Volcanoes and earthquakes are natural phenomena. Markets, however, are creations of human activity. They are made and they can be un-made. Markets change in different times and places. They are open to manipulation and may be changed by political debate and struggle. Markets are political institutions that shape how wealth and resources are produced and distributed. 1 We know markets are political, because they can reinforce unequal power relations.
1.Geoffrey R.D. Underhill Conceptualizing the Changing Global Order in Richard Stubbs and Geoffrey R.D. Underhill, Political Economy and the Changing Global Order (Toronto: McClelland and Stewart, 1994), 18.