Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Peer Discussion
Like many people, I have purchased Fair Trade coffee at Starbucks, and also clothing that advertises itself as Fair Trade. Fair Trade purchases do make consumers feel better about the sourcing of goods like coffee and textiles which may be of problematic origin. I agree that conscious capitalism is what many of us are aiming for, which enables us to use our purchasing power by obtaining goods from people who have been previously disenfranchised by globalism, or, in the case of green products, items that can hopefully lessen our ecological footprint. It often requires a fair amount of research, however, to determine if the Fair Trade items are really benefiting the people the business says it is benefiting, or if the so-called green product is really superior for the environment. I also agree with Hira & Ferrie (2006) that there have been struggles for Fair Trade products to achieve widespread acceptance, and current rising prices on all consumer goods (Fair Trade tends to me more expensive) will intensify this.
References
Hira, A., & Ferrie, J. (2006). Fair trade: Three key challenges for reaching the mainstream.
Journal of Business Ethics, 63(2), 107-118. https://doi.org/10.1007/s10551-005-3041-
Peer Discussion 4
Although younger consumers support conscious capitalism and Fair Trade practices more than older consumers, they also often have less disposable income. Fair Trade pays a higher price to producers, which often results in a higher price for consumers, even though this price may be fairer and more reflective of the sweat and labor producers have invested into their products. This is especially true now, with higher inflation. Many consumers are suffering the challenge of affording basic necessities even in the developed world, which can make altering their habits to engage in more ethical capitalism more difficult, even if they may ideologically support the need for Fair Trade. On the other hand, as noted on the recap of Conscious Capitalism (2022), there is also the need for the business community to support these ideals as a whole, and hopefully a way to balance profits with fair prices for consumers and producers will be achievable through the use of better strategic planning.
Reference
Exploring the three pillars of Fair Trade USAs theory of change with Paul Rice Virtual
Gathering Recap (2022, March 16). Conscious Capitalism. https://www.consciouscapitalism.org/video/three-pillars-to-fair-trade-usas-theory-of-change-with-paul-rice-virtual-gathering-recap
Capitalism Is Moral Questioning the Morality of Capitalism: Moral, Immoral, or Amoral? "To trade by means of money is the code of the men of good will. Money rests on the axiom that every man is the owner of his mind and his effort. Money allows no power to prescribe the value of your effort except by the voluntary choice of the man who willing to trade you his effort in return.
Capitalism and the Global Environment A framework has been formed by capitalism according to which the world is not responding to the environmental changes. Capitalism produces (or is formed by) a number of environmental changes and lays down the foundation for the social relations and for all the political institutions. This thus demonstrates our potential to respond to the changing environment very efficiently. But still the learners of global environmental change
Capitalism and the Corporation: The contemporary business corporation is an initial creation of the United States imagination that was originally designed to expand local markets. The initial design soon became an essential means to develop a national market. As a result, the American industrialization and capitalism were critically dependent on the corporate form of organization. However, the corporation was not an intangible original initiative since it spread in reaction to tangible
Overall, fair trade is a great way to make sure that countries work together and help one another focus on developing and moving forward. Not all fair trade is fair, but most of the options given to people who want to see fair trade are better than what they would receive if they were not part of any particular fair trade agreements. People who are interested in fair trade and
moral problem of fair trade. There exists a dilemma here, with respect to the role of corporate actors within our society -- do they serve to increase profits only, or are they bound by a different morality? The role of business in society has to be understood in the context that a business is not an entity capable of action, no matter what the purpose of its formation was.
Fair Trade Live Up to Its Ethical Objectives? The aim of this paper is to analyze the relevance of fair trade to the world today and whether it practices meets the ethical issue. The study will analyze its impacts both negative and positive to the developing countries and whether it has been a success for the developed economies. I wish to state that my discussion in this study considers fair