Economic Review, Vol. 56 No. 5-6, 2005.
Other
MARKET - DAMNATION OR SALVATION
Dragomir Vojnić
Abstract
The passed century was very turbulent worldwide, especially in
European relations. This turbulence was expressed through the strong social shocks and changes. In the very centre of these events was
the phenomenon of the market and democracy contradictions. During the passed century the planet Earth cumulated more knowledge, new technologies and new products, than the whole civilization which had
preceded. In such conditions especially expressed were the contradictions inherent to market and democracy, as the essential factors of
our civilization. The positive sides of market manifested in the fact
that it award the capable and successful ones, and punish those who
are not. The bad sides of market manifest in the fact that the free
market activity makes the rich even richer and the poor even poorer.The good sides of (parliamentary) democracy reflect in the protection of human rights and freedoms. Those less good manifest in a fact thatsocial justice and social rights are not included in these human rights.Great turbulences and crises in the most developed countries of the
world, especially in USA, showed that contemporary capitalism did notsurvive through the invisible hand of Adam Smith, but on the contrarythrough the very visible hand of John Maynard Keynes.
Keywords
market; democracy; sustainable development; solidarity; welfare society; economic neoliberalism; transition; capital; labour
Hrčak ID:
10284
URI
Publication date:
20.6.2005.
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