1. World problems
  2. Undue control of prices by intermediaries

Undue control of prices by intermediaries

  • Profiteering on village products by middlemen

Nature

Many Third World farmers do not market their products but rather depend on "middlemen" to be the link between the farm and the market. By creating a false market in which local prices are manipulated below the level of the actual market, the middleman effectively reduces the profit margin for the farmer. This manipulation of the local market creates an annual crisis of indebtedness when, in order to sustain family and farm, the farmer is forced to borrow capital at high rates of interest, which intensifies a debilitating cycle. Probably more damaging than the financial crisis is the position of subservience in which the farmer is placed: he is not it control of his own destiny or the destiny of his land.

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Value

Undue
Yet to rate
Self-control
Yet to rate
Profiteering
Yet to rate

Reference

SDG

Sustainable Development Goal #11: Sustainable Cities and CommunitiesSustainable Development Goal #12: Responsible Consumption and Production

Metadata

Database
World problems
Type
(E) Emanations of other problems
Subject
  • Amenities » Villages
  • Commerce » Agencies, dealers
  • Commerce » Finance
  • Commerce » Purchasing, supplying
  • Cybernetics » Control
  • Industry » Products
  • Content quality
    Presentable
     Presentable
    Language
    English
    Last update
    Oct 4, 2020