The free market is a lie - simples!

The following is from the Guardian newspaper 15/5/14

Carphone Warehouse and Dixons have agreed a £3.8bn merger to create an electricals retail giant with 3,000 stores and sales of almost £12bn.
The new company, called Dixons Carphone, will bring the household names Currys, PC World and Carphone Warehouse under one umbrella. Dixons and Carphone shareholders will each own 50% of the combined group under the deal.

I have repeatedly tried to show how the free market economic model we are dominated by in this country is a fraud and the above news shows us how. A free market economy is founded on competition and that news shows us the way in which competition is disappearing in this country. There was a time when Curry's were in competition with PC World. There was a time when PC World, Curry's and Dixons were in competition with each other. There is almost no competition left in this so-called market. I have said before in this blog, the notion that the free market leads to greater competition is a lie, what the free market does is create monopolies.

The free market as outlined by Adam Smith was based on thousands of producers of goods of all kinds competing for millions of customers. This kind of competition led, in theory, to greater quality, lower prices, and choice for the consumer. I say in theory, because Smith's writings were for a particular period in history when such a scenario was possible. In addition, the market was never free it was regulated, in Smith's writings it is regulated by self-interest and by the natural human proclivity for sympathy. If the human being would not self-regulate then Smith was quite clear that it would be imposed externally. In Smith's economic world there would be no place for monopoly, an activity Smith likened to gangsterism.

The major economic problem with modern Britain is its lack of regulation. If you truly desire a free market economy you must regulate to prevent such monopolisation of economic activity. As a result, the Anglo-American notion of the free market is dangerous and is not desirable, regardless of what our Westminster criminals tell you. The human being is a social being and therefore his/her existence is an interactive and interdependent existence. No human activity that impacts on other people should be regarded as being beyond regulation. That is particularly true of economic behaviour. All economic behaviour takes place within a particular social and political framework and therefore impacts on both the social and the political. As a result, all economic behaviour should be subject to regulation where necessary. That was the cause of the financial crash, a refusal by incompetent and ignorant politicians to regulate what are called the financial markets, but what are in reality not markets at all, but casinos. I call them incompetent and ignorant when I actually suspect that they are criminal and are motivated to transfer as much wealth as possible into their pockets and the pockets of all their mates at everyone else's expense. Can anyone tell me with a straight face that they genuinely believe that anyone in the Tory and Labour Parties give a toss about the people in this country? 

History will eventually record Margaret Thatcher as one of the biggest disasters ever to be inflicted on the British people. Her children, Major, Blair and Brown, will eventually be judged as clowns, but very dangerous clowns. They are economic incompetents, that is beyond dispute, and I am here giving them the benefit of doubt because if they were not incompetent and knew what they were doing then they were truly dangerous and sinister. Britain will never recover or begin to resemble a civilised society until the dominant economic model is abandoned and the greed it encourages is restrained and regulated. This of course cannot happen until we purge Westminster of its present domination by the gang of cretins who hold office and make the Sopranos look like a charity. In our system of zero-hours contracts, of low wages that require working people to use foodbanks, of poverty and rampant inequality, I leave you with a quote from Adam Smith in The Wealth of Nations. If our society operates a free market that takes its inspiration from Smith's writings, how do our economic geniuses reconcile their policies with a man who writes the following  

The liberal reward of labour, as it encourages the propagation, so it increases the industry of the common people. The wages of labour are the encouragement of industry, which, like every other human quality, improves in proportion to the encouragement it receives. A plentiful subsistence increases the bodily strength of the labourer, and the comfortable hope of bettering his condition, and of ending his days, perhaps, in ease and plenty, animates him to exert that strength to the utmost. Where wages are high, accordingly, we shall always find the workmen more active, diligent, and expeditious, than where they are low

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Doktor Kommirat