January 3, 2024

Market Rational forces Vs. Market Forces: Comparison.part two

Unfortunately in this prejudiced context the concept of non rational or mordern market theory and practice under control of market forces has made a mockery and massive rape of these fundamental tasks of price system.Then essence of price system is destroyed and market egalitarianism a core competence of marsolism pillaged abnittio as it were from the antiquity and beyond the period of Socrates utterances.The two types of post mordern market and mordern market vary enormously where the latter is driven by powerful buyers and powerful sellers who are able to regulate the market.This is justified when we infer that oliflation originated from such market inequality and caused by this league of powerful exploiters to state boldly that it is not because inflation is everywhere a monetary phenomenon as enthused by monetarists but because it is caused by this market oligarchs.Certainly market are not rational when it defies this logic of market egalitarianism as defeated by market neoliberalism.Hence modern inflation obtains it origin from the empirical logics of oliflation .This does not undermine the essence of market competition, although market egalitarianism ensures and effectively guarantees the use of price control system that barely work in a mordern market and refrain the market participants from maximizing its profits and not setting its prices though could grow its output.We share consensus that prices and quality grow where competition thrives but not to extent of quashing price control system that defines the umbilical framework of market egalitarianism where demand and supply as secondary stabilisers stabilises at market equilibrium.Do they understand what is market equilibrium? The notion of perfectly competitive market works perfectly in post modern market and attains market egalitarianism.Otherwise the fundamental tasks of price system maybe defeated if market forces persist first in the market rational forces the true invincible hands that Adam Smith hardly discovers in a society where inequality of wealth and mass poverty linger and not necessarily the challenge of the twin evils of inflation and unemployment.

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