12/02/2005

Is Adam Smith's "Free Market" Economics The Cause of Today's "Super Brats?"

Super Brats: Offspring of the Market
The implications of the market becoming the central institution of society

With the spread of free market economics globally we are now faced with a historical aberration. For the first time in the history of humanity the market has been moved to the centre of society replacing family, church, community and even democratically elected governments in terms of the influence it exerts on our lives. For the first time in the history of humanity we are forced into trying to live by two sets of rules, or two opposing moralities. In our economic life we are forced to follow the moral imperatives of the market which are self-interest and competition, and in our private lives we try and live up to the traditional moral ideals of selflessness, altruism, sharing and cooperation. But what if the economists who argue that we are rational enough to distinguish between the two sets of circumstances are wrong and that the morality of the market is starting to replace traditional morality?

Read more: Ohmy News

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