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[T]he free market may be a good, bad or insufficient idea, but, in any case, it is just a crude commercial code. Now it is regularly equated with or given credit for or even precedence over the freedom of man. But the freedom of man is a moral statement on the human condition, both in the practical and in the humanist sense. To equate it with a school of business is to betray a certain confusion. An unconscious unease.

John Ralston Saul#14

EthicsBusinessEconomicsFreedomPhilosophy

About this quote

What does it mean?
The free market is a business tool, not a moral framework for human freedom. Equating commerce with human liberty reveals a conceptual confusion.
In plain terms
Buying and selling is not the same as being free as a person.
What can you take from it?
Do not confuse economic models with human rights.

Where it applies

  • policy making
  • economic debate
  • philosophical discussion

Putting it to work

  • separate markets from rights
  • evaluate business on utility
  • define freedom broadly

Questions to consider

  • What is true freedom?
  • Should economics guide ethics?

Another view

Markets can expand freedom by offering choices and wealth.

More from John Ralston Saul

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  2. [Modern capitalism] is masterful at producing services people don't need and in large part probably don't want. It is brilliant at convincing people that they …

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  3. The rational elites, obsessed by structure, have become increasingly authoritarian in a modern, administrative way. The citizens feel insulted and isolated. Th…

    Permalink to quote #12

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