Repugnant market

Editor-In-Chief: C. Michael Gibson, M.S., M.D. [1]

Overview

A repugnant market is a term used to describe an area of commerce that is considered by society to be outside of the range of market transactions and that bringing this area into the realm of a free market would be inherently immoral or uncaring. For example, many people consider a free market in human organs to be a repugnant market or the ability to bet on terrorist acts in prediction market to be repugnant.

Repugnant Markets

Repugnant Today

Illegal drug trade
Prostitution
Organ trade and Organ donation from a live donor (except in Turkey and The Philippines) ^[1] ^[2] ^[3]
Horse meat (in California)
Payola
Adoption (purchase from birth parents)
Egg donation (for research purposes)
Prediction markets (in some instances e.g. 'terrorism futures market')
Citizenship / Immigration ^[4] (Investor Visas, such as the U.S. E-2 visa are exceptions)
Product placement ^[5] (in France and some European countries, though soon to be relaxed)
Votes ^[6]
Real estate ^[7] (in Cuba)
Commercial Surrogacy ^[8] (legal in India and most US states, banned in Australia, France, Japan, and several U.S. states)

Once Repugnant, Now Not

Cadavers
Mercenaries
Interest on loans (still repugnant in some countries/cultures)
Short selling
Currency speculation
Life insurance
Gambling (still repugnant in some countries/cultures)
Metered Parking ^[9]
Birth control (still repugnant in some countries/cultures)
Pornography (still repugnant in some countries/cultures)
Alcohol (see Prohibition of alcohol)

Once Not Repugnant, Now Repugnant

Indentured Servitude
Slavery
Tobacco advertising (varies by form and location)
Alcohol advertising (varies by form and location)

References

External links

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Template:WikiDoc Sources

[1] Desperately Seeking a Kidney New York Times

[2] Organ Sales and Moral Travails: Lessons from the Living Kidney Vendor Program in Iran Cato Institute

[3] Human Organs for Sale, Legally, in ... Which Country? Freakonomics Blog

[4] Radically Economic Immigration Policy by Richard Freeman

[5] In the picture The Economist

[6] What is Vote Buying? by Fredric Charles Schaffer and Andreas Schedler

[7] With a Whisper, Cuba’s Housing Market Booms The New York Times

[8] India Nurtures Business of Surrogate Motherhood The New York Times

[9] When Parallel Parking Was New and Meters Seemed Un-American Wall Street Journal Online

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