Thursday, September 11, 2014
Darby Quast, Chapter 1, Question 6
The statement "the market is amoral" really stood out to me while reading chapter one. I find it interesting that in our country something like diamonds (which is relatively useless) is worth so much while water is almost free. Like it said in the book, if there were no diamonds in the world, our lives would be unaffected. With no water, we wouldn't be able to live. Another example given was how health care is not provided to the poor, while some of the most talented doctors are using their time giving face lifts and breast enhancements. The reason for all of this is the fact that the market provides for things that people want to buy, rather than what they need. Although it does come with some problems, having a market economy is also very beneficial to the consumer. Because there is so much competition, companies are constantly trying to produce bigger and better products, for cheeper. Whether it is the new iPhone or pain medication, things are always being improved, consequently improving the consumers every day life.
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