Does Fair Trade make sense?

Does Fair Trade make sense? I don’t mean fair trade, as in “I’m in favor of free trade as long as it’s fair trade.” If you want my general views on free trade, see this post. I mean Fair Trade, as in the Fair Trade labeled coffee you see in your supermarket. Fair Trade goods … Continue reading Does Fair Trade make sense?

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Why profit is not a dirty word

My last post discussed how much profit is ‘normal.’ Sticking with the profit theme, this time I’ll try to explain why profit should not be a dirty word. I will make the case that profit is nothing to be ashamed of. Profit serves useful purposes and is needed to achieve broad prosperity. Dislike of profits … Continue reading Why profit is not a dirty word