
Saved by sari
Mark Carney on how the economy must yield to human values
Saved by sari
“Our economy is at war with many forms of life on earth, including human life,”45 and sometimes the solution: we need a “Marshall Plan for the Earth.”
Put another way, there must be a lot of people missing out on what they need to survive in order for the economy to grow or in order for anything to have value.
But why must we always defer to the wisdom of the crowd when it comes to allocating scarce capital in a market economy? We seem to have unintentionally deprived ourselves of the opportunity to engage in a critical discussion about the businesses and endeavors that ought to exist, not merely the ventures that could.
We have, as Michael Sandel4 of Harvard has argued, been so eager “to banish notions of the good life from public discourse,” to require that “citizens leave their moral and spiritual convictions behind when they enter the public square,” that the void left behind has been filled in large part by the logic of the market—what Sandel has described as
... See more