St. Maximos' Hut

Morality and markets
There's a great essay at Tech Central Station by Arnold Kling on why the Maryland Wal-Mart law is a bad idea from the point of view of helping Wal-Mart workers.

His conclusion:

Liberals see the market as an arena in which evil corporations inflict their greed on innocent victims. I wish you would see that motives matter less than consequences. I wish you could see that greed is at work when laws are passed that regulate markets, because regulations always produce winners and losers. I wish you could see that those winners and losers are often not who you think they are. I wish you could see that competitive behavior and free choice are forces that operate in the market as a check against greed. Finally, I wish you could see that greed is most difficult to restrain when it is exercised through the medium of government.




I'd say that makes it immoral too.
Posted by Andy Morriss on Tuesday January 17, 2006 at 3:38pm

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