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Topic: Market populism

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Harold Lasswell

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	The Rise of Market Populism America s New Secular Religion
		Market populism was promulgated less by a political party than by business itself-through management theory, investment literature and advertising-and it served the needs of the owning community far more directly than had the tortured populism of the backlash.
		By the middle of the nineties, this was a populism in the ascendancy.
		Markets were serving all tastes, markets were humiliating the pretentious, markets were permitting good art to triumph over bad, markets were overthrowing the man, markets were extinguishing discrimination, markets were making everyone rich.
	www.thirdworldtraveler.com /Democracy/Rise_MarketPopulism.html (2170 words)

	Market Populism
		Market populism is the idea that markets within a capitalist system serve as the best expression of popular will.
		Market populism serves the interests of the capitalist class by obscuring class relations and making it seem that control over the economy is not mainly dominated by a small elite.
		Market populism is premised on the idea that contemporary capitalist economies are based primarily on a free market or something close to it.
	question-everything.mahost.org /Socio-Politics/Market_Populism.html (1096 words)

	Market populism - Wikipedia, the free encyclopedia
		Market populism is a term coined by Thomas Frank for the concept that the free market is more democratic than any democracy.
		The concept received major widespread prominence in the 1990s when it was used to justify the New Economy and support for the free market.
		The Democracy of the Market by William H. Peterson, Ludwig von Mises Institute, November 2005
	en.wikipedia.org /wiki/Market_populism (285 words)

	America's Sucker-in-Chief
		Market populism is an idea that one encounters everywhere in the US these days.
		It is, rather, a populism constructed largely by business itself - through advertising, management theory, the literature of the bull market - and this is why Mr Bush's campaign so frequently sounded like a advertisement for an investment company or the latest best-selling demand that the Dow Jones ascend immediately to 36,000.
		Stop to think about Mr Bush's market populism for more than a few seconds and you realise it is delusional stuff, a deliberate effort to humanise the real masters of the world we live in.
	www.commondreams.org /views/121400-101.htm (702 words)

	A SPECTER is haunting Europe—the specter of populism
		Market populism identifies the “free market” with what is good for “the people”; hence, those who work with and for the market are the true representatives of the people, defended their market from state Interference, protectionism, and parasites.
		Against the populism of exclusion, an inclusive populism should be defended, a populism identifying the people as those excluded from “the people” as defined by the dominant populism—a montage—people full of internal and external contradictions, rather than a phantasmatic seamless whole.
		And in the exhibition “Populism,” there was another glimpse of such a possible populism offered to the relatively homogenous audience of contemporary art, in the form of the shabby shack housing Erik van Lieshout’s video Awakening, 2005, a hallucinatory odyssey through Rotterdam’s overlapped right-wing, gay, Immigrant, and drug scenes.
	www.coldbacon.com /art/artforum/populism-lutticken.html (1121 words)

	TAP: Vol 11, Iss. 26. Divine Commerce. Michael King. (Site not responding. Last check: 2007-10-13)
		His handiest analogy for the market's just and equitable distribution of goods was the way cigarettes are bought and sold inside a prison: Unimpeded by "government" (that is, the warden), smokers purchased their addictive product and entrepreneurs accumulated their wealth.
		In One Market Under God, Frank (founding editor of The Baffler) is after even bigger fish: the ways in which "market populism"--the unexamined presumption that the market and democracy are one and the same--has become the dominating ideology of our time, perhaps the closest thing we have to a civic religion.
		And the author, who is invariably astute and witty about the inherent contradictions in free market ideology, is quick to point out that a central principle of market populism is, of course, that there are no experts--only the divinely inspired market.
	www.prospect.org /print/V11/26/king-m.html (1247 words)

	AlterNet: The Elitism Myth and Right-Wing Populism
		There was a time, of course, when populism was the native tongue of the American left, when working-class people could be counted on to vote in favor of stronger labor unions, a regulated economy and various schemes for universal economic security.
		What we saw the most of during the 1990s was the populism of the market, which has its origins in the PR strategies of Wall Street.
		And since markets are just the people working things out in their own inscrutable way, any attempt to regulate or otherwise interfere with markets is, by definition, nothing but arrogance.
	www.alternet.org /story.html?StoryID=18192 (2463 words)

