Bad Faith in the Free Market: The Radical Promise of Existential Freedom

Capitalism has deprived us of our individual and collective ability to imagine and implement alternative and more progressive economic and social systems, leading to rising inequality and feelings of mass social and political alienation. Bloom argues that the free market is anything but free and exposes our present-day bad faith in it.

Format: Paperback / softback
Length: 191 pages
Publication date: 12 January 2019
Publisher: Springer Nature Switzerland AG

In a groundbreaking exploration of the intersection of existentialist philosophy, cutting-edge post-structuralist, and psychoanalytic perspectives, this book challenges the notion of market freedom in a radical way. Bloom argues that contemporary capitalism has eroded our individual and collective capacity to envision and implement alternative and more progressive economic and social systems. It has stripped us of our fundamental freedom to choose how we live and what we can become.

Since the onset of the Great Recession, capitalism has faced mounting criticism for contributing to growing inequality and fostering a sense of widespread social and political alienation. Instead of offering a deeper sense of liberty, the free market perpetuates an ideology that encourages individuals to continually invest their hopes and aspirations within its rigid framework. This embrace serves as a temporary balm for mounting anxiety and insecurity, at the expense of our essential human agency.

What has become increasingly evident is that the free market is far from free. In this book, Bloom exposes the prevailing false belief in the free market and offers insights on how we can break free from its clutches.

Through a comprehensive analysis of various philosophical and theoretical frameworks, Bloom challenges the notion that the market is an impartial and objective mechanism that promotes individual prosperity. He argues that the market is inherently biased and shaped by power structures, economic interests, and social norms. This bias creates a hierarchical system that perpetuates inequality and marginalizes certain groups of people.

Bloom also delves into the psychological implications of market freedom. He explores how the free market operates as a mechanism of control and regulation, shaping our beliefs, values, and behaviors. He argues that the free market encourages a culture of consumerism, materialism, and competition, which can lead to feelings of anxiety, depression, and disempowerment.

Furthermore, Bloom challenges the notion that the free market is a source of innovation and progress. He argues that the market is driven by short-term profits and economic growth, rather than by long-term social and environmental considerations. This focus on short-term gains can lead to the exploitation of workers, the degradation of natural resources, and the perpetuation of social inequalities.

In conclusion, this book offers a compelling critique of market freedom and provides a roadmap for a more equitable and sustainable economic and social system. Bloom challenges us to reimagine our relationship with the market and to seek alternatives that prioritize human well-being, social justice, and environmental sustainability. By doing so, we can break free from the constraints of contemporary capitalism and create a world that is more just, equitable, and resilient.

Weight: 515g
Dimension: 222 x 141 x 33 (mm)
ISBN-13: 9783030095055
Edition number: Softcover reprint of the original 1st ed. 2018