It is entirely true that coffee growers in poor places don’t receive very much from the sale of a cup of java in a coffee shop. But then that’s true of pretty much anyone who grows something. The wheat farmer’s getting some pittance of a part of the value of a Big Mac, the barley farmer sees near nothing of a pint of foaming in the pub. There’s nothing odd nor unusual in the people adding the value to the raw product gaining the value that’s being added after all.…See More
Ethiopia has been cracking down on the black market in foreign exchange in that country. A more sensible idea would be to simply move to a single free market foreign exchange rate – that in itself meaning simply free the market from the current restrictions.
The reason why not to do this is that it removes the privilege that the state sector – and thus all those who benefit from that sector, up to and including politicians – gains from the current controlled market.…See More