Published online by Cambridge University Press: 03 January 2025
We do not need to theorize the impact that the market has on our lives; we all know the angst of waiting to hear whether a job application has been successful, losing sleep as we worry about how we will afford the next heating bill, becoming frustrated or angry about the cost of a train ticket, and wondering whether we will ever be free from student or mortgage debt. Even high- earning city workers cannot escape the health- depleting stress of the market, with studies showing that work- related anxiety leads to the dangerous disruption of eating habits for bankers, who have to use antidepressants to maintain working regimes that are killing them. These are all examples of the market invading our thoughts and even impacting our mental and physical health, but the impacts of the market on the most vulnerable among us are even more profound. These include migrants from Central America dying from thirst in the New Mexican desert as they seek employment in the US, millions of children in the UK who are going hungry and thousands of refugees drowning in the Mediterranean as they try to escape the poverty and hunger that has resulted from market-induced climate change in sub- Saharan Africa. These and other instances of suffering occur because of society's collective acceptance that the market should be allowed to decide that the hungry ought to not be able to eat enough to sustain themselves. All of these are examples of how the market has come to capture our thinking and – in the case of malnourished children living in poverty, refugees dying from thirst and drowning, or the increasing normalization of anxiety and depression – has come to govern our bodies too. Over the next three chapters, we will work our way back through the Enlightenment. Starting in 1776, when Adam Smith published his ground- breaking economic treatise The Wealth of Nations, we will see how his theories have been interpreted and misinterpreted since, how they were used to justify slavery, colonialism and the theft of indigenous lands, and how the market precipitated ‘bewitchments’ and mass hallucinations in the 1640s.
To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.