Quote:
Originally Posted by Bill14564
Equal trade requires equal resources, equal need, and equal ability to pay. When you are the largest economy in the world there isn’t much that will be equal. Unfortunately, that requires a level of understanding that is beyond “fairly simple”.
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Disagree. Why should a country/company charge based on a sliding scale of "equity?" A company / country should charge based on cost of R&D, labor, production, marketing, shipping, taxes/levies, and then a "fair" amount of profit. IMHO, that's no greater than 10%, preferably 5%.
If a buyer cannot afford the producer's costs plus profit, then they should not or cannot purchase. The cost of the good should not be altered on a sliding scale based on a potential consumer's inequality of resources, need, ability to pay, etc.
Honestly, how does one quantify consumers' "Need?" Many needs are just wants. What about quantifying the consumer's ability to pay? No buyer says, "Sure, I can afford to pay triple for product X, hang on a second while I crack my wallet wide open."
What you are promoting is not a capitalist system of trade. I don't know what you are proposing beit some kind of socialism or communism, but it is certainly not capitalist.
I'm not a former free-trade minister or anything like that, so my opinion on the matter is just that.