“SOCIETY, MARKET:One of the appellations of present Western society — in which the market (or economic) function takes the place of the sovereign function and becomes the ultima ratio (Latin: ‘last resort’) — the ultimate and unique horizon against which all political decisions are made.
This term is preferable to that of 'capitalist society’. For it’s not a matter of condemning the market economy, but rather deploring the market’s dictatorship over every other consideration (ecological, ethnic, aesthetic, social, etc.). The market can’t be everything and material exchanges can’t be the basis of social relations. In market society, everything has a price, but nothing is of value.
We need to be suspicious of the dogmatic criticisms Rightists (fascinated with the Marxist critique of capitalism) make of market society — as they proclaim their contempt for the market, the general economy, prosperity, and the imperatives of industrial power and techno-science. This is hypocritical, for the daily lives of these Rightist are, in practice, fully immersed in bourgeois consumerism. Imitating the extreme Left, they like to call themselves 'anti-utilitarians’ — a purely scholastic, disembodied posture, typical of Parisian intellectualism.
It’s not a matter of rejecting the market, the productive-economic sphere, and techno-scientific power in the name of some anti-utilitarian utopia, but of subordinating the market functions to the sovereign function and thus putting them in service to the people, to its welfare, and to Grand Politics.
It’s no less necessary to denounce the imposture of bureaucratic socialism, which, in the name of combating market society and the 'dictatorship of capital’, ends up creating social, economic, corporate, and parasitic feudalities not unlike those of market society.
Those who seek to abolish the market, like those who see it as the pinnacle of all things, are inclined to reductionism. The market is nevertheless indispensable: it’s a weapon in the hand of sovereignty — a means, not an end.
At the global level, market society abandons the market to its own hazards — for these markets lack governance. Hence the fragility of speculative economy prone to brutal, unforeseeable crises, as well as the impossibility of controlling the frontiers and, for Europe, of assuring its economic autonomy. Hence also the subjugation of states to economic conjunctures (the boom/bust cycles based on the market’s temper), over which they now have no power. Like wine, the market is indispensable in controlled doses; once it becomes a society’s unique reference, society is turned into a drunken boat.” (pp. 245–246)
“ECONOMISM:The reduction of social and political goals to their economic dimension, characteristic of Western ideologies.
Economism is an offshoot of the classical liberal doctrines of the Seventeenth and Eighteenth centuries and was later extended to socialist doctrines of Marxist inspiration. Its central objective is a policy of ‘economic development’, quantitative production, pursued without regard to cultural, ecological, ethnic, etc, imperatives. It reduces human happiness to a matter of living standards; it pursues economic ‘growth’ for the sake of short-term interests; and it neglects, among many other things, the conditions necessary for demographic renewal. It believes a country’s health is measured solely by its economic performance. From a long-term perspective, economism actually weakens economic power, because it ignores the external forces affecting it: such as political independence, resource availability, birth rate, etc.
From the viewpoint of economism, history is explainable solely in terms of economic factors, which are seen as facets of a civilisation’s infrastructure, while cultural, demographic, and other factors are ignored or treated as secondary.“ (p. 124)
— Guillaume Faye, Why We Fight: Manifesto of the European Resistance