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xchrom

(108,903 posts)
Tue Mar 6, 2012, 08:23 AM Mar 2012

Beyond the free market

http://news.salon.com/2012/03/04/beyond_the_free_market/

The 2012 presidential campaign is shaping up into a clash of economic visions. In response to the escalating GOP criticisms of his fiscal policies, Barack Obama has recently dialed up his own rhetoric, defending programs from financial reform to the auto bailout and the stimulus, and castigating conservatives for their “you’re-on-your-own” economics. In this conservative vision, markets are seen as the best guarantors of freedom, and the most effective means of organizing society. State interference is deemed corrupt, ineffective and a threat to personal freedom. This framework has driven successive conservative attacks on financial reform, workers’ rights and efforts to expand the social safety net.

But as the earlier essays in this series have shown, this right-wing view has also influenced progressive policies. In recent years, progressives have been more inclined to support privatization of state functions like prison management, to view equal opportunity in terms of a market-competition for increasingly scarce jobs, underinvesting in worker rights, and using a rhetoric overly friendly to financial interests. If progressives want to affect substantive change these areas, they need to do more than come up with policy ideas. They need to reclaim the language of freedom.

Despite conservative rhetoric to the contrary, freedom is more than individual freedom from state interference, or the freedom to transact on the market. Throughout history, successful progressive reformers have espoused a much more robust view of freedom: one that combats not only the arbitrary power of the state, but also the threats posed by powerful private actors like big corporations, and by the inequities and insecurities caused by market fluctuations. In this vision, the government is not an obstacle to freedom that must be dismantled; rather it is a vital tool that can help expand individual freedom against the dangers posed by big private interests or economic insecurity. This progressive view of freedom is also a deeply democratic one: We are free when we can act as politically empowered citizens, holding government accountable, and pushing the state to create a more just economy.

This progressive view of freedom was most clearly articulated by a disparate set of reformers around the turn of the 20th century. Their world was shaped by the nation’s radical transformation in the wake of the Industrial Revolution. The stunning growth of corporations created powerful new companies like the Standard Oil Trust and financial giants like J.P. Morgan. Meanwhile increasing urbanization, poverty and social displacement combined with recurring boom and bust economic cycles to create a new level of economic insecurity.
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Beyond the free market (Original Post) xchrom Mar 2012 OP
Pretty boilerplate abstract Harvard-style rhetoric. ellisonz Mar 2012 #1

ellisonz

(27,739 posts)
1. Pretty boilerplate abstract Harvard-style rhetoric.
Tue Mar 6, 2012, 06:24 PM
Mar 2012
"Instead, freedom was achieved when citizens were able to live meaningful lives."

What is a meaningful life? He doesn't get that this goes beyond "public policies that would protect individuals from extreme insecurity and exploitation." The issue is not public policy, the issue is spiritual, about how we allow ourselves to produce our own exploiters, or why so many accept this. If what freedom was being conceived is was so obvious, we wouldn't be struggling with the opposition in regards to the basic question of individual responsibility. I would argue that we do indeed need a "spiritual insurrection" against not just economic exploitation, but rather the exploitation of the soul in conditioning exploitation, otherwise there will be no change at all. People have to want to stop exploitation for its own sake, and start wanting something better. The question has always been, and remains one of morality and not economics/politics; we as a nation must ask what world we are prepared to accept.

I make no pretension to patriotism. So long as my voice can be heard on this or the other side of the Atlantic, I will hold up America to the lightning scorn of moral indignation. In doing this, I shall feel myself discharging the duty of a true patriot; for he is a lover of his country who rebukes and does not excuse its sins. It is righteousness that exalteth a nation while sin is a reproach to any people.

Frederick Douglass, Speech, "Love of God, Love of Man, Love of Country," 1847.
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