CHAPTER FOURThe High Cost of Mission Drift

Why Human Values and Market Values Don’t Mix

At first sight, the belief that capitalism will spread equality and justice throughout the world seems far-fetched. How can a philosophy rooted in money and self-interest give rise to societies that are ruled by love? After all, markets were designed to facilitate the exchange of goods and services under a limited definition of efficiency that had little to do with moral or social goals. Yet the broader effects of capitalism have animated debates in all societies at least since Adam Smith, who was so agitated by this question that he wrote two different books in search of a single answer. One of them changed the world, and the other, sadly, has all but been ...

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