DarthSkywalker0
The Insane Jedi Master
We cannot rely on the ebb and flow of market forces for justice. While you are certainly correct that the effects of discrimination are largely negative in most areas, should we neglect those areas in which there are no negative consequences for discrimination?
I cannot think of a single area in which discrimination has a negative effect on one's business. Reputation is internal regulator which is built into the market. I think you misunderstand what the market is. The market is less aptly called capitalism and more aptly called consumerism. Every product you buy is a vote I that product's direction. You are telling the market that the product suffices your needs. Justice dispensed by the market is justice administered by the individual voters which make up its constituency.
With this kind of logic, if a horrible injustice is occurring with impunity then we have handicapped ourselves by repealing the Civil Rights Act.If the only hotel in town continues to succeed despite not allowing blacks, then what is the course of action?
The repeal of the Civil Rights Act signified the change in individual perception of racism, as a result, the number of discriminating industries was minimized drastically. The great Economist Thomas Sowell details this in his book Civil Rights: Rhetoric or Reality, “In the period from 1954 to 1964, for example, the number of blacks in professional, technical, and similar high-level positions more than doubled. In other kinds of occupations, the advance of blacks was even greater during the 1940s–when there was little or no civil rights policy–than during the 1950s when the civil rights revolution was in its heyday." Walter Williams has also pointed out the greater black labor participation and employment rates before Civil Rights policy. You also mentioned the possibility of a discriminating hotel. Please don't take the offensively, but a basic understanding of market forces dictates that competing hotels will enter the industry and weak reputation the hotel has amalgamated will cause it to lose customers.
And a point to add, many times personal dogma supersedes the pursuit of profit. While the baker may realize that discriminating against gays is bad for business, he will continue doing it because it is his personal dogma.
And yes, as a result, his profits will tank and his business may shut down. This is really basic econ.