What Isn't for Sale?Quicklink submitted by Kyle McDermott Permalink
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|Some of the good things in life are degraded if turned into commodities. So to decide where the market belongs, and where it should be kept at a distance, we have to decide how to value health, education, family life, nature, art, civic duties, etc. These are moral and political questions, not merely economic ones. To resolve them, we have to debate the moral meaning of these goods, and the proper way of valuing them. This is a debate we didn't have during the era of market triumphalism. As a result, without quite realizing it we drifted from having a market economy to being a market society. The difference is this: A market economy is a tool - a valuable and effective tool - for organizing productive activity. A market society is a way of life in which market values seep into every aspect of human endeavor. It's a place where social relations are made over in the image of the market.|
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