Any fair trade premium will be dissipated by rent-seeking: if you raise the effective price of coffee, more poor people will compete to grow it, so the group collectively spends more resources chasing the transfer than the transfer is worth, wasting real resources.
causalpending
Speaker
Mike MungerEvidence Quote
“any increment that they're likely to get is going to be dissipated by rent-seeking”
Created: 6/17/2026, 10:31:24 AM
My Notes
Loading notes...