	One Market Under God
		What Frank means by market populism is the idea that the market is a great engine of democracy, the transcendental people’s voice.
		Since, according to market populism, markets express the will of the people, any group which dares to criticize business is defined as a cynical elite.
		Over 80 percent of the market’s advance in the last four years of the bull market in the US has gone to the wealthiest 10 percent of the population.
	www.goodreports.net /reviews/onemarketundergod.htm (725 words)

	Voice Literary Supplement: The Bullshit Economy
		Fullingim was on the porch, carving a gourd in the moonlight.
		Populism died when my Pappy was still eating mule farts on his cotton patch.
		Frank provides a useful genealogy of today's "market populism," tracing its roots to the short-lived People's Capitalism of the 1920s and especially John J. Raskob's notorious mutual fund utopia of 1929 ("Everybody Ought to Be Rich").
	www.villagevoice.com /vls/169/davis.shtml (1231 words)

	The America that will vote for Bush, by Tom Frank
		There was a time, of course, when populism was the native tongue of the American left (1), when working-class people could be counted on to vote in favour of stronger labour unions, a regulated economy and various schemes for universal economic security.
		And since markets are just the people working things out in their own inscrutable way, any attempt to regulate or otherwise interfere with markets is, by definition, nothing but arrogance (2).
		This populism, ever present on the radio and on Fox News (4), is obsessed with the symbolism of the consumer culture.
	mondediplo.com /2004/02/04usa (2521 words)

	philosophy.com
		In this article on market populism in Australia in the Australian Review of Public Affairs Marian Sawer says that market populists went on the offensive with their solutions of winding back government interference with market mechanisms in the 1980s.
		Sawer says that the sources of such market populism are twofold.: new class theories and public choice theory, as developed in the United States from the 1950s by figures such as James Buchanan and Gordon Tullock.
		She says that market populism denies any legitimacy to the central value of the welfare state: equal opportunity and that it is is in direct opposition to the liberalism that inspired the welfare state--'social liberalism' prioritised equal opportunity over freedom of choice, when the latter was at the expense of the former.
	www.sauer-thompson.com /archives/philosophy/2006/09/post_82.html (1403 words)

	One Market Under God \| The Death Cookie
		Let's start with the sub-title: "Extreme Capitalism, Market Populism, and the End of Economic Democracy." On several occasions someone would see me reading this book, notice the sub-title, and say, "Oh, that's one of those communist books." Frank is not a communist.
		This is the rhetorical strategy that claims that markets are an instrument of the people, a great democratizing force that render people equal.
		He deflates the myths of the New Economy, the People's Market, and the Business Revolution ("it's not going to matter much to the people on the receiving end of the 'business revolution' whether the guy who downsizes them is wearing a blue serge suit or a nose ring").
	www.deathcookie.com /node/365 (723 words)

	Myth of the People's Market
		His thesis is that the stock market became the voice of the people through a process of mock-revolution.
		Because market populism has us voting with our dollars many times a day, when (and if) we get around to voting with our ballot papers, it has tended, at least in the US, to be for candidates promising to give our money back to us.
		According to this theory, to interfere in the people's market - with taxation, government regulation, union organising - is to be a terrible elitist, scornful of "the people" and their choices.
	www.commondreams.org /views01/0206-07.htm (1624 words)

	ARPA: Market populism in Australia
		Market populists went on the offensive with their solutions of winding back government interference with market mechanisms.
		Market populism denies any legitimacy to the central value of the welfare state: equal opportunity.
		The market populist worldview dismisses concern with equality of opportunity or human rights as the ideology of the new class or special interests, who speak in the name of equality but create privilege for themselves and welfare dependency for others.
	www.australianreview.net /digest/2003/10/sawer.html (2217 words)

