Yet, there are other components to the world than free trade and profit. As the influence of economic thinking increases and the remain stagnant economics becomes less of a beneficial tool at analysis and more of a deception.

Perticular problems with economic thought have to do with its unrealistic assumptions and ignorance of so much. There is no place for society in economics; the theory undervalues labour, women and the environment. Managerial decisions seem to have more bearing on the way capitalism operates than the "free market," it certainly set up the economic system. Even money, the supreme measure of worth in an economic society is based on the authority of its rulers. For these reasons above and those that will follow, economic

Though economics justifies itself by claiming to be abstract and suggestive only - as it is - in practice it is a whole way of looking at the world. Of expectation, of values, of perceiving human nature: an Ideology!

Cycling is a perfect example of an economically undermined enterprise which should be much more prevalent in our society if we were to believe that economics is about efficiency and productivity rather than a way of thinking. It is no longer arguable that the personal automobile can travel more efficiently. Bikes are cheaper to both society and the individual, do not cause environmental destruction, are usually faster and more useful in a city and give fun and exercise.33 So why are cars so prevalent? One of my own personal theories is that auto manufacture is the same technology as tank manufacture and cars since the 1950s became a spin-off from the military industrial complex, auto manufacturers are subsidised as are the military and in some cases they are the same such as companies like Mercedes Benz. Marketing (which contradicts supply and demand) also plays a crucial role as do all the roads built by governments for private cars. For many, cars are so prevalent the idea of alternatives is out of the question, a QWERTY34 syndrome if you will. In New York, where cars are less common, people are on average richer than in Detroit where cars abound.35 Oil Barons and Car manufacturers are the only beneficiaries of automotive dominance while the majority wastes time, money and the environment. Free market doctrine does not explain this situation.

There are certain rules to the free market, risk taking and supply and demand. But a very large corporation will get bailed out. There is the famous case of the hedge fund pieced together of such a large investment that you had to invest $10 Million just to buy into it. Its value was about $4.5 Billion Dollars but it failed and lost $4 Billion Dollars. This collapse, it was argued, was so devastating that it might bring down the whole stock market system. So the US Federal Reserve Board sponsored a massive bailout for such huge companies as Merrill Lynch & Co., Goldman Sachs & Co., Bear, Stearns & Co. and Bankers Trust Corp. "'Everyone I spoke to that day volunteered concern about the serious effect the deteriorating situation of long-term Capital could have on world markets,'...And so McDonough7 calls Fed Chair Alan Greenspan and Treasury Secretary Robert Rubin and a bailout is arranged." It seems that, "Capitalists now all want it one way... They want to do whatever the hell they feel like, but let someone else pay. It's called privatising the profits and socialising the risks."8

Economists apologise for overt generalisation with absurd presuppositions: 'all things being equal,' perfect knowledge, rational self interest, absence of external influence. These are not situations that will ever occur and not ones that are very useful for deciding the fate of the hungry in all the nations.

On the other hand, values of community enhance trade. Ithaca, New York, has community trading system in place which circumvents banks and has prospered because of it. "The Hours system dramatically expands and acts as a banner for our sense of community" It also keeps money in the town effectively.26

Some common words found in the essay are:
Nazi Party, , James Fallow, GDP Destruction, British Empire, Frankish Empire, Adam Smith, Noam Chompsky, Margaret Thatcher, Free Market, free market, adam smith, rational self, supply demand, free trade, cash economy, industrial revolution, positive statements, production possibilities, human nature, myth free market, 11 major media, major media corporations, free market doctrine, monopolies oligarchies common,
Approximate Word count = 5268
Approximate Pages = 21 (250 words per page double spaced)