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Markets and Morals- - Essay Example

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According to them, prices are controlled by prevailing market conditions whereby if the supply is low, there will be a correspondent increase in the prices. But this, on the other hand, stimulates more supply…
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Markets and Morals-

Download file to see previous pages... The skeptics argue that there is the welfare of the society cannot be made by charging exorbitant prices during hard times. If there is social welfare to be considered, it should factor in the pain and suffering to the customers who buy those who may buy such high priced products. In their argument, some people cannot afford and hence may opt just to stay and die since the products and services are out of their means.
They also argue that free markets are not always free under certain conditions. For instance, when the hurricane hit Florida, the need to have a safe shelter is no longer a freedom of choice. They are under duress to have such kind of products hence unethical to claim that the market is free
Drafting soldier implies enlisting them whereby the candidates are chosen on the ground of suitability. On the other hand, hiring means having a lottery where the desired number is selected to join the military services.
There are two ways whereby soldiers can be recruited. One is where the soldiers would be picked by the government to serve the public through a lottery system, and the other one is where there is a voluntary choice of joining the army where attractive salary packages.
Volunteering, according to utilitarian, will be unjust to the civil obligations which require everyone to serve the nation. On the other hand, it is unjust since it may not be free as some candidates cannot find better engagements owing to the inadequacy of skills. In any effect, it may not produce the best candidates as compared to the coercive process.
According to Libertarians, sometimes the economic conditions might not allow one to choose for the army position. The jobs might be so restricted whereby there is no option for free will since one need to have the economic engagement in order to live.
Libertarian have objection argues that it should be treated as civil obligation for the citizens have a duty to serve ...Download file to see next pagesRead More
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