Saturday, February 7, 2009

I Couldn't Agree More

I also am sick of the term "fair-trade".

Like many economists, I cringe whenever I hear the term “fair trade.” It is not that I am against fairness — who is? — but the word “fair” is so amorphous in this context as to defy definition. Most often, the slogan “fair trade” is little more than a rallying cry for protectionism.

No comments: