One way to chart
the nature of the Market is simply by defining all the terms that pertain
to it. I have begun this process below. All of these terms are used
in Is the American Dream Killing You? and further developed
there. But even if you have not read the book, this list is a very quick
way to grasp the full scope of market philosophy, and the magnitude
of the Market itself. If you have a term to add, please send me an email.
The Market:
1) the active economic principle 2) the governing power arising naturally
from free trade 3) the economic system as an independent whole
market(place): a virtual or physical location in which
traders exchange goods
free market: a market in which all individuals are
free to participate, and the Market is free to govern. Also called the
unbridled, untrammeled, or unfettered market.
market economy: an economy managed by the Market. Also
called a market system.
capitalism: 1) the economic philosophy arising from
the principle of me vs. you; 2) the natural philosophy of the material
world.
market mechanism: the feedback loop between traders
and the Market
market paradigm: the summation of all the ways in which
the Market manifests itself in society (market principles, market values,
market forces, etc.)
market principles: the principles upon which the market
economy operates, e.g. competition
market forces: forces created by the Market within
the economic system, e.g. supply and demand
market value: economic value assessed by the Market
market price: the price of a commodity
material assembly line: the stages involved in the
production of market value: scientific research, technology development,
manufacturing, distribution.
the Bubble: the alternate reality created by commercial
media.
market pressures: the psychological pressures created
by the Market, including:
social
pressure: pressure to move up in the market hierarchy
survival pressure: pressure that arises from running
out of money
time pressure: pressure to do more in the same amount
of time or less
competitive pressure: pressure from others seeking
to win at your expense
economic pressure: direct financial pressure, e.g.
a mortgage
environmental pressure: pressure generated by the speed,
complexity, and congestion of the market environment
market stress: the human response to market pressures
marketism: bias toward the Market
the Market Code: the antithesis of morality, in which
Good is Profit
Truth is Effectiveness
Beauty is Efficiency
Love is Performance
(e.g. performing on a contract)
Courage is Selfishness
Justice is Power
Meaning is Money
market people: people who live by the Market Code
market hierarchy: a social hierarchy based primarily
on net worth
market values: individual values that serve productive
ends (not to be confused with market value)
market status:
one’s place in the market hierarchy
money:
as the means of increasing one’s status
material possessions:
as the means of demonstrating one’s status
power:
in order to command the means of production
market character: the antithetical nature of market
people—amoral, aspiritual, acultural—that serves their market
values
vanity:
inflated sense of self; reinforces market hierarchy
greed:
unlimited desire for money; provides motivation
aggressiveness:
pushing to make things happen; drives productivity
selfishness:
self-interest at the expense of moral principle; flattens the person
into a trader
disloyalty:
breaking of human bonds; furthers atomization for efficiency
market feminism: feminism that primarily serves a productive
end
marketsexual: an individual whose gender identification
has been confused by the Bubble
market culture: a culture whose content is defined
by whatever sells (i.e. it is acultural)
market conservative: a political conservative who prioritizes
the productive over the good
market liberal: a political liberal who prioritizes
the productive over the good
market correctness: social pressure not to make a moral
judgment
marketocracy: a political democracy controlled by the
Market
pro-con: the Market’s one-sided view of a human
being: a producer and consumer in one
market vortex: an upward spiral of social pressure
to produce and consume
market society: a society in the service of the Market
market environment: the entire external environment
created by the Market
market temperature: the perceived intensity of the
market environment
marketecture: architecture built exclusively to maximize
profit
marketscape: a landscape shaped by the Market
the Market’s veil: the Market’s ability
to blind people to any reality beyond the economy
market fundamentalism: the idea that free market theory
is scripture
market idolatry: the idea that the Market is God
Market America: the element of American society in
the service of the Market
market dynamics: the action of the Market on society,
including:
inversion: a change in the orientation of society from
interior to exterior, or vice versa.
externalization: a negative inversion: the collapse
of the interior, moral side of society, or one of its elements, and
the simultaneous inflation of the productive, economic side.
market selection: the Market’s ability to promote
or demote, to the point of eradication, all aspects of society, primarily
via the market price. The economic version of natural selection.
atomization: the breakdown of society into its smallest
constituent parts in order to make it mor efficient
marketization: the conversion of society, or any of
its elements, to the market paradigm
commodification: the transformation of the natural
world into commodities
quantification: a by-product of commodification, whereby
the market price quantifies reality
the Market Curve: the relationship between the power
of the Market and its benefit to society
undermarket: the spectrum of the Market Curve where
the Market is too weak to maximize its benefit to society
hypermarket: the spectrum of the Market Curve where
the Market is too strong to maximize its benefit to society
the anti-Market: the power that moderates the Market
market philosophy: the complete description of the
external side of society, including all of the above definitions.