Viral capitalism

How the free market mutates and survives

The free market grows and explores like an organic system, formed by billions of minute democratic decisions made by consumers every hour. Its unique ability to adapt means it can rise to any challenge, including environment crisis. Those who wish to contain this power - and to plan our futures from the centre -  are gravely mistaken, argues Madsen Pirie.

 

Like a virus, free market capitalism mutates to take advantage of new opportunities and to move into new territories. Unlike a pathogenic virus, however, it is symbiotic with human nature, and is one of the most benign institutions that human beings have ever created, perhaps even the most benign. This is the main reason why capitalism will survive and prosper after the pandemic: it is not a fixed thing, but something that has shown remarkable strength in adaptability and endurance, and in its ability to change with changing circumstances.

It was not created deliberately, but emerged as a consequence

Continue reading

Enjoy unlimited access to the world's leading thinkers.

Start by exploring our subscription options or joining our mailing list today.

Start Free Trial

Already a subscriber? Log in

Join the conversation

Jacob Hue 7 February 2023

Your writing is really informative, especially because it's so meaningful and updated. Thanks for sharing this wonderful post!

Your writing is really great. I’m so glad I read it. It kept me hooked the whole way through.

Thanks for this information. I really appreciate the information that you have provided.

jack wisdon 29 June 2021

Mostly players have to looking the online this latest play klondike solitaire one of the best card game to all people like you.

Minnie 9 February 2021

Someone needed to say this. Many on the left speak about the free market as if it is imposed on society. The free market is what happens if you leave people alone and let them make their own decisions.