The Gospel Of Saint Market

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Shortish post today, but wanted to share this.

Lots of people have spoken of global capitalism as a religion. In light of my recent post describing the “beast” of Revelation as global capitalism, whom the whole world worships with a mark etc., I wanted to offer a concise breakdown of global capitalism to demonstrate its religiosity. Nowhere could I find, and certainly I could not cook up, a better capitalist creed than that offered by John McMurtry.

McMurtry, PhD, FRSC, is Professor Emeritus of Philosophy at the University of Guelph, Canada. He is author of the book The Cancer Stage of Capitalismamong others.

The following is taken from a talk he gave at the International Citizens’ Inquiry Into 9/11, Toronto, May 30, 2004, titled Why the Facts of 9/11 Are Suppressed. This lecture by McMurtry still stands, in my opinion, as the most devastating critique of 9/11 denial out there. In context, McMurtry presents this capitalist “statement of faith” as the most occult thing hidden by 9/11 — prior to 9/11, popular sentiment around the world was tipping the balance of power away from globalization and toward democratic national sovereignty. After 9/11, this state of affairs was completely reversed and global disaster capital ramped up its planetary devouring.

McMurtry:

We need to keep in mind here that is was one month before 9/11 that the greatest international demonstration ever against the global market system occurred, with NATO war planes flying overhead in Genoa, and police beating masses of demonstrators while they slept on false pretext of terrorists amongst them. 9/11 reversed the historical tide forming against the global corporate system — its most concealed function — the inner algorithm of command of the global market system itself was war-drummed out of view. The bearer of this determining algorithm of the mega-machine is the ruling market group mind and it is regulated by the following set of principles to which all of official culture conforms without question, including our own:

  1. Pursuit in a market order of maximum monetary assets and commodities for oneself is natural for humans, is social progress, and is development.
  2. There is no rightful limit on acquisition of these market assets in all things, or any countervailing right to redistribution of their holdings, however unequal they become.
  3. Freedom to buy and sell in self-maximizing transactions of money and price commodities is the basis of all human liberty and justice and there is no outer limit in its rightful globalization.
  4. The market’s money price system always optimally allocates resources and distributes goods and services in each and every society to ensure the best of all possible worlds.
  5. Money profit maximization by investors is the ultimate engine of economic and social advance and is maximally liberated from the dead hand of state regulation and ownership.
  6. Government intervention, therefore, in the self-regulating market is wrong unless it supports the market system; and is dictatorial in proportion to replacement of free market flows of market commodities and capital.
  7. Individual consumer desires are permanently increasing and unlimited in their growth by human nature, and are what all free people want more to satisfy.
  8. The public interest in human health and welfare are only increased by a market economy which produces all that is good, including democracy, poverty alleviation, and human civilization.
  9. Market growth is therefore beneficial in all places and times with no limit on the conversion of planetary and human life organization into more priced goods for consumers and profits for firms.
  10. Protection of domestic production of any type is the evil of protectionism, although subsidization of dominant enterprises may be necessary in the national interest.
  11. Whatever facts-of-life disaster may seem to contradict the necessity and validity of market principles 1-10, they are always understood as corrected by better application and more rigorous application of market principles.
  12. If the creative destruction of the global market destroys old environments and ways of life, these are unavoidable costs of technological progress to be solved by market means.
  13. Individuals, groups or governments which doubt or criticize the supremacy of the market system or the inherent inefficiency of its production and distribution or the freedom of its agents, thereby reject the free market and therefore democracy, and are therefore dangerous to humanity.
  14. Any and all societies, parties or governments which seek any lived alternative of economic organization are to the extent of this irrational or evil and must be prevailed over by all means available including armed force to protect and advance the free world for all.

This is entirely accurate as far as I can see. And, if this is not a religious statement of faith, I don’t know what is.

McMurtry’s talk is still astonishing to me. If you haven’t seen it before, I urge you to give it a viewing.

One Response

  1. Mark says:

    Wow, brilliant. The picture gets clearer all the time.

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