Comparing China under Mao vs Deng Xiaoping most certainly constitutes an extremely illuminating morality tale.
The tale is that following efficiency will produce better outcomes that following morality. The success of economics is essentially an anti-morality tale.
To act morally means to take actions which benefit other people. When Adam Smith’s invisible hand is working properly markets will:
(1) Transfer resources to people who excel at helping others,
(2) provide useful information (mainly prices) to people who wish to benefit others, and
(3) create incentives for people to learn how to help others.
The tale is that following efficiency will produce better outcomes that following morality. The success of economics is essentially an anti-morality tale.
To act morally means to take actions which benefit other people. When Adam Smith’s invisible hand is working properly markets will:
(1) Transfer resources to people who excel at helping others, (2) provide useful information (mainly prices) to people who wish to benefit others, and (3) create incentives for people to learn how to help others.
To act morally implies taking actions which benefit other people under certain value systems.