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Article

17 Jul 2009

Author:
BBC

[DOC] Reith Lectures 2009: A new citizenship - Presenter: Professor Michael Sandel - Lecture 1: Markets and Morals

There’s now a widespread sense that markets have become detached from fundamental values, that we need to reconnect markets and values...Looking back over three decades of market triumphalism, the most fateful change was not an increase in the incidence of greed. It was the expansion of markets and of market values into spheres of life traditionally governed by non-market norms. We’ve seen, for example, the proliferation of for profit schools, hospitals and prisons; the outsourcing of war to private military contractors. We’ve seen the eclipse of public police forces by private security firms...