Almost without realizing it, we have drifted from having market economies to becoming market societies. A market economy is a tool for organizing productive activity, while a market society is a place where almost everything – from our bodies to our politics – is up for sale.
TOKYO – Today, there are very few things that money can’t buy.
If you are sentenced to a jail term in Santa Barbara, California, and don’t like the standard accommodations, you can buy a prison-cell upgrade for about $90 per night.
If you want to help to prevent the tragic fact that, each year, thousands of babies are born to drug-addicted mothers, you can contribute to a charity that uses a market mechanism to ameliorate the problem: a $300 cash grant to any drug-addicted woman willing to be sterilized.
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