Unfortunately, we never had that debate during the 30-year rise of “market triumphalism. As a result, without quite realizing it — without ever deciding to do so — we drifted from having a market economy to being a market society.”
And “the difference is this: A market economy is a tool … for organizing productive activity. A market society is a way of life in which market values seep into every aspect of human endeavor. It’s a place where social relations are made over in the image of the market.” The difference is profound.
Not only did the debate never happen. It may never. Why? Because politicians aren’t up to debating values, may be pushing us past the point of no return.