3min chapter

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The moral limits of markets / The problem with meritocracy (Michael Sandel)

Rationally Speaking Podcast

CHAPTER

The Corruption of Values

My biggest question about the corruption objection was whether your concerns about corruption of values are ultimately consequentialist or not. And here, consequentialism may be too broad because it covers two ways. Take the blood example. Suppose allowing a market in blood donation does lead to fewer people to donate blood in the long term. This would be a consequentialis argument against it - strictly from the standpoint of maximising the supply of safe blood over time. But there is a further objection, which is eroding the impulse in society, the norms about altruism and regarding the body or health as sacred goods. Now you could, i suppose, call that a consequentials effect, but it's not consequentialist.

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