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Moral Criticism of the Market
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Moral Criticisms of the Market
Upon reading the article regarding moral criticisms of the market I came to the conclusion that it is indeed hard to deny some moral value to the market. After all, we do attach moral value to processes as well as to outcomes, as in the phase “the end does not justify the means. “ It is morally better to have our goods supplied by free labor, and to choose our goods rather than have them chosen for us by the state. Moral criticism of the market tends to blame the market for creating selfishness and fostering materialism. It also has the tendency to favor a morally deficient character type, and to promote undesirable outcomes. The problem is not just the moral inadequacy of the economic virtues, but their disappearance. Hard work is still rewarded, but self-restraint, thrift and prudence has surely started to vanish. Take the credit card for example; for all their convenience, credit cards can cause a lot of damage: Most Americans have credit card debt, and the average American owes more than $9,000 to credit card companies. Americans are often drawn into such a dilemma by tantalizing solicitations. Promises of low interest rates and low monthly payments draw the average consumer’s interest. It can be hard to resist, especially younger consumers like college students. I think you must also look at things like what has recently and is still occurring with the housing market in the United States, the United State government ...
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