Quote:
Originally Posted by stevepra
Go on
I'll go on a bit but we are trying to clear up misconceptions etc, that's going to be a 2+ way thing.
If we do agree with the bit I asked you if you agreed with then we can consider how it works without any intervention at all. We just buy and sell based on our own personal preferences at the time. This includes shunning and simply preferring products made by companies with ethics we appreciate.
Then there's an 'equilibrium' point where the extra profit made from child labour equals the average extra premium people are willing to pay and can direct to the right products/services. If the extra profit excedes the premium then straightforward market forces will strongly support child exploitation and vice verca though significantly more weakly.
If that makes sense then hopefully its clear that moving the equilibrium point changes how much child exploitation there is.
So what factors could move the equilibrium point? Not how do we change these factors, can we just consider what they are?