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“With the collapse of communism, markets and the political theories that
advocate expanding the market have been enjoying a considerable
resurgence,” writes Stanford University professor Debra Satz in her new book, “Why Some Things Should Not Be for Sale: The Moral Limits of Markets.”
“Markets are not only spreading across the globe, but they are also
extending to new domains, such as environmental pollution. For many
people market institutions are assuming the role of an all-purpose
remedy for the defects of the cumbersome government bureaucracies of the
Western world, the poverty of the Southern world, and the coercive
state control of the planned economies. This remains true despite the
recent economic downturn.”