Power imbalance, negative externalities and the amplification of wealth inequality.
Over the past several centuries, profit-driven multinationals have perfected the art of selling premium products for colossal profits. The majority of the products they sell are made from valuable commodities purchased at rock-bottom prices and produced without any attention given to the negative impact (externalities).
This system of buying low and selling high has created an enormous power imbalance in the world. So great is the disbalance that it is virtually impossible for developing economies to grow or upstream their place in the value chain in order to reap their fair share of the value created. Even those countries ‘rich’ with valuable commodities like coffee, cocoa and tea have little or no prospect of ever catching up.
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