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The possibility that market interaction may erode moral values is a long-standing, but controversial, hypothesis in the social sciences, ethics, and philosophy. To date, empirical evidence on decay of moral values through market interaction has been scarce.
We present controlled experimental evidence on how market interaction changes how human subjects value harm and damage done to third parties.
In the experiment, subjects decide between either saving the life of a mouse or receiving money. We compare individual decisions to those made in a bilateral and a multilateral market. In both markets, the willingness to kill the mouse is substantially higher than in individual decisions. Furthermore, in the multilateral market, prices for life deteriorate tremendously. In contrast, for morally neutral consumption choices, differences between institutions are small.
Many people express objections against child labor, exploitation of the workforce or meat production involving cruelty against animals. At the same time, however, people ignore their own moral standards when acting as market participants, searching for the cheapest electronics, fashion or food. Thus, markets reduce moral concerns.
This is the main result of an experiment conducted by economists from the Universities of Bonn and Bamberg.
Do Markets Erode Moral Values? People Ignore Their Own Moral Standards When Acting as Market Participants, Researchers Say.
"To study immoral outcomes, we studied whether people are willing to harm a third party in exchange to receiving money.
I think money, just like any other vice (drugs, religion, booze, food, ect) doesn't corrupt a person but actually REVEALS them. If money can corrupt a moral person then I argue that the person wasn't moral to begin with but simply found his/her vice.
A truly moral person wouldn't/couldn't be swayed into immoral behavior with money or anything else.
Another poster in this thread mentioned Black Friday, is it the stores fault for offering cheap crap or the people for trampling their fellow human beings for said cheap crap?
So markets are simply choices people make daily.
I don't think "markets" corrupt but that a market reflects a populous