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Benefits from trade are a good notion. However, some trades are completely unfair. Example, Native Americans trading the island of Manhattan for a few dollars
by hammmatt 16y ago
Benefits from trade are a good notion.
However, some trades are completely unfair.
Example, Native Americans trading the island of Manhattan for a few dollars of beads.
Even though it is great business. It is immoral to me to lie about the value of a product. Just as it would be immoral to lie about it's functions.
However, I can easily empathize with people who try to get the best deal for themselves/their company.
- ArturSoler 16y agoNative Americans sold Manhattan for $24 in 1626. It may seem a low amount, but invested at an annual 6% that would be over $125 billion today.
- cma 16y agoAnd yet still worth less than Manhattan.