Michael Sandel: Why we shouldn't trust markets with our civic life

The video explores the pervasive role of money and markets in society, highlighting how market mechanisms have infiltrated various aspects of life, from prison cell upgrades to education. It contrasts market societies with market economies, emphasizing the impact on inequality and social values. The discussion includes a debate on cash incentives in education, questioning whether they undermine intrinsic motivation. The video concludes by examining how marketization affects democracy and commonality, urging a public discourse on the moral implications of market-driven practices.

What are the implications of money being able to buy almost everything in society?

How does the concept of a market economy differ from that of a market society?

What concerns arise from the marketization of essential goods and services?

In what ways can cash incentives affect children's intrinsic motivation to learn?

What are the potential consequences of market mechanisms entering social practices like education?

How can market thinking change the meaning of social practices?

What is the significance of public discourse in discussing the value of social practices?

How does rising inequality relate to the marketization of everyday life?

What role does democracy play in the context of market societies?

What are the moral and civic goods that markets may not honor?