There are no free markets

Markets are not natural, spontaneous or free. They are legal, institutional and political creations of the state. Without law, money, regulation, wages, accounting standards and trust, markets collapse into monopoly, coercion and extraction.

In this New Year’s Day video, I explain why the neoliberal myth of “free markets” is not just wrong, but actively destructive — and why rebuilding the state, rethinking capital and restoring democratic accountability must define our economic direction for 2026.

Markets are tools. It's up to society to set their purpose.