Showing posts with label fair trade. Show all posts
Showing posts with label fair trade. Show all posts
2011-07-16
Fair Trade
The best way to give people a good quality of life, is to live by the rule of fair trade: trades must be made with the consent of all materially affected people. (Opportunity costs are not a material effect?)
What Is Right
"Right" = most pleasure for most people
= most material goods for most people
= no economic externalities
= fair trade.
For fair trade, need to distinguish un/fair traders, measure their un/fairness.
= most material goods for most people
= no economic externalities
= fair trade.
For fair trade, need to distinguish un/fair traders, measure their un/fairness.
Pay Per Use
Pay-per-use is better, to prevent externalities.
"Externality" = making someone else pay your bill.
Gas tax and toll roads are just paying your own bill for damage done by their usage.
"Externality" = making someone else pay your bill.
Gas tax and toll roads are just paying your own bill for damage done by their usage.
What Is Fair Trade
"Fair trade" = informed consent of all people who bear material costs/benefits now/later (5 generations). Emotions are not costs. Lost opportunities may be costs. Risks are costs.
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