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Date:
Fri Mar 31 17:18:57 2006
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[log in to unmask] (Romain Kroes)
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----------------- HES POSTING ----------------- 
At macroeconomic level, what does the market regulate? If the whole supply 
meets the whole demand, regulation is already completed in the sphere of 
production and, upstream, by investment. But the whole supply, or more 
exactly productive capacity, does not meet a matching demand. This is the 
reason why we are witnessing a fierce market competition at a macroeconomic 
scale. Now, the question is: why does it remain a resulting overproduction 
or overcapacity of production (and therefore something to be regulated by 
the market), while every firm does its best at reducing its costs and 
producing quantities in accordance with market inquiries? 
 
This paradox shows that the expression "market economy" does not refer to a 
normal stable reality, but to a disease. In all probability : the financial 
crisis that undermines the occidental World System, despite some remissions, 
since the sixties. Someone wrote: "it has been the Soviet Union, but now?". 
Now? People's fate, in former soviet empire, is much worse than twenty 
years ago. And this, for having swaped an utopia for another. 
 
Romain Kroës 
 
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