blog




  • Essay / The Moral Limits of the Market by Michael Sandel - 1053

    What Money Can't Buy; The Moral Limits of the Market by Michael Sandel discusses the relationship between markets and our morality. Its central concern is the influence of money on the sphere of life traditionally governed by non-market norms such as rights as a citizen, care for others, and civic duties. He demonstrated that the market is responsible for destroying our sense of morality by giving it a monetary value. This article will discuss the relationship between market and morality by demonstrating the type of goods corrupted by money, the flaws in the market system that cause such problems, and the political solution to this problem as suggested by Michael Sandel respectively. Sandel argues that “almost everything can be bought and sold. In his view, the market has expanded beyond its traditional boundaries to include our moral sphere. This includes health care, education, environmental protection, rights as citizens, rights to life, property and much more. The triumph of capitalism after the Cold War created an unprecedented market economy that greatly improved our way of life. However, the unchecked power of market forces has blurred the line between the market and the social aspect of life. For Sandel, money is the root of the problem. He stressed that the market had become both unequal and corrupting. Here are some disturbing examples of inequality given by Sandel: • A non-violent prisoner can pay $90 a night in Santa Ana, California, for a cleaner, quieter, safer prison cell, • Western couples pay about $8,000 $ to an Indian surrogate mother because it is a third cheaper than the going rate in the United States, • The right to hunt a limited number of endangered black rhinos for around $250,00 in South Africa, • Admit children... ... middle of paper ......th society, but the society may pay several costs in the process. This includes less available option, higher payment for goods and services, and many more. Nonetheless, a public debate on such a proposal would determine the future relationship between the market and morality. In conclusion, almost everything can be considered marketable and tradable, but such practices must stop to avoid the destruction of our sense of morality in relation to freedom. market configuration. Sandel's proposals are realistic, but they depend on public outreach to gain their support. We need a free market economy to improve our livelihoods, but we also need to improve ourselves as a society. It is therefore time that we pay closer attention to Sandel's arguments and proposals for a better future. Works Cited Sandel, Michael J. What Money Can't Buy: The Moral Limits of Markets. New York: Farrar, Straus and Giroux, 2012.