The global economy is currently following the market system as the best way to conduct international economic relations, while everyone aware that the market system is like the jungle law where the strong eat the weak
It is not and it shouldn't be. Neoliberal gubernamentality does not take justice as a main value. It's reform will only depend on the interest confluency of hegemonical actors.
Mario Urueña-Sánchez With respect and appreciation of your point of view .. But do you agree with me that people can influence the market system through the weapon of the boycott, boycott of shares of sin, for example .
Dear Kt Hattab, that's a very interesting point of view. Maybe for me you are overestimating a little bit people's agency. But evidently the possibility you are mentioning is totally suitable.
The market system is fully fair only in the formula of ideal competition, i.e. in the theoretical model for which it is difficult to find a real example in the economic reality that surrounds us.
Regards
Dariusz Prokopowicz
The market system is fair if it operates in conditions of high, close to ideal market competition and all market participants apply the principles of business ethics and the principles of corporate social responsibility, there is no high information asymmetry among market participants, etc. Unfortunately, such situations are rare. Reforming the market is a complex process because in addition to improving the operation of individual market components, the issue of market awareness of the above issues is also important, and it undermines the principles of economic liberalism, i.e. the basic factor in the functioning of market structures in accordance with the fundamental assumptions of classical economics. On the other hand, in recent years, ideas have been emerging suggesting the need to reform market systems by adding the issue of implementing sustainable development principles.
Greetings,
Dariusz Prokopowicz
Marketing system is influencing by MNCs with various attractive schemes to crush local and traditional existing businesses. Better options to control this problem are
1. Encouraging local markets
2. Restricting MNCs to big cities only