The Morality of Markets & Governance

As a first stab at trying to elucidate an
alternate morality based on principle (not merely pragmatism) for critiquing
Libertarian policies, I’ve tried to summarize my (our?) views on Markets and
Governance. Here’s a refined
version.

The Morality
of Markets &
Governance

Draft 4,
3/9/2005

1.
Purpose

a)
Morality

The point of individual liberty
is to promote public good

The point
of public good is to
promote individual liberty

b)
Systems

The point of the Market to
recognize individual good

The point
of Governance to
recognize public good

2. 
Ideology

a)
Complementarity

Democracy is applying the
Market to Governance

Regulation is
applying Governance to the
Market

b)
Exclusivity

Anarchists want the Market to
do Governance

i.e., public good is subsumed
by individual good

Communists want Governance
to do the Market

i.e., individual good is
subsumed by public good

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