The Reith Lectures
A New Politics of the Common Good
Jun 30, 2009
Professor Michael Sandel delivers lectures on the prospects of a new politics of the common good, discussing the need for moral and civic renewal in democratic politics, the limitations of market-centered governance, and the importance of democratic deliberation and reflection on preferences. He also addresses the dissatisfaction with politicians and the desire for a new kind of politics.
42:52
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Quick takeaways
- Market mimicking governance prioritizes efficiency and consumer preferences over distributive justice and democratic ideals.
- A new politics of the common good emphasizes civic engagement, public welfare, and the cultivation of community.
Deep dives
The Limits of Market Mimicking Governance
One characteristic of modern governance is the tendency to rely on market-like mechanisms to address societal issues and market failures. This is known as market mimicking governance. For instance, cost-benefit analysis is often used to determine the value of goods and services in order to make policy decisions. However, this approach has limitations, as it fails to account for non-monetary values such as human life. Additionally, market mimicking governance tends to prioritize efficiency and consumer preferences over broader considerations of distributive justice and democratic ideals.
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