Sunday, April 28, 2024

Political power & the mythologies of economics

The theories of economics are not definite and provable like the rules of mathematics and physics—they are mythologies (lies and fiction) imagined by the “neo-priests of modernity”: the economists. Like the philosophical and theological arguments of metaphysics, ethics, aesthetics and religion, the theories of economics cannot be proved or disproved. 

As they cannot furnish the ultimate proof for their theories, the economists rely on political power to forcibly impose their ideas. The boundary between economics and politics is blurred, and every decision taken in the name of economics is a political decision. The true purpose of economics is to ensure that the political establishment has access to unlimited funds. 

The bureaucracy needed to impose a free market system is as large and coercive as the bureaucracy needed to impose a communist system. The bureaucracy in so-called capitalist countries is larger than that in any communist country. Even multinational corporations, which are regarded as the symbols of free markets, have huge bureaucracies. 

Like the political movements, the so-called free markets are impacted by the prejudices, fantasies, irrationalities and delusions of the ruling class and the masses. Without political power and a large bureaucracy to maintain order, the free markets cannot exist.

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