The Importance of Morality in Markets

I love Joe Stiglitz's comment on the invisible hand. As Joseph Stiglitz said the reason the invisible hand seems invisible is because it's not really that. Well it was a very tribal essay in one sense but it was also quite compelling and well it was intellectually tribal I mean it wasn't me saying boo his to the Australian banks or anything like that through a Royal Commission process. It was saying markets operate for a purpose which is to serve society and the polity that markets are not moral endpoints in themselves.