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Dissatisfaction from Ultraliberal Market

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  • Velcho Stoyanov

Abstract

Real socialism has disintegrated by itself, but the dominating super-market capitalism, even libertarian capitalism is also disappointing and dissatisfactory due to two reasons – first, because it gives rise to enormous inequalities, enabling up to 1% of the richest people on the planet to control 95% of the resources; and second, because the market is adequate to the material-body-biological-instinct human nature, but it is incompatible and even hostile to the spiritual human nature, by "barbarizing" and "zoologyzing" him. In order to save man, the neoliberal-libertarian paradigm should be corrected via the "middle (noble) way", to Keynes and the Keynesians, to the Aristotelian "Golden Mean"

Suggested Citation

  • Velcho Stoyanov, 2012. "Dissatisfaction from Ultraliberal Market," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 95-115.
  • Handle: RePEc:bas:econth:y:2012:i:3:p:95-115
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    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • F02 - International Economics - - General - - - International Economic Order and Integration

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