Background and Introduction: In this April 2012 issue Article published in the Atlantic, its author, Michael Sandel endeavors to present a credible case as to why, how and the extent to which the current proliferation, penetration and progression of all-permeating market-drive society, wherein everything tangible has a price-tag and is saleable, obviously for a price.
This is indeed a far cry, for say several decades ago, wherein the sustenance and sustainability of market economy ensured the commoditization of just commodities, goods, services and products and not the all-pervading human values, culture constructs and way of human living, as is prevalent today.
However, most of what Sandel has written about is common knowledge, understood even by school children and he has certainly not introduced any new,
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This is exacerbated by glaring inequalities and mal-distributions, not only of wealth and products of wealth, but also of human’s abilities to cope effectively with crises situations, worsening public policies and practices, and most of all, widening gaps in economic status and buying powers of humans in societies.
However, while market diseconomies have not been thrust upon consumerist societies, stakeholders, governance and consuming public have failed to see the writing on the triumphalism walls and acted in time to avert the crises- thus it is not just the system to blame but all of us, especially producers, distributors and consumers who thought that they good time would last forever- which, unfortunately this has not