Why a Market Model Is Destroying the Safeguards of the Professions

“We are all customers now; we are all supposed to be kings. But what if ‘being a customer’ is the wrong model for healthcare, education, and even highly specialised crafts and trades? What the market-based model overlooks is hyperspecialisation […]. We depend on other people’s knowledge and expertise, because we can learn and study only so many things in our lifetimes. Whenever specialist knowledge is at stake, we are the opposite of a well-informed customer. […] But it can be hard to trust professionals forced to work in neoliberal regimes.”

The Downside of Doing Good with a Market Mindset

“In his provocative new book “Winners Take All” [which “grew from a controversial talk he made in 2015″] Giridharadas contends that the wealthy philanthropists and other prominent social change leaders co-exist in a parallel universe he calls ‘MarketWorld,’ where the best solutions to society’s problems require the same knowhow used in corporate boardrooms. That is because MarketWorld, as he sees it, ignores the underlying causes for problems like poverty and hunger.”

The Economics of ‘Cash for Cane Toads’ – A Textbook Example of Perverse Incentives

“Hanson’s proposal involves paying welfare recipients 10 cents for each toad they collect (alive) and hand over to their local council. The council would then kill the toads humanely in large freezers. […] That’s the crux of why this payment scheme wouldn’t work. Setting a high price perverts the incentives, while setting a low price crowds out intrinsic motivations. In either case, taxpayer money is wasted and the toad problem is potentially made worse.”

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