In my opinion, there is another reason why markets never had such an importance as the one which is given them today : from a macroeconomic point of vue, markets are only a second order mediation. In the National Accounts, markets appear only, and as a result, under the foreign trade balance column. So has it been for thousands of years, since the first sumerian economic counties. The matter is, that so called "Market Economy" never existed and can't ever exist. It's only an ideology. Even OECD, deeply involved in that propaganda, works on a predictive model without considering the markets parameters (it remains only a global businessmen opinion survey concerning their orders book). There is no relationship at all, between the financial markets vibrations and the real economy fluctuations. "Labour market" does not exist : the choice, in any case, is between Labour Right and Slavely Right (which is coming back in Anglo-Saxon countries). Market competition and business war were always a transitory state, never a steady one. The present persistent relative overproduction, which keeps alive the illusion, is only due to monetarist policies. "Market Economy" is to don't say "Profit Economy"... Dear friends, in that days preceeding the 14th july, allow me to launch Voltaire's laugh in faces of Mr Stanley Hoffman, "great american expert of french policy" in Harvard, and of still more virulent detractors of french people, who can't bear that these latter refuse to consider privatisations, monetarism, jungle freedom and market values as modern ideas, refuse to follow that depressing Panglosses on the way of jeopardizing Civilization and reverting to the wild. Salut et fraternite R.K.
