Dr Matthew Raphael Johnson continues his investigation into the myth of a ‘free market’.
This second and final broadcast more explicitly lists the assumptions in the “free market” model. None of those assumptions are true. “Deregulation” does not mean free competition, it means that the oligarchs who control an industry can then set prices and manipulate both the public and the state.
One horrific result of this was the 2008 Crisis, a watershed in American economics that paved the way for the Covid lockdowns. The economic and political realities in the US and EU are irrational, and such irrationality could not exist in a market system. It exists only under oligarchy.
Oligarchy is not a deviant form of free markets, but a revolutionary system in its own right. Until that is understood, more crises will continue to bankrupt entire continents.
Presented by Dr Matthew Raphael Johnson
The Orthodox Nationalist: The Political Economy of Oligarchy II – TON 050323
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