Michael Sandel discusses the moral implications of market influences on society, including paying for grades, incentivizing behaviors, and market intrusion into public life. The podcast explores the impact of market values on public health decisions and the ethical considerations of using financial incentives to drive behaviors. Sandel challenges the idea of allowing money to dictate values and emphasizes the importance of engaging in public discourse to protect moral and civic goods.
Monetary incentives erode intrinsic values in decision-making.
Market intrusion raises the need for civil debates on moral dilemmas.
Deep dives
Money and Market Intrusion in Public Life
The lecture delves into the intrusion of money and markets into various aspects of public life, sparking a debate on the moral implications. It questions the role of monetary incentives, like paying drug-addicted women to be sterilized, and highlights the erosion of values and responsibilities when monetary transactions replace intrinsic motivations.
Dissolving Intrinsic Values with Money
Money's influence in public life reframes moral dilemmas, such as the impact of paying students for grades or incentivizing health behaviors. The lecture emphasizes the tendency for money to replace intrinsic values, leading to ethical dilemmas in decision-making and public discourse.
Challenges in Public Discourse
The lecture underscores the scarcity of spaces for nuanced public discussion on moral issues in a market-driven society. It raises concerns about the need for civil, respectful debates on values and ethics in various institutions and social platforms.
Considerations for the Common Good
Questions surrounding market intrusion into public life point to deeper reflections on promoting the common good versus individual interests. Insights from debates on topics like decriminalizing marijuana serve as a call to shift discussions towards collective well-being and the shared values essential for society.
Should we pay children to get good grades? Is it ethical to pay people to test risky new drugs or to donate their organs? What about hiring mercenaries to fight our wars, or selling citizenship to immigrants willing to pay? Michael Sandel is one of the world's most acclaimed and popular political philosophers. He has given the BBC Reith lectures and his online lectures for Harvard University attract millions of views. In this talk from May 2012 he looked at the role of markets in a democratic society, and asked how can we protect the moral and civic goods that markets do not honour and money cannot buy?
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