Will Wilkinson:

If, like [Peter] Singer, we are utilitarians, we need not be too vexed by the problem of identifying the best morality. The best morality–the one that produces the largest sum of happiness–is the morality of liberal market societies.

I find Wilkinson’s argument compelling, because liberal market society is the main source of moral progress in the modern world (some people disagree, but I think this is pretty obvious). As Peter Singer and many others have convincingly argued, global poverty is one of the most important ethical issues of our time. Innocent people (including children) suffer and day everyday from preventable causes, such as hunger, disease, and lack of clean water. Singer, being a utilitarian, argues that we all must give substantially more money to charity than we currently do. This seems right. But consider the historical evidence on people escaping severe poverty. How many lives have been saved by the kinds of charitable donations that Singer advocates? Relatively few. How many lives have been saved by societies transitioning toward market liberalism? An astronomical amount. In China alone, virtually the entire population (at the time just under one billion) was in severe poverty at the end of the Cultural Revolution in 1976. Thirty-five years later, according to Singer, just over 200 million Chinese (out of a population of about 1.3 billion) are living on less than $1.25 per day. In China alone, a shift toward market liberalism has brought many hundreds of millions of people out of severe poverty in just a few decades. So if you care about poor people, spreading market liberalism seems like the way to go more so than donating to charity (although the two are not, of course, mutually exclusive).

However, there’s good reason to think that consequentialism and the  morality that serves as the foundation of market liberal societies are mutually exclusive, because the morality of market liberalism is not consequentialist. As David Schmidtz points out, the utility-promoting institutions of market liberal societies depend in large part on their ability to create “conditions under which people can trust each other not to operate in an act-utilitarian way.” Effectively promoting utility depends largely on not acting on the motivation to promote utility.