	The Dividends of Market Fetishism: CNBC, Profit, and Class
		For market populism, the market is in effect the agency of the socialization of wealth—without the need for any social revolution.
		But class inequality can be overcome—contrary to both market populism as well as social democracy—neither by the "free market" nor by "regulations" (which simply lessen the effects of exploitation).
		To oppose the market populism promulgated by CNBC and other corporate means for reproducing the everyday false consciousness of capitalism, it is necessary to get beneath the surface appearances of the world-as-experienced, the world of market fetishism, and to grasp the essential relations which explain the appearance.
	www.redcritique.org /NovDec02/thedividendsofmarketfetishism.htm (1965 words)

	Amazon.de: One Market Under God: Extreme Capitalism, Market Populism, and the End of Economic Democracy: English Books: ... (Site not responding. Last check: 2007-10-13)
		Frank traces the roots of this movement from the 1920s, and sees its culmination in market populism as a fusion of the rebellious '60s with the greedy '80s.
		In either case, his boisterous reminder that markets are fundamentally not democracies is worth repeating as the level of wealth polarization in America reaches heights not seen since the 1920s.
		During the recent economic boom, he argues, our nation's hallowed tradition of political populism has morphed into market populism, a reverence for financial success in the marketplace as the ultimate authority of all that is good and true.
	www.amazon.de /One-Market-Under-God-Capitalism/dp/0385495048 (782 words)

	Old and New
		One Market Under God examines the formation and proliferation of what Frank calls market populism, an economic philosophy that came to prominence during the 1990s, and one in which the ideals and opportunities afforded by democracy and those of the free market are interchangeable.
		But to attack market populism, Frank notes, is to get caught in a tidy little trap: "Since markets express the will of the people, virtually any criticism of business could be described as an act of despicable contempt for the common man."
		But until someone is able to formulate a plan of attack, One Market is more rage against the machine, the kind of sexy angst-ridden analysis that is simultaneously vital, yet palatable enough to commodified for a mainstream audience, an irony that will hopefully not be lost on Frank or his followers.
	www.biggeworld.com /archive/franknp.html (1039 words)

	E-Flux : POPULISM - (2005-03-30)
		POPULISM is launched in spring 2005 by NIFCA, the Nordic Institute for Contemporary Art in Vilnius, Oslo, Amsterdam and Frankfurt.
		The Populism Reader is an anthology that comprises twenty texts on the various aspects of populism, written by political scientists, journalists, art historians and activists.
		POPULISM is a project initiated by Lars Bang Larsen, Cristina Ricupero and Nicolaus Schafhausen, and produced by NIFCA, the Nordic Institute for Contemporary Art in collaboration with the Contemporary Art Centre, Vilnius, Frankfurter Kunstverein, Frankfurt am Main, the National Museum of Art, Architecture and Design, Oslo, and the Stedelijk Museum, Amsterdam.
	www.e-flux.com /displayshow.php?file=message_1112188963.txt (868 words)

	Amazon.com: Is the American Dream Killing You?: How "the Market" Rules Our Lives: Books: Paul Stiles (Site not responding. Last check: 2007-10-13)
		Thus, the market is to blame for America's ever more demanding cycle of work-buy-work and its attendant cultural problems, from road rage to divorce, "Inhibited Sexual Desire," latchkey kids and an overall decline in spiritual and moral values.
		He depicts "The Market" as a soulless, amoral entity, that is grinding away the best attributes of American culture and society; namely individualism and personal liberty for the sole sake of generating as much profit as possible, whatever the ultimate social and personal cost to those engaging in the pursuit of maximizing profit.
		He describes forcefully how "The Market" is destroying the traditional American family, forcing people to work longer and longer hours, at the expense of providing genuine familial care to their children and fellow adult siblings.
	www.amazon.com /American-Dream-Killing-You-Market/dp/0060593784 (3780 words)

	washingtonpost.com: Bush's Credibility Gap
		Soon anti-market populism may be the larger danger -- and the Bush economics team, unfortunately, won't be well positioned to fight back.
		But Wood also believes that markets can't work without government vigilance, so he's created a new office of market oversight at the Federal Energy Regulatory Commission.
		The real problem with the Bush administration is that its policies are not pragmatic, with the result that it has lost credibility not only in financial markets but also as a defender of sensible market thinking.
	www.washingtonpost.com /ac2/wp-dyn/A14367-2002Jul28?language=printer (783 words)

