds Us To The Deeper Connections Between Us – And – Distorts Our Political Choices

~ IIPITTTTBWFSTFITLMSP-AT-TBWFMTFIWMI ~ It Is Pure Ideology To Think That The Best Way For Society To Function Is To Let Markets Seek Profit – And That – The Best Way For Markets To Function Is With Minimal Interference

~ TTOWMOASBTP-OTITHLTH ~ The Terms On Which Markets Operate Are Set By The Powerful – Our Tragedy Is To Have Let This Happen

~ TBOTFMRAGDOV-PFB ~ The Birth Of The Free Market Required A Great Deal Of Violence – People Fought Back

~ GIACOHE ~ Gratitude Isn’t A Characteristic Of Homo Economicus

~ ‘IA’ ~ “Inequity Aversion”

~ PWBIASFBGAH ~ Psychological Well-Being – Is A Source For Both – Generosity And Happiness

~ T-OB-FNASTPE-IWPT-‘F’-I-FM ~ This – Ongoing Bailout – From Nature And Society To Private Enterprise – Is What Puts The – “Free” – In – Free Market

~ ‘E’-TC-TSSTTNO-P ~ “Externalities” – The Costs – That Somehow Slip Through The Net Of – Prices

~ AF-T-REC-IA-TB-B-WDNKETL-TECOWTCMBTFG-O-TI-CSOAMS-A-TNFMCTLLTAS ~ Accounting For – The – Real Environmental Costs – Is A – Tricky Business – Because – We Do Not Know Either The Long-Term Environmental Consequences Or What The Cost Might Be To Future Generations – Otherwise – This Is – Corporate Subsidy On A Massive Scale – And – There’s Nothing Free Marketers Claim To Like Less Than A Subsidy

~ CC-HYTPTICOWTKOS ~ Corporate Capitalism – Has Yet To Prove That It Can Operate Without These Kinds Of Subsidies

~ TR-W-RMTMB:IALPO:C-R/F/C/H/E/S/D-A-TCOT-A-P-TMFM-W-TMTO-WWITH ~ To Reproduce – Workers – Requires More Than Making Babies: It’s A Long Process Of: Child-Rearing / Feeding / Clothing / Housing / Educating / Socializing / Disciplining – And – The Costs Of This – Are – Perhaps – The Most Fundamental Misvaluation – Worldwide – The Market’s Treatment Of – Women’s Work In The Home

~ TTIOTWSDGTWOINA ~ That The Interests Of The Wealthy Should Dominate Governments The World Over Is No Accident

~ WDTP ~ We’re Destroying The Planet

~ GAC-AS-E-F-F-A-AL-B-A-T-IP-OTL-AIO-MIFTCG-O-B-TIPSDC ~ Governments And Corporations – Are Still – Enclosing – Forests – Fisheries – And – Agricultural Land – Because – Allegedly – The – Indigenous People – On The Land – Are Incapable Of – Managing It For The Common Good – Or – Because – The Indigenous People Simply Don’t Count

~ CSABSITTFC-TBD ~ Commons Systems Aren’t Being Supported In The Twenty-First Century – They’re Being Dismantled

~ T-WLFP-ADT-TA-TCTBWF ~ The – World’s Least Free People – Are Discovering That – They Are – The Change They’ve Been Waiting For

~ U-C-M-I-TRTHR ~ Under – Capitalism – Money– Is – The Right To Have Rights

~ TEOP ~ The Empire Of Prices

~ TMDFCTTWCAT ~ The Market Delivers Few Choices To Those Who Cannot Afford Them

~ ATO-TAWO-GR-ISB-A-CA-RT-A-PO ~ All Too Often – The Abundant Will Of – Government Representatives – Is Shaped By – A – Corporate Agenda – Rather Than – A – Popular One

~ EIAC-B-INSWGTMT ~ Economics Is About Choices – But – It’s Never Said Who Gets To Make Them

~ OA ~ Owning Air

~ C-N-RAR-A-TOTHMEAOTTMOPHHAHID ~ Commons – Need – Rules And Regulations – And – The Ones That Have Most Effect Are Ones That The Majority Of People Have Had A Hand In Devising

~ TM-EWN-A-SAN-CAS-PBTI ~ The Market – Exists Within Nature – And – Society And Nature – Can And Should – Provide Boundaries To It

~ WBTTE-NTOWA ~ We Belong To The Earth – Not The Other Way Around

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