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| Remember: Not everything is up for sale |
Many countries around the world adopted the market economy for organizing productive activities and for the greater good. However, since the last couple of decades, we have moved way too much towards market society—it's a way of life in which market values intrude into every aspect of human endeavor. We have ingrained the mindset that we can sell anything or it's very much possible to put everything up for sale. Many of these undertakings have seen mentioned in the aforementioned examples. These instances are not exhaustive. There are many more examples out there. Modern warfare can be outsourced—you can hire a mercenary army to fight for you against your enemies on the battlefield. It happened during the war in Afghanistan. You can hire private security forces for your own safety. The rampant rise of private security firms is an example. Even to be a state head, to win an election, you have to buy public consensus by fair means or foul. Billions of dollars are spent in the election campaign. But why? It's to manipulate and buy our free will and democratic rights deceitfully. And we are ready to be deceived in exchange for money, aren't we? So, democratic values are also up for sale. There are even machinations in place to rig an election result and the stakeholders involved are doing this for personal gains—selling conscience in exchange for money. Money can win an election for you these days. So true! Once elected then there are different interest groups and crony lobbyists to influence policymakers. It's a complex cycle in which transactional relationship builds up to reap respective benefits. It is an unprecedented tendency to commoditize even the very unusual aspects of our societal life. The rituals performed when life ends are now commodity objects. Funeral, cremation, or burial can be done by hired professionals, and graveyard plots are for sale thanks to the innovative business idea of entrepreneurs resolving land scarcity problems in crowded busy cities. Then there is a shadow economy where all sorts of illicit activities—human trafficking, prostitution, smuggling, drugs, cyber-crime, contract cheating, heist, murder—are perpetrated for money. Even after facing an existential threat, we don't even care for the natural world and climate anymore for profiteering through multifarious commercial means. The market economy has gone too far and now emerged as a market society.
The moral consequences of drifting from having a market economy to being a market society are not good at all. We are putting our moral and civic goods for sale. The moral limits of the market are getting blurred. The distinguished professor of Harvard University Michel Sandal asks some burning questions: should we pay children to read books or to get good grades? Is it ethical to pay people for being guinea pigs in new drug testing? Is it ethical to outsource inmates to for-profit prisons? Is it ethical to sell pollution rights to industries in exchange for a mere monetary or nonmonetary penalty? Is it ethical to auction admission to prestigious universities? Is it ethical to sell citizenship to immigrants in exchange for money or investment? The answer to these questions is straightforward— these practices are not ethical at all. If we don't rein in the limit of the market and the way things are continuing, probably one day we will put ourselves for sale. Our dignity as humans will dissipate and subsequently, our very existence in society will dilute gradually. The ascendancy of being human will be questionably disputed. Before monetizing anything, we need self-reflection and the irreparable damage it may inflict. We are distinct from other creatures because we have a conscience and that very conscientiousness assists us to dominate the world. Let us not sell this invaluable virtue and relegate ourselves to a dark abysmal pit.
N. B. This blog post is an excerpt of the paper titled Market Economy to Market Society: Our Inadvertent Transition towards an Unsettled Future, published in Social Change: A Journal for Social Development, vol. 10, no. 1, pp. 184-194.
By
Md Azzajur Rahman
Date: 05-05-2020 @07:27 am
By
Md Azzajur Rahman
Date: 05-05-2020 @07:27 am

Good one. Don't you think not selling everything will deteriorate the GDP of a country? If it is about our positive economic growth and development, so why not selling everything? Please share your prudent view regarding this.
ReplyDeleteWell, there is no argument against vibrant market economy which is required to boost up GDP. Problem is when market economy turns to market society as market values enter into every sphere of our life and push us towards the moral downfall in terms of selecting what to sell and what not to sell.
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