Many defend unrestricted capitalism on the ground of its efficient outcomes. A free market society has a higher productivity compared to any other productive systems and it allows for the greatest overall satisfaction of preferences. On the opposite side many others pointing to the inequalities markets bring about, charge capitalism for falling short of moral standards.
Fabrizio CIatti has recently graduated from master's programme in philosophy and economics at Erasmus University in Rotterdam. The text below is an excerpt from his thesis.