“As engines of economic growth, markets extend the frontiers of human well-being; as sites of innovation, they expand the boundaries of human imagination; as a non-coercive means of coordinating behavior, they diminish the threat of tyranny. However, markets can also concentrate economic power in a way that limits individual opportunity, stifles innovation, and distorts public discourse. The need to respond to market incentives can distort relationships, dissolve communities, and harm the natural environment. The extension of markets into education, health care, and criminal justice threatens to undermine the distinct aims that those institutions were designed to promote. How do markets promote or hinder human well-being? What is the relationship between economic freedom and other freedoms? What are the proper limits of markets? What, if anything, should not be for sale?”
Pretty sure capitalism will be bashed in this photo contest promoted by Center for Ethics and Human Values at Ohio State University. The solutions will be, of course, more government control. . . because markets
- concentrate economic power
- limit individual opportunity
- stifle innovation
- distort public discourse
- distort relationships
- dissolve communities
- harm the natural environment
- undermine distinct aims of institutions
- hinder human well-being
- proper limits
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