5° Task. Michael Sandel: What Money Can't Buy: The Moral Limits of Markets

     

Michael Sandel: What Money Can't Buy: The Moral Limits of Markets 

https://www.youtube.com/watch?v=GvDpYHyBlgc&t=735s 

1. How does Michael Sandel support the thesis that "over the past three decades we have drifted from having a market economy to becoming a market society?"
   A market economy is a tool for organizing a productive activity, the market economy has brought prosperity and affluence countries around the world. A market society is a place where almost everything is up for sale.
2. What sorts of arguments are offered for and against the assumed proposal of paying young children two dollars for every book they read?
   Arguments in favor:
   - Financial incentives for educational goals
   - The love for books can be remedied by money
   - Get paid for something that you love
   - Money as a jump start to get children love reading
   Against: 
   - With the payment teachers or parents are using the wrong behavior, the wrong incentive
   - The incentive is not measuring the right thing
   - Passion and love are things that money cannot buy
   - Expect a reward for everything children do
   - Children get addicted to the cash anytime they read a book
3.  Now, what is your standpoint about cash incentives at school or at home to encourage students to read more books?
   My standpoint about cash incentives at school could be at the beginning but once they have the habit of reading I would stop the incentive because they have learned the lesson, they have love reading.
4. When Michael Sandel contends that "this tendency of markets and cash incentives of crowding out nonmarket goods, higher goods, can be seen in many spheres of social life, what sort of "higher goods" do you think he is referring to?
   I think he is referring to the thought that people have today about that everything can be bought. Nowadays, people think that everything can be possible through money. For example, people pay for the integrity of a person, pay for votes, pay for say lies, for everything. Many people do not have enough dignity. 
5. What kind of nonmaterial goods do you think have been crowded out by market transactions in Colombia?
   As I said before it is common in Colombia that political aspirants pay for votes in order to win the votings.
6. What should be the role of money and markets in our Colombian society?
   The role of money and markets in Colombia should be focus only on their interest and have a clear idea that the ethical values never will never be bought.