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Erschienen in:
2020 | OriginalPaper | Buchkapitel
6. Free Competition: An Invitation to a Less Explored Type of Sustainability
verfasst von : Ion Pohoaţă, Delia Elena Diaconaşu, Vladimir Mihai Crupenschi
Erschienen in: The Sustainable Development Theory: A Critical Approach, Volume 1
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Abstract
The main idea consists of the chance afforded to sustainability by the natural price of commodities and money. The mechanism of natural price belongs to an honest competitive environment, limited only by the law on all the markets for factors of production. Monopoly is not suitable for this logic.
In this context, the enemies of natural price are the state and the central bank. The alluring administered social prices and the absence of the public economy from the game of competition are the prerequisites of the first enemy. Quantitative easing cut off from the real economy is the modus operandi of the second enemy. In this case, the vaccine is represented by the natural rate of interest. A phantasm for the political factor, its meaning bears a detonating role for the analysis of the economic cycle and it bears a neutering effect for the total independence pretence of central banks.