The Informational Market State Culls the Herd
In the early months of the Covid-19 pandemic I blogged about how the crisis was proving to be a “tempering test of the market state.” What I mean by “market state” is this concept by legal scholar Philip Bobbitt of a newly evolving constitutional order. It’s an order where government has less power and instead markets provide the decision-making and regulation. It’s also been called the “informational market-state” or the “neoliberal market-state.” More and more I’ve become convinced that while Bobbitt…