Market Economy Evolutions
Michael Sandel Keynotes - Speaker Michael Sandel is a professor at Harvard University, where he teaches courses like...
Michael Sandel’s Market Society Talk is Opposed to Money in Societ
He states we have moved from a market economy, which is a good thing, to a market society, which is a bad thing. Firstly, it creates rampant inequality, which becomes problematic when money becomes necessary for basic things like access to education and healthcare. Secondly, market thinking can change good social practices. He cites monetary incentives for children to read books in school as an example.
The market society talk then shifts into an audience discussion about why markets should not be trusted in civic matters.