The Trojan Horse Affair 2

"Free competition" is therefore a ploy. The government always regulates and supervises the economy. The only question is, for whose benefit? “Free competition” is a codename for regulating the economy in favor of the investors, while in welfare states it is a synonym for regulating it in favor of the general public.

We have not been told that the needed conclusion from the “Trojan Horse Affair” is the need to restrain “competitive capitalism” or “free market.” No one has shouted out that they are “sick of it” and that the “system has gone belly up,” while using words such as “Mafia” and “gangsters,” which are usually reserved for attacks on workers’ unions. Free competition is an urban legend. There is no such thing. This so-called “competition” is done through strict government supervision, which implements tight rules and regulations. Those in charge of financial restraints, for example, are busy limiting competition to allow the competition. No, that is not a mistake. This contradiction of logic implements the very essence of “free competition,” which is a deceptive term that hides the government’s regulations and surveillance of the economy. Even the beating hearts of capitalism – the financial market and stock exchange – are supervised. The Bank of Israel head stands behind the decision regarding the interest rate, and using insider information in stock businesses is illegal, even through such information could show initiative and competitive readiness.

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