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Outcomes that result from choices made in a free market are inherently morally right

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Outcomes that result from choices made in a free market are inherently morally right
Subjects
Capitalism
Free market
Morality
Linking arguments
It is morally acceptable to do anything that does not initiate force



Note: For the purposes of this argument, the term free market is defined as "a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at". Murray Rothbard


Supporting arguments

Choices made in a free market are by definition fully informed and voluntary. Because people make choices in their own self interest, and choices in a free market are by definition fully informed and voluntary, all transactions are beneficial for all of the involved parties. All of the outcomes that result are therefore morally right. [1]

Opposing arguments

Free markets can never exist in any significantly durable form. They never have and never will. Can you supply this point with a source that proves it is earnest? Do it yourself or provide the link on the talk page.


People do not necessarily make fully informed choices. This results in market outcomes that are less than ideal, both in terms of their effect on some or all of the individuals involved as well as society as a whole. [2]


Free markets promote self-interested behavior, instead of behavior guided by morality. This means that markets often result in immoral outcomes. [3]


In unregulated economies, wealth inequality becomes exacerbated, which is unfair and harmful. [4]

Notes

  1. Murray Rothbard
  2. Paul Treanor
  3. Douglas J. Amy
  4. atrasicarius
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