"Professor Philip Mirowski author of Never Let a Serious Crisis Go to Waste: How Neoliberalism Survived the Financial Meltdown, explains the intellectual history of Neo-liberalism, what Neo-liberals believe, making capitalists think differently, the role of think tanks in Neo-liberalism, the mythology of market supremacy..."
1. Create a fog of confusion about a social policy issue, its sources, and its nature.2. Propose 'new markets' to fix the problems created by gaps or flaws in existing markets which are the language by which to define the public policy issue.3. Build the solution as a platform to encourage phony 'entrepreneurs' to come in and expand and embed the market solution, perspective and terminology into the social structure. Provide little to no regulatory oversight so that monopolies and predatory pricing policies protected by monopoly enrich a powerfully dominant few.
And there is nothing wrong with markets, and market based economies, if they are honest and transparent. But the market is soulless, and it is not an appropriate mechanism for deciding policy. The market is a tool, not a god. And if used wisely with the proper care it can perform price discovery and capital allocation well in the right hands. But like all things, it is in the abuse of the market and the distortion of priorities that even a tool can become an instrument of disorder and abuse.
Do you not know, that to whom you yield yourselves as servants to obey, his servants you become, whether of a corruption unto death, or of a righteousness unto life?