The alleged relations between Liberalism, Market Economy, Conservatism, Nationalism

[Rodozashtitnik]

Well, it looks like mixed economy.

[Menydh]

Originally Posted by Rodozashtitnik

Mynydd, which is the right formula for a nationalistic economics? It's not a market economy, it's certainly not a planned economy, then which is it?

The economic nationalism that has linked Salaün is a good answer, but only a part of it. I wouldn't call that economic nationalism but economic patriotism. The French naming is more correct.

But it only covers a series of protectionist policies which can be good (or not) for a country.

A right formula of economic nationalism should go in the direction of Corporativism (or Corporatism). Other policies that should be enforced are state interventionism to control inflation (prices), through laws against market speculation and usury.

[Rodozashtitnik]

What can you tell the people who said that the free market trade is the right way for doing a nationalistic economy?

[Menydh]

Originally Posted by Rodozashtitnik

What can you tell the people who said that the free market trade is the right way for doing a nationalistic economy?

To start with one must have clear the idea of what Nationalism is and what Nationalism is not. When we define a nation, we are defining a people who may or may not live in a same state, but who are united by links that are more profound that the mere political.

Thus, Nationalism is concerned first and foremost with a people, not with any given political structure of state government. But a concern is a very vague word to use unless it is explained in more detail. One such detail would be a desire for a welfare system and a bettering of the social conditions of that nation. Or in other words, Social Justice.

The perceive succecesses of a Market Economy are rarely (if ever) concerned with the welfare of the nation, but of individuals who may or may not be a part of that nation. The primary goal is the market, not the people. Everything is measured in terms of the market.. and by the so-called market forces.

These market forces are alien to the interests of the nation. Adjustments in the markets are made with only the view of the market benefits. So for example, if a given market product needs to increase competitivity, one of the golden rules in market economies is to lower the price of the product by reducing its costs of production.

The most clear way to reduce the costs of production is to lower wages. This can be done in a direct form or, as we've seen in the last decades, through employing a foreign and cheaper workforce.

In a market economy what counts is the demand and the supply. The nation only counts as part of the labour market. If this labour market does not adjust itself to the forces of demand and supply, then there are mechanisms to adjust it. Such as the attraction of foreign labour at the expenses of the host nation.

Under Nationalism, a degree of state intervention is required to protect the interests of the people. Under Market Economy, any state intervention is an anathema.

This alone makes market economies rejectable for Nationalism, and ideas such as Liberal Nationalism a fallacy.

[Rodozashtitnik]

And what is your opinion about competition in economy?

[Menydh]

Originally Posted by Rodozashtitnik

And what is your opinion about competition in economy?

I see where you getting at.

Of course competition should be allowed, and even encouraged. But unlike in market economies, limits must be drawn on ethical and moral grounds.

One problem of the Socialist economies in the East was socio-economical stagnation due to a lack of competition.