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Argument: Free market economies self-regulate socially, ethically, and morally

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General supporting evidence

  • Martin Wolf, Why Globalization Works?. Yale University Press. 2004. ISBN 0-300-10777-3. pp 53. - "Intelligent critics are prepared to accept that a sophisticated market economy works far better than any other economic system. But they would proceed to complain that markets encourage immorality and have socially immoral consequences, not least gross inequality. These views, albeit common, are largely mistaken...All complex societies are unequal. In all societies people (generally men) seek power and authority over others. But, among sophisticated societies with an elaborate division of labour, societies with market economies have been the least unequal and the inequality they generate has been the least harmful."

Companies must maintain their reputations as socially responsible

  • Martin Wolf, Why Globalization Works?. Yale University Press. 2004. ISBN 0-300-10777-3. pp 56. - "Companies are concerned about their reputations and will act to protect them, in response to campaigning against them. For these reasons, effective environmental pressure groups have emerged only in market democracies."

Free markets and free trade benefit the environment

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