Environmental Economics

Get Cheaponomics: The High Cost of Low Prices PDF

By Michael Carolan

ISBN-10: 0415735149

ISBN-13: 9780415735148

Do you actually imagine you're getting an awful lot whilst provided that unfastened cellphone for switching carrier services, if a multinational store undercuts its rivals or via the truth that foodstuff is comparatively more cost-effective this present day in lots of international locations than ever before? 

Think back! As Michael Carolan sincerely exhibits during this compelling publication, cheapness is an phantasm. the true price of low costs is alarmingly excessive. it really is proven for instance that electorate are usually subsidising low costs via welfare aid to poorly-paid employees of their personal kingdom, or counting on the exploitation of staff in bad international locations for inexpensive items. Environmental toxins will not be costed into items and providers, yet is paid for in some way via humans dwelling clear of its resource or by means of destiny generations. in spite of inner most autos, whilst the full charges of this manner of mobility are tallied it proves to be an astronomically dear version of transportation. All of those expenses must be accounted for. 

The writer captures those matters by way of the concept that of "cheaponomics". the foremost element is that charges and hazards are socialised: all of us pay for cheapness, yet no longer on the aspect of buy. Drawing on quite a lot of examples and matters from over-consumption and waste to over-work, unemployment, inequality, and the depersonalising of groups, it really is convincingly proven that cheapness can not be noticeable as this type of cut price. as an alternative we have to refocus for a greater experience of health, social justice and a balanced method of prosperity.

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Extra resources for Cheaponomics: The High Cost of Low Prices

Sample text

Minimizing costs socialized would undoubtedly bring total costs down, leading to things that are ultimately less expensive for us all. Taking this step would also incentivize the making of things that are repairable and reusable, so we would not be purchasing a new mobile phone and computer every 18 and 36 months, respectively (which is how frequently the average American replaces these devices). So as retail prices go up with the internalization of costs we need to be mindful of how these added consumer expenses would be offset by reduced purchase frequency.

21 Yet, as is all-too-often the case, cost socialization does not stop at national borders. In fact, many of the costs attributed to electronics are shipped overseas, placing them at the feet of populations who are already paying dearly for the “prosperity” peddled by cheaponomics. Like most other firms, electronic companies are aggressively seeking out cheap labor and lax regulatory environments in lower income countries. Take, for example, the high-profile case involving the use of N-hexane among Apple workers in China.

Others cannot, or at least should not be, like virtual cancer, conflict, and death. Virtual blood flows through our electronic devices. Ever hear of coltan? My guess is no, even though you would likely say it is essential to your way of life after learning of its properties. It has played a key role in miniaturization, allowing capacitors to handle high voltages at high temperatures in small spaces. Your ultra-thin mobile phone, the ubiquitous iPad, portable GPS devices: all progeny of coltan. The industrial application of this ore spans the electronic spectrum, from pacemakers to missile guidance systems, cellular phones, gaming consoles, and laptops and tablets.

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Cheaponomics: The High Cost of Low Prices by Michael Carolan

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