> Coffee prices are based on an outdated model. For some reason, the cost of labor is the elephant in the room. No one “knows” the true cost of production.
Marxist Labor Theory of Value, look it up.
Do you plan to tell your coffee farmer customers how much they should pay you because only you know the amount and cost of your labor? I hope not. That would be command economy if not neo-colonialism.
Neo-Colonialism would be to deny them the freedom to do business they way they want. They still have that freedom. They don't have to deal with IBM if that doesn't help them get better prices or whatever it is they are after.
Lear a bit about economics from free market economists and junk that Marxist and Keynesian nonsense.
> Coffee prices are based on an outdated model. For some reason, the cost of labor is the elephant in the room. No one “knows” the true cost of production.
Marxist Labor Theory of Value, look it up.
Do you plan to tell your coffee farmer customers how much they should pay you because only you know the amount and cost of your labor? I hope not. That would be command economy if not neo-colonialism.
Neo-Colonialism would be to deny them the freedom to do business they way they want. They still have that freedom. They don't have to deal with IBM if that doesn't help them get better prices or whatever it is they are after.
Lear a bit about economics from free market economists and junk that Marxist and Keynesian nonsense.