We’ve heard it a billion times, after all, so Philip Blond must have figured there’d be no harm in being #1,000,000,001. So he writes a parody of the typical anti-capitalism piece, filled with the usual cliches and undefined terms (”winner-takes-all monopoly capitalism,” “unrestrained speculation,” markets should generate “fair outcomes,” etc.). He carries on in his assumed role as an ignoramus by blaming the current economic mess on free markets (he calls the situation, hilariously, “the debt-leveraged collapse of free-market extremism”).
Blond has the parody down to a T, since like the anti-market pieces he so cleverly imitates, there are no government central banks pumping discoordination and inflated money into the economy. Debt, financial bubbles, and malinvestment are spontaneous occurrences (resulting from “free-market extremism,” no doubt) that have no exogenous cause. For a few more laughs, he adds that a “living wage” should be made “universal.” This, he assumes, will have no negative consequences. Maybe a few fat cats will have to pay higher wages, but that’s probably it.
Oh, wait — the article isn’t a parody after all.
