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Dylan Riley, Blind Guesses — Sidecar

newleftreview.org · 1,270 words · saved by 1 readers

Capitalism and the markets.

https://doi.org/10.64590/96u 04 September 2026Ideas The AI investment boom – whether or not it is, as I tend to believe, a bubble – is a vivid demonstration of how misleading it is to characterize capitalism as a ‘market economy’. The system’s ideologues constantly prattle on about markets. In their telling, markets transmit information about people’s wants and desires to distant producers, who then orient themselves accordingly. The cult of markets, then, comes down to a claim about the relationship between information and investment. For market enthusiasts, even the best-willed central…

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