In this chapter I show how retributivism, too, fails - and for reasons very similar to those that render utilitarianism unacceptable. Where utilitarians see value only in consequences, retributivists see it only in desert. Both theories are revealed as structurally simplemindedly monistic. I introduce a distinction bewtween deontic and axiological retributivism, and I argue that only the latter is consistent with pluralism. I show how deontic retributivism (by far the most influential version) is incapable of dealing with moral emotions, with the distinction between punishment and revenge, and with the problem of evil. In the end, then, deontic retributivism ends up being as unacceptable as utilitarianism.