We can have a market economy but we cannot have a market society. In addition to markets, society needs institutions to serve such social goals as political freedom and social justice. There are such institutions in individual countries, but not in the global society. The development of a global society has lagged behind the growth of a global economy. In addition to markets, society needs institutions to serve such social goals as political freedom and social justice' When I speak of a global society, I do not mean a global state.
States are notoriously imperfect even at the national level.
We need to find new solutions for a novel situation. For the current global capitalist system to survive, it must satisfy the needs and aspirations of its participants . There is a strong epistemological argument, elaborated by Karl Popper, in favour of the open society. We must therefore content ourselves with the next best thing - a form of social organisation that falls short of perfection but holds itself open to improvement. Of course they are different.