Marketism i.e. Market Economics and Governments


The Marketism is based on firm rule of law in business. environmental, consumer, labor, insurance, and intellectual property protection laws. the Governments under such conditions are obligated to implement and hold these Market Agents in order these markets to deleverage from the current system that give advantage to Big Business and Investors: thus causing increasing Inequality, stagnation, declining middle class, and global unrest to more fair competition with higher market security: thus prompting more business activity particularly through the Small to Medium Businesses and Investors. It is a change of priority and powers from the centuries ran trickle-down economics into a market run on a micro and macro levels such: a revolutionary change of the ways societies and markets i.e. economies work. Such changes have only become possible because of the ongoing Globalization, rising Productivity, Chinese Industrialization, and the Internet: factors unknown in the Past that prompted global, exogenous to most markets i.e. economies, forces of industrial overproduction. The Capitalism which is based on such industrial production could not manage these new developing overproduction forces: rising inequality, falling standards of leaving for developed economies and not improving such for the developing economies, and ongoing Earth pollution have invoked from the Capitalism inadequateness that brought back the excessive forces of nationalism, bigotry, chauvinism, religious fundamentalism and finally global unrest: wars, refugees, instability.

The usage of old vehicles,  primitive heating devises, the poverty driven world continues polluting, cutting and burning woods, disposing garbage elsewhere are the main sources of environmental pollution; therefore, to save Earth from destruction elimination of poverty and imposition of environmental protection laws are necessary and paramount.

The Marketism uses market forces on Microeconomic level to boost business activities globally; it is not a Budgetary approach, as all historical systems have been, but connected to Inflation/Deflation variedness whereas Budgets and Investment are raised to an open level to free flowing capital more like the current Stock Exchanges are: with the risk comes the reward; so, it is not any governmental role to protect or control these capital flows – the general rule of law in business incl financing should do the job; for an example: if someone fraudulently breaks the laws elsewhere in the participating markets, he or she will fall under the justice system; the common laws, or personal laws in their current meaning will apply to business laws as well; even though bankruptcy, insurance, and bonding will limit some liability causal of market forces when personal fault is proven no exception to the rule of law should apply. Corporation’s managers or investors, large or small, should have the same liability to the law.

 Such market driven system of business will raise market security thus lowering risk for borrowing or insurance coverage thus taking business (financing incl) to some new hights. The governments are not to interfere into business or financing disputes nationally or globally.

 Now, the so called ‘invisible Hand’ by the governments becomes very important under these new condition because the markets and investment may not be sufficient to steer enough business activities, and also the Market Tools used differ for individual markets (for example more socialized markets may need less social expenses to boost such business activities than less socialized): an ‘as it comes; as it goes’ Market Economics targets very low unemployment through high business activities under limited Inflation/Deflation by using the Market Tools in any flexible way possible. The Market Tools are FDI, Subsidies, Prevailing Wages, Social incl Educational and Infrastructural Expenses, Quantitative Easing, Market Leaps. The ‘means justify the deeds’ as long the Market Agents are mandatory.

What the Marketism does is taking the level of self-adjusting from Macro to Micro  Economic; thus, on a Microeconomic level the markets i.e. economies must self-adjust while on a Macroeconomic the system of using Market Tools as Parameters must persist to prevent from recessions/depressions. The Nash Equilibrium should be used on Macro Level indiscriminately meaning not politically motivated approach. The Central Banks should use any possible way to prevent upheaval! Example is the ways Chinese Central Bank avoided the Real Estate bust by imposing limits on second mortgages and asking for high LTV on the first.

 The WTO, WB, IMF must be the frontrunners for opening global markets through implementing the Market Agents and then providing the sufficient capital plus the FDI to succeed accelerated Market Development in all markets. Educational programs, apprenticeships, prevailing wages, maybe necessary to setup and boost  business activities.

Joshua Konov, 2016

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About Joshua Ioji Konov
email joshua.konov@gmail.com twitter joshuak2077

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