The market must be actively constituted by political intervention, not discovered
Evidence
In the Ordo-liberal scheme, the market does not amount to a natural economic reality, with intrinsic laws that the art of government must bear in mind; instead, the market can be constituted and kept alive only by dint of political interventions” (Lemke, “The Birth of Biopolitics,” p. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 1852
Categorization
- DEFINE: Core ordoliberal tenet: the market as politically constituted rather than naturally pre-existing — good for tracking the thought collective’s genealogy.
- XREF: Connects to the reader’s prior chapters on the Mont Pelerin thought collective and ordoliberalism (Mirowski’s own earlier material). — connects to: Markets are political projects, not natural outcomes of state removal — Mark Blyth, Austerity: The History of a Dangerous…, 266; Market economies require deliberate political construction, not natural emergence — Nick Couldry & Ulises A. Mejias, The Costs of Connection: How Data Is…, 364; Markets are constructed artifacts requiring sustained political maintenance, not spontaneous phenomena. — Donald MacKenzie, An Engine, Not a Camera: How Financial…, 773 (+10 more)
Broader Connections
- The free market requires constant state interventionism to be established and maintained
#corroborates(0.95) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 2137 - The neoliberal state governs for the market, not because of it.
#corroborates(0.85) — Wendy Brown, Undoing the Demos, 111 - Hayekian neoliberalism requires active rule-design to insulate markets from politics
#expands(0.85) — Jessica Whyte, The Morals of the Market, 360 - The market cannot by definition be a collective project
#contradicts(0.85) — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 609 - Wartime state intervention exposed market arrangements as political choices, not natural facts
#exemplifies(0.82) — Clara E. Mattei, The Capital Order, 34 - Austerity capitalism means more state intervention, not less, to fortify the market
#exemplifies(0.80) — Clara E. Mattei, Escape from Capitalism, 151 - Ordoliberalism governs market rules but forbids steering market outcomes
#qualifies(0.78) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 613 - Market ideology primarily targets state intervention, not consumption.
#expands(0.75) — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 594 - Competition under capitalism is a functional necessity, not manufactured legitimation.
#contradicts(0.75) — Dirk Braunstein, Adorno’s Critique of Political Economy, 611