Market Reasoning

The free marketplace represents a superlative model of capitalism, since it denotes the most proficient and profitable way of production. In a free market, economic actors are capable of conducting business devoid of political interferences, such as the burden of a minimum wage, or trade in tariffs. Without these limits, economic actors are abridged to a state of clean competition, driving costs downstairs and resulting in senior quality and lower price products.

* Capitalism allows people to choose what job they want to do. It gives people the right to spend their money where they want. Harmful: the gov't control is very limited; it allows people to dominate the industry. The wealthy get wealthier and the poor get poorer.

What Money Can’t Buy; The Moral Limits of Market by Michael Sandel argues the relationship between markets and our morality. His central concern is the influence of money on the sphere of life traditionally governed by nonmarket norms such as rights as a citizen, care for others, and civic duties. He demonstrated that market is responsible for destroying our sense of morality by placing monetary value to it. This paper will argue the relationship between market and morality through demonstrating the type of goods corrupted by money, the flaws in the market system that causes such problems, and the political solution for this problem as suggested by Michael Sandel respectively.

Should Corporations be Considered People? The recent uproar over whether corporations are people comes from the Citizens United decision. Although we often hear about how this case allows an influx of corporate funds, it is safe to assume that very few people have actually read the opinion. And though the direct and indirect impact on the lives and liberties of the people will forever be affected by allowing corporate influence on their own governing, most go about their daily consumption with barely a thought to the immense impact this has on the land of the free.

I once thought that it was a good thing that you could buy and sell just about anything, but after reading “What isn’t for Sale” by Michael Sandel, I have slightly changed my mind. In the article, he explains how the thriving market economy has started to creep into daily aspects of life, and into places it shouldn’t be, “It was the reach of markets, and of market values, into spheres of life traditionally governed by nonmarket norms” (Sandel 392). We live in a time where you can buy anything from a good education all the way to a private military. Sandel writes that this type of society is bad, but I believe that there are advantages and disadvantages to this type of society.

Campaign donations and lobbying are other methods used by corporations to influence government officials and policy. A good example, in the election cycle of 2000, there was an estimated $1.2 billion given to congressional campaigns in both parties, by corporations. . Unless you are rich, it is nearly impossible to run a viable congressional campaign without corporate financial backing, since their donations make up about 75% of the money that candidates receive . In the most recent election, the candidate who raised the most money won 94% of the time (Citizens at Work, 2003). Without corporate money, it is very difficult for politicians to win elections and maintain their office.

Through its exquisite examples, and compelling tone, Michael Sandel's article "What Isn't for Sale" advises that we need to recognize that our markets are taking over our personal lives and we have become a market society. Anything and everything are for sale these days in our nation. Sandel affirms that over the past thirty years our markets have changed from market economies to market societies. In agreeing with Mr. Sandel on this issue, we must understand the message he is trying to convey. It is possible to do so with the following reasons. We can’t allow for causes such as greed to take place, the consequences of inequality and corruption to happen, and open dialogue and debate need to take place so we all can agree how far

In terms of elections, the right to unlimited indirect contributions is causing political corruption that will only benefit the wealthy. Furthermore, the religious freedoms granted to some corporations is having an influence on individual rights. Moreover, recent attempts of corporations denying law officials is risking the national security of all Americans. As long as corporations are legally limited to rights that do not affect individual liberties, this issue would be less severe than it is today. For a solution, it is the duty of the Supreme Court to repeal the rights they have given to corporations. If the corporations are still favored, it is only right that Congress proposes a constitutional amendment that clarifies the legal rights of corporations. As a whole, this solution will make corporations have knowledge of their legal standing as well as diminish rulings done on a case-by-case

The videos by Milton Friedman and Michael Sandel both cause the viewer to think outside the box. Milton Friedman’s video talks about and explodes the myth that the government can provide products for their customers at no one's expense. Harvard professor Michael Sandel’s video argues that the free market economics have affected the American person’s perception of ethics and value. According to Professor Sandel by emphasizing the value of goods, Americans may be moving away from emotional and social worth.

In the book, The Corporation Joel Bakan presents arguments, that corporations are nothing but institutional pathological psychopaths that are “a dangerous possessor of the great power it wields over people and societies.” Their main responsibility is maximizing profit for their stockholders and ignoring the means to achieve this goal, portrays them as “psychopathic.” Bakan argues that, corporations are psychopaths, corporate social responsibility is illegal, and that corporations are able to manipulate anyone, even the government.

Capitalism has been the subject of ethical criticism since it was first introduced into society. I defend the morality of capitalism because it gives people incentive to work, establishes a web of trust between them, satisfies their material well-being, and generates a wide spectrum of prosperity.

Capitalism started up as a system of investing and sharing money in order to increase the value of resources in the future. Capitalism was just an economic system, but then soon turned into a complex system of ethical practices. Harari defines capitalism as, “a set of teachings about how people should behave, educate their children and even think” (Harari 314). This economic system evolved along with the people that were endorsing it. Capitalism enables the rich to get richer, while the poor continue to get poorer. There are many benefits to capitalism, but there are downfalls as well, and these downfalls tend to be masked because of the rapid speed capitalists grow at. Harari first presents a definition for capitalism, and soon goes into great detail on why capitalism, while fast paced and unforgiving, is able to stand unwavered while other productions fail.

Capitalism is an economic system in which industry, trade and factor and means of production are controlled by private investors or owners with an aim of making profit in a market economy. It affects the rate of capital accumulation, labor wage and the control of competitive market. This usually affects the economy of different societies since the government has no control over the economy. The forces of capitalism greatly affect the societies in that the poor continues to be poorer while the reach society continues to accumulate wealthy and become richer. It widens the income disparity gap. It influences both the economic aspect and social aspect of the societies largely. This mainly is influenced by the forces that

Capitalism is a subject that can be considered deeply controversial. There are many who tout the benefits that capitalism provides to the economy and the progress of human society. There are others who decry that it is a system which promotes selfish motives and extols profits above honesty and genuine goodness. This essay will examine the claims of each and will reach to conclude the answer to the question “is capitalism good?”

Exxon-Mobil is the world’s largest privately owned multi-national oil and gas company (Skjaerseth 2003). For companies as large as ExxonMobil, which possess considerable capital resources and are able to exert considerable power and influence, society is increasingly demanding that they behave in a socially responsible manner (Diara, Alilo, and McGuire 2004). There is a growing expectation that companies will adopt a business approach that illustrates responsibility to society above and beyond the economic function and legal performance of the firm (Gibbs 2009). This expectation can be understood as an implicit social contract. One of the underlying