Thursday, December 4, 2014
Madison Webster, Chapter 12, Question 6
I'm going to focus on the section titled "Trade is based on voluntary exchange." This part struck me as interesting because trade seems so awesome and enriching but it only succeeds if people choose to make is succeed. Wheelan talks about fast food restaurants because often times they succeed anywhere. Even when placed in places that are historic or not in the best condition, they still succeed because people choose to involve themselves with them through work or as a customer. It's crazy to think of the places where these modern restaurants are placed but overall, they make people richer through the jobs they create. We may not always want to see Starbucks sprawled throughout the world, but for people in poorer countries, they love to have work more accessible. Also, most people are willing to work for cheap because something is better than nothing.
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