Michael Sandel: From market economy to market society

The video explores the moral dilemma of the role of money and markets in society. It discusses how market values have permeated various aspects of life, transforming a market economy into a market society. Examples include prison cell upgrades, incentives for sterilization, and advertising on foreheads. The video also examines the commodification of social practices, such as friendship and wedding toasts, and the implications of product placement in literature. It questions the impact of market mechanisms on the value and meaning of goods and social practices.

What role do market values play in everyday life according to the text?

How does the text suggest that the value of goods can be diminished by their purchase?

What is the author's perspective on the commodification of social practices?

What are the implications of product placement in literature as discussed in the text?