The way politicians talk about markets is odd. This is not, I’ll admit, a novel observation. Indeed, very likely it’s not the first time I’ve made it on this blog. But it hit me again reading Heather Stewart’s interview with Chris Leslie in today’s Observer.
It is partly about reification and deification. The market is – or perhaps more accurately “the markets” are – a capricious god that cannot be tamed and must be appeased. At the same time, the market is the repository of all that is dynamic and innovative in society.
But it is also about the simplistic and uncritical way in which the issue is approached. [Read more…]