In recent decades, society has shifted from having a market economy to becoming a market society. This paper summarizes Michael J. Sandel’s core argument that market reasoning is no longer confined to material goods but now governs spheres of life once regulated by moral and civic norms. By examining the commercialization of areas like health, education, and civic duty, this paper highlights the two primary objections Sandel raises against this trend: the inequality objection and the corruption objection. Ultimately, the paper concludes that society must engage in a public moral discourse to determine where markets serve the public good and where they do not belong. 📌 Introduction
Sandel argues that applying market values to certain goods can change their character and diminish their worth. what money can t buy summary
Sandel provides numerous real-world examples to illustrate how market logic has permeated daily life: In recent decades, society has shifted from having