A space for sharing and discussing news related to global current events, technology, and society.
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© 2020 Relevant Protocols Inc.
A space for sharing and discussing news related to global current events, technology, and society.
69385 Members
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
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“Consumer welfare,” rather than citizen welfare, is our primary concern. We assume that rising share prices signify something good for the economy as a whole, as opposed to merely increasing wealth for those who own them. In this process, we have moved from being a market economy to being what Harvard law professor Michael Sandel would call a “market society”, obsessed with profit maximisation in every aspect of our lives. Our access to the basics – healthcare, education, justice – is determined by wealth. Our experiences of ourselves and those around us are thought of in transactional terms, something that is reflected in the language of the day (we “maximise” time and “monetise” relationships).
“Consumer welfare,” rather than citizen welfare, is our primary concern. We assume that rising share prices signify something good for the economy as a whole, as opposed to merely increasing wealth for those who own them. In this process, we have moved from being a market economy to being what Harvard law professor Michael Sandel would call a “market society”, obsessed with profit maximisation in every aspect of our lives. Our access to the basics – healthcare, education, justice – is determined by wealth. Our experiences of ourselves and those around us are thought of in transactional terms, something that is reflected in the language of the day (we “maximise” time and “monetise” relationships).
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