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How Markets Crowd Out Morals: A Forum On The Corrupting Effects Of Markets
May 30, 2012 12:16 PM Subscribe
How Markets Crowd Out Morals: A Forum On The Corrupting Effects Of Markets Michael J. Sandel
posted by jhandey (31 comments total)
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- Some economists think markets can benefit all spheres of human activity. But they’re wrong: markets can erode important goods and social norms. Not only are there some things money can’t buy, but there are also many things it shouldn’t.
- When the market is everywhere, we lead a socially impoverished existence.
- Because Sandel disagrees with people’s choices, he wants to take those choices away.
Anita L. Allen
- Financial incentives are improperly used to induce African Americans to embrace “good” behaviors.
- Debating the place of the market is less about the value of goods than about inequality.
- Tolerance, equality, and democracy have only flourished in market societies.
- Making money, formerly an exclusive realm of cosmic evil, is now “doing God’s work.”
- Even market enthusiasts know that society can’t function if people are the amoral, self-interested calculators of blackboard economics.
- The profit motive is corrupting the justice system.
- Free markets are a kind of fairness.
Michael J. Sandel replies
- By keeping markets in their place, we can avoid their corrosive effects.
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