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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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