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According to party folklore, in 1975, a few months after Margaret Thatcher became leader of the Conservatives in the United Kingdom, she was chairing a meeting at which one of her colleagues explained what he saw as the core beliefs of Conservativism. She snapped open her handbag, pulled out a dog-…

Defined by the market, defined as a market, human society should be run in every respect as if it were a business, its social relations reimagined as commercial transactions, people redesignated as human capital. The aim and purpose of society is to maximise profits.

Attempts to limit competitio…

The now well-known point is that the market is a fantastic information exchange. Changing prices are signals of shortage and surplus. Furthermore, the capitalist market gives people an incentive to respond to these signals in the search to maximize profits (private vices, public virtues again). Tak…