	The Rise of Market Populism: America's New Secular Religion (News) Amanda Luker
		According to Frank, this faith lies at the core of the "new economy." It also mirrors a widely held belief that free markets are not only fair, but a more democratic force than elected governments.
		Markets bring down the pompous and the snooty and give us what we want.
		Many depict the market as a permanent social revolution in which "daring entrepreneurs are endlessly toppling fat cats and picking off millions of lazy rich kids." Not so, argues Frank, who sees market populism as the most blatant apology for economic inequality since social Darwinism.
	www.utne.com /webwatch/2000_219/news/1592-1.html (218 words)

	frontline: dot con: beyond the bubble: email interview - thomas frank \| PBS
		Frank is the author of One Market Under God: Extreme Capitalism, Market Populism, and the End of Economic Democracy (2000) and The Conquest of Cool: Business Culture, Counterculture, and the Rise of Hip Consumerism (1997).
		Strictly in terms of the stock market, "democratization" had been the dominant narrative several years before the Internet was noticed by the business world in 1995.
		This was God Himself coming down to earth and telling us that markets were democracies; that the corporate way was the only way; that regulation and taxation were fundamentally wrong; that organized labor was obsolete; that free trade was the one true path.
	www.pbs.org /wgbh/pages/frontline/shows/dotcon/bubble/frank.html (2297 words)

	AlterNet: The Critic as Radical
		Frank moves his thesis along by coining and building on the term market populism, a 1990s ideology in which populism was severed from social justice movements and government programs and tied to the magic of the Dow Jones.
		Frank is adamant that the rhetoric of market populism has been the grand wool-over-the-eyes of 1990s America.
		Frank is at his best analyzing how business writers, journalists and politicians have adopted the language of populism as a means to cast the market as the one true democratic force.
	www.alternet.org /story.html?StoryID=10116 (1621 words)

	Market populism in the folksonomies debate (Atomiq)
		Market populism is the view, which gained tacit acceptance in the 90s, that markets are inherently democratic.
		In Market populism in the folksonomies debate : Atomiq, Gene Smith compares the discussion (ranting, evangelism, hysteria) about tagging and folksonomies to the concept of Market Populism, the notion that markets are inherently democratic.
		Market populism in the folksonomies debate : Atomiq...
	atomiq.org /archives/2005/04/market_populism_in_the_folksonomies_debate.html (1283 words)

	Marian Sawer: How Mr Fat became Ms Bleeding Heart: Market Populism and the Future of the University \| fírgoa (Site not responding. Last check: 2007-10-13)
		Populism and populist name-calling has a long history in Australia; the early arrival of representative democracy was accompanied by repeated claims that politicians and political elites were betraying the interests of the people.
		Populism has traditionally been a form of ‘outsider’ politics practised by those who come from outside existing political elites, This kind of traditional populism was at the heart of Pauline Hanson’s One Nation.
		In accordance with the grammar of populism, the new class had to be shown not only to be self-seeking and untrustworthy in terms of the national interest, but also to be contemptuous of the values of ordinary people.
	firgoa.usc.es /drupal/node/30151 (4430 words)

	ethics news & views: The end is near: one dollar, one vote, and the dying breath of democracy
		He's upset that a "polo populism" has been sold to the American people in place of the traditional populism associated with the labor movement and civil rights (73).
		A case in point: key to Frank's analysis is the finding that the success of what he calls "market populism" depends upon an ideology that equates Adam Smith's "invisible hand" with democracy itself, equates being a good consumer with being a good citizen.
		The market has so centralized itself in the American psyche that even the accoutrements of counter-cultural identity are regularly co-opted by marketers, who push their new wares as a way to purchase the authenticity of rebellion.
	ethics.emory.edu /news/archives/000168.html (1154 words)

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