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.
rich getting richer, poor become poorer.. So, how can we balance our life?
ReplyDeleteTo start, read Rich Dad and Poor Dad by Robert Kiyosaki
DeleteHe sum it up very well by advising to go into BUSINESS!
Or youtube...
http://www.youtube.com/watch?v=fpWaKvUHJlU