Alchemy, market exchange and the left.

The act of market exchange, to many,  if one looks at 'blue button; bidders and sellers on the Stock Exchange floor, it appears to looks like alchemy - that fraudulent promise to create value out of nothing,to change something worthless into something precious, as the alchemists claimed to transmute base metals into gold.

Granted their is avarice and greed on the right as there is on the left (Tony Blair and his 6 houses et al) human nature will prevail.Yet those on the left who do not or refuse to understand the complexities of economic transactions are essentially Luddites. Because they fail, as is their ideological obdurate way, to  recognize the genuine contributions entrepreneurs make to economic life by their ability to ferret out knowledge of market conditions and their willingness to take risks; 

 'Bash the bankers' is the latest UK leftist phenomenon. 

But there is nothing  new in this  and fear of the market place, has existed since antiquity. In many  parts of the world, market exchange has led many socialist thinkers,as well as the citizens who follows them,  to regard trade not only as distinct from material production, not only as chaotic and superfluous in itself.


In the UK (publicly owned) banks pay sporting stars such as Andy Murray a quite phenomenal money each in sponsorship deals. Yet this is never brought up by the left, as the hue and cry would be muted as the general 
public think it is laudable to pay sporting stars phenomenal sums. 


So the hue and cry from the left is a populist chase 'tally ho, after them, bash the bankers' that appeals to the many.and is cynical opportunism par excellence,



Affordable Tutoring Online with Skype. email: boscoredmond@hotmail.comEnglish, French, Spanish, Latin, Philosophy, Creative Writing,Essay Writing, Dramahttp://tutoringexcellence.blogspot.co.uk/

English lessons on Skype at: http://tutoringexcellence.blogspot.com/




http://tutoringexcellence.blogspot.com/