What does Sandel mean when he says that marketization is “hollowing out our democracy”

Watch the following video in which political philosopher and author of (2012) What Money Can’t Buy, Michael Sandel, makes an argument against the marketization of society. Michael Sandal, “Why we shouldn’t trust markets with our civic life,” TedTalks, You Tube (under 15 minutes)

a. What does Sandel mean when he says that marketization is “hollowing out our democracy”?

b. Do you agree with this view? Explain why or why not.

c. Would you characterise Sandel’s argument as “liberal” – or something else?

3. Read Lynch, Timothy, J, 2013, The death of Margaret Thatcher and the Legacy of ‘Thatcherism’, The Conversation.(3-4 pages)

a. Why did Margaret Thatcher believe that the free market and capitalism were essential for liberty?

b. how might the welfare state and state intervention in the economy be viewed as threatening to human freedom?

c. Do you agree with these views? Explain why or why not.