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Is The Free Market Ethical

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Running head: IS THE FREE MARKET ETHICAL? Is the Free Market Ethical? Names: Institution: 1 IS THE FREE MARKET ETHICAL? 2 Is the free market ethical? Three sentences key to the article • When one speaks of what people should consume, or what a worker should earn, these “shoulds” are moral considerations. This sentence is key as it helps build the idea that free markets should constitute utmost freedom and no coercion at all. On the same note, it helps in building the issue of ethics surrounding free markets. • In a free market the transactions are voluntary. This sentence indicates that no one is coerced to engage in a transaction, which means that the markets are ethical regardless of the terms that the parties involved in the transaction (the buyer and the seller) set for one another. • Thus, the basic moral principle compatible with moral equality is that no one may im ...
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