In the past three decades, says Michael Sandel, the US has drifted from a market economy to a market society; it’s fair to say that an American’s experience of shared civic life depends on how much money they have. (Three key examples: access to education, access to justice, political influence.) In a talk and audience discussion, Sandel asks us to think honestly on this question: In our current democracy, is too much for sale?
Comment Ruud Gal:
What for me was a big insight in this TED-Talk is that in immaterial transactions, the value changes while in material transactions, the value remains what it was. This is one of the big assumptions under the market mechanisms. This insight questions the quality of impact of introducing market mechanisms in health care, culture, education etcetera.