← All questionsGS4 · 2017 · Ethics Theory ·Shared Moral Values for Law, Democracy, Market
QUESTION 8(b)
GS4
10 marks

Without commonly shared and widely entrenched moral values and obligations, neither the law, nor democratic government, nor even the market economy will function properly. What do you understand by this statement? Explain with illustration in contemporary times.

WRITE IN
7 min
150 words

What the examiner wants

Explain why law, democracy and markets depend on shared moral values, with present-day examples.

Explain with illustrationAnswer exactly what the question asks.

Demand-wise check

  1. 1Law: compliance mostly voluntary; without values, enforcement fails (traffic rules, tax evasion)≈30 words
  2. 2Democracy: tolerance, respect for opponents, trust in institutions; fake news and hate erode it≈30 words
  3. 3Market: trust in contracts, honesty; frauds erode trust (Satyam 2009, 2008 crisis)≈30 words
  4. 4Contemporary illustration: Covid mask and vaccine compliance; misinformation; corporate scandals≈30 words

Open in about 20 words and close in about 20.

Answer plan

Statement meaningLawDemocracyMarket, each with an exampleConclusion

Where marks usually go

  • Covering only one of the three
  • No contemporary illustration

Draw this

  • Triangle of law, democracy, market resting on a 'shared values' base

Value addition

  • ThinkerAdam Smith's 'Theory of Moral Sentiments' (1759) saw sympathy and morality as the base of markets.Adam Smith, 1759
  • ThinkerFukuyama's 'Trust' (1995): high-trust societies have more efficient economies.Francis Fukuyama, 1995

Mapped topper copies

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