The Market – Adivine Angel (with a Nimbus) and Also a Devil (with Horns)

Velcho Stoyanov
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Velcho Stoyanov: University of National and World Economy, Sofia, Bulgaria

Ikonomiceski i Sotsialni Alternativi, 2014, issue 2, 129-151

Abstract: “The great social mechanism of civilization” – the market and its immanent instrument - the money has many thousand-years old history. However, it has achieved its excellence over the last centuries of the new, postmodern and modern time. Namely in that period of many centuries it has shown its controversial social role appearing itself as a divine angel for one part of the society (for part of the middle class and mainly for those who are above it) but for the other part (the ruining part of the middle class and all those who are underneath) it is like a devil with horns or Satan. Its satanic role has two major manifestations – the crisis including the so-called fundamental crisis which leads to a specific agony, chaos and new hell as also the unseen and permanently growing differentiation in social economic inequalities between the people. It is talked about a ratio of 1:99 (one to ninety nine). It is not occasionally that even the World Economic Forum of the elite in Davos denied the market – fundamental model and promoted the motto-appeal saying “New Age, New Capitalism!” which is a desire and expectation of almost all the people except of the oligarchical ruling class and largely the expert managerial elite which serves it.

Keywords: market; money; immanent instrument (search for similar items in EconPapers)
JEL-codes: A13 A14 B10 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2014:i:2:p:129-151

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