Welcome to America, where everything is up for sale

Markets and Morals

By NICHOLAS D. KRISTOF, NYT

Does it bother you that an online casino paid a Utah woman, Kari Smith, who needed money for her son’s education, $10,000 to tattoo its Web site on her forehead?

Or that Project Prevention, a charity, pays women with drug or alcohol addictions $300 cash to get sterilized or undertake long-term contraception? Some 4,100 women have accepted this offer.

Michael Sandel, the Harvard political theorist, cites those examples in “What Money Can’t Buy,” his important and thoughtful new book. He argues that in recent years we have been slipping without much reflection into relying upon markets in ways that undermine the fairness of our society.

That’s one of the underlying battles this campaign year. Many Republicans, Mitt Romney included, have a deep faith in the ability of laissez-faire markets to create optimal solutions.

There’s something to that faith because markets, indeed, tend to be efficient. Pollution taxes are widely accepted as often preferable than rigid regulations on pollutants. It may also make sense to sell advertising on the sides of public buses, perhaps even to sell naming rights to subway stations.

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