Money

Only when the last tree has died and the last river has been poisoned and the last fish been caught will we realize we cannot eat money. ~Cree Indian Proverb

Thursday 20 December 2012

What Money Can’t Buy, Michael J. Sandel

In recent decades, market values have crowded out nonmarket norms in almost every aspect of life—medicine, education, government, law, art, sports, even family life and personal relations. Without quite realizing it, Michael J. Sandel argues, we have drifted from having a market economy to being a market society. Is this where we want to be? He takes on one of the biggest ethical questions of our time: Is there something wrong with a world in which everything is for sale? 

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.



It enlightens me when I came across this statement from the book "Putting a price on the good things in life can corrupt them. That’s because markets don’t only allocate goods; they express and promote certain attitudes toward the goods being exchanged."  Yes... markets will finally distort the real meaning of "a thing" when the price tag on it either go to extremely high side or low side in market society.  People who by no choice live with it (e.g. medicine, education, government, law etc)  shall be badly affected. For instance, too low the price on medicine will stop R&D to develop new drugs and its subsequent activities; on the other hand, too high the price on medicine will prevent poor people from needing it)

Thus, Michael J. Sandel should say in his title : What Money shouldn't buy? instead.

2 comments:

  1. rich getting richer, poor become poorer.. So, how can we balance our life?

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    Replies
    1. To start, read Rich Dad and Poor Dad by Robert Kiyosaki
      He sum it up very well by advising to go into BUSINESS!

      Or youtube...
      http://www.youtube.com/watch?v=fpWaKvUHJlU

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