The Fair Trade Revolution
The very fact that fair trade conforms to market principles is what unnerves some. If an activity makes market sense, they suspect that it can't be politically genuine.
It turns out that fair trade attracts critics on either end of the spectrum. People on the right worry that whenever commodities are sold at above-market prices, consumers must be sacrificing utility and producers wasting resources. On the left, many slam fair traders for compromising their moral purity by working with large corporations. Free marketers, for their part, have little cause for concern. Fair trade's above-market prices are not enacted by government; rather, they resemble other kinds of market-pricing arrangements. At any given time, some consumers will value a product—an airline seat, a hotel room—more than others do.
It marks another milestone in SpaceX's long-standing effort to make spaceflight cheaper.
- SpaceX launched Falcon Heavy into space early Tuesday morning.
- A part of its nosecone – known as a fairing – descended back to Earth using special parachutes.
- A net-outfitted boat in the Atlantic Ocean successfully caught the reusable fairing, likely saving the company millions of dollars.
Controversial map names CEOs of 100 companies producing 71 percent of the world's greenhouse gas emissions.
- Just 100 companies produce 71 percent of the world's greenhouse gases.
- This map lists their names and locations, and their CEOs.
- The climate crisis may be too complex for these 100 people to solve, but naming and shaming them is a good start.
The world's richest people could breeze through a climate disaster – for a price.
- A new report from a United Nation expert warns that an over-reliance on the private sector to mitigate climate change could cause a "climate apartheid."
- The report criticizes several countries, including the U.S., for taking "short-sighted steps in the wrong direction."
- The world's poorest populations are most vulnerable to climate change even though they generally contribute the least to global emissions.
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