Friday, November 18, 2005
The wider extended order
Russell Roberts considers the questions:
[W]hy is it destructive to treat the wider extended order, the world of the marketplace in the same way that we treat our brothers and sisters, our husbands and wives. Why is it destructive of civilisation (a very bold claim) to ask businesses to share their profits in good times or to treat workers with more compassion than the profit motive alone provides? Yes, the profit motive when combined with competition encourages businesses to treat its workers and customers well, but wouldn't it be better for those businesses to go beyond profits and treat workers and customers even better?Read his answers here. Or read Hayek.