Take, for example, a software engineer making $250 per hour working for some hi-tech start-up. One day her elderly father has a stroke. He now needs help with shopping, cooking and even showering. She could move her father to her own house, leave home later in the morning, come back earlier in the evening and take care of her father personally. Both her income and the start-up’s productivity would suffer, but her father would enjoy the care of a respectful and loving daughter. Alternatively, the engineer could hire a Mexican carer who, for $25 per hour, would live with the father and provide for all his needs. That would mean business as usual for the engineer and her start-up, and even the carer and the Mexican economy would benefit. What should the engineer do?
Free-market capitalism has a firm answer. If economic growth demands that we loosen family bonds, encourage people to live away from their parents, and import carers from the other side of the world – so be it. This answer, however, involves an ethical judgement rather than a factual statement. No doubt, when some people specialise in software engineering while others spend their time taking care of the elderly, we can produce more software and give old people more professional care. Yet is economic growth more important than family bonds? By daring to make such ethical judgements, free-market capitalism has crossed the border from the land of science to that of religion.
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