November 18, 2005
Let me quickly respond to this week’s Acton Commentary:
While I agree in broad strokes with Dr. Larrivee’s analysis of the questionable assumptions of the fair trade movement, with respect to coffee in particular, I don’t agree that the problem is “low productivity in the countries in which farmers live.” I have previously argued that the source of the issue is in fact too
much coffee, so that the market is saturated and cannot sustain high prices given the declining worldwide demand. Continue Reading...