&gt; Are you saying that economic systems have morality?<p>Economic systems are about how scarce resources are allocated. The choice of the mechanism for doing this is <i>always</i>, inherently, based on a value system (possibly an extremely simple one consisting of a single value proposition).<p>In that sense, <i>any</i> economic systems involves a moral choice -- to say that a particular economic systems has &quot;no regard for ethics or morals&quot; really usually means that that system is perceived to have no regard for the <i>the value propositions that the speaker believes to define correct morality</i>.