The presence of the market in some form in all societies and civilisations is often cited as a justification for its dominance in our time. What the apologists for market supremacy rarely acknowledge is that at earlier times, and in other places, the market was embedded in cultures, and served ends other than itself.

The market now occupies a place similar to that of the Church in the Middle Ages. All-pervasive and ubiquitous, its commandments are known to all. Every day is a day of judgement, in which the profitable quick are separated from the loss-making dead. It condemns to perdition everything ...


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