Topic: World price tag on every product. (Read 608 times)

OP's idea is very interesting and I have a feeling he is very young and still receiving benefits from his family,  his solution makes me suspect that he doesn't even have any knowledge about the economy or what's going on in the world. We have nearly 200 countries in the world, each with different economies, different local currency values, and different average GDPs. How is that possible?
Furthermore, do all world leaders want to eliminate world hunger, do they really want everyone to become equal? Or do they want to create a larger gap in society, then use the power of money to manipulate others to serve them? Human nature is not as kind as we think, especially leaders and the rich.

I understand your point of trying to incite equality and and making essential needs to life affordable for the average and poor masses but Op I don't see that being the problem why everyone from different places can't afford their needs even to the international levels.
For instance, a pair of shoes is sold at $5 in the US and you're coming from my country Nigeria to buy the same product as either an order to be shipped to your local place or you're an importer tending to import the shoe, I believe it can't be sold to you higher than the $5 because there's a regional discriminations. You'll still buy it at same rate but considering the value of your countries fiat, the #5 will be too expensive for you to be afforded due to the fact that your countries traditional currency is being so low when compared to the USD.

Such difficultband expensive expenditures of every local sectors to buy the same product as it maybe in other countries is can be minimal to be affordable only when the production infrastructure of the same product is located in the various countries so then everyone could buy using their fiats without the exchange of to other countries fiats that maybe higher than theirs.
So, infrastructures that would bring revenues to increase the countries economy rate is the major thing about this contention Op and not about the strives of begging other countries to justify their economy standard to yours.
So, your government is responsible for this crying out loud. Hold them with facts of your revenues and the level of your countries economy level and lack of Infrastructures.

You're raising the big questions here, the really important one. This idea, that some folks think the poor have it better in rich countries? It's flawed, completely flawed. Like, they've got some shiny road and that doesn't fix the real problem: the lack of opportunity, the struggle most of us never truly understand

Poverty, it's universal. Rich country, poor country, it hurts the same way. That yuck feeling of never having enough, that's something no fancy sidewalk can erase. Governments? They love their fancy meetings, their big programs, but real change on the ground, where people are hurting, they're slow. Why? Because the problems run deep; way past a new law or two

I'm an optimist, a believer in the human spirit. There's hope, there always is. It's not in the big government stuff, it's in the small things. The local charity, the volunteer who gives their time, the person who doesn't look away from someone in need. Is it enough? No way. But it's a start, a reminder that we care, that we're in this together

You have a point, It's impossible for all countries to have the same level or prices of goods because each country has a different cost of living and different level of economic crisis.
But nowadays, somehow we are able to buy or try products and services from other countries without going to another country, but y'll should expect that the price is even more expensive when we buy it in our own country due to tax and other added fees like  shipping fee / Franchise fee.

Pricing isn’t the cause of world hunger and poverty. Your solution is unrealistic because countries around the world do not use the same currency. We all have different currencies and these currencies have different values when traded against each other. So if a bag of grain is sold for $30 in the US, the equivalent of that amount in my country is already above the minimum wage. How’s that going to help reduce hunger in my country and other developing countries?

And currency value isnt something that could really be also in equal because thats not how economic thing works and cant really be possibly be able to happen.
There are really just that things on this world that cant be possibly be able to happen no matter how hard you've been thinking. Just let it be as it should be but people that becoming
delusional on what are the things that they are wishing for and ending up on making themselves look like jokers or clowns. We do know that when it comes to the situation
and those words then we do know the concern but it cant really be just that possible no matter what.

Why do you think that the poor in rich countries have a more comfortable life than the poor in poor countries? Is it only because they live on clean roads and pollution-free environments? Because other than that, I don't think a person having no money, no mood, and no home can lead a comfortable life.

I agree that a country that has a lower economy and is considered poor will have more people below the poverty level because the country in general isn't generating enough money to take good care of its people, but the poor in rich countries face similar things because even if shelters and people are helping the homeless and rich people, there are still a lot of them left in suffering. After all, the governments don't specifically take care of them one by one.

So as long as a poor person doesn't have a way to earn money, they will have to go through hardships no matter whether they live in a poor or rich country.

It is never possible.  Because every country has its own currency value. The price of a product cannot be the same all over the world.  It is normal that the price will be lower or higher depending on the country and place. Because we cannot compare the standard of living of one country with the standard of living of another country. And each country will trade in different products or economic standards will not be maintained.  Tariffs, prices and profits play a role in maintaining the trade balance of a country.

Agree here mate specially that is the reason why there is a standard quality for its region to serve those countries with product from same company but depend in their capacity to spend .
we cannot just make all prices the same and the quality because if does then we in 3rd world countries will never afford to pay for the same material and product from bigger countries ,
lets just stay this way mate and try not to worry more because we have lived this far having this quality availability .

its not as simple as that poor people in rich countries could be very poor where they couldn't even buy canned food, poverty spread across the world doesn't matter whether its developed country or developing country there's always certain percent of the population that have no way to make money thats where they got put into dangerous situation and need welfare.
you can imagine living in a developed countries where veggies and meat cost a ton yet you don't have a way to make money that will cause you to be classified under the poverty and need welfare.
so its not like poor people in rich country won't get that poor though the difference might be that there's more opportunity to escape that poverty.
talking about the world price tag in every product is also silly because each country faces different problem, it could be poverty, it could be other crisis, its not that simple overall.

If you do know on how economics works then you wont really be saying up such things. Why? On your example about having that $5 price fixed on a certain product on which come to think that
purchasing power of a certain local currency is different to each other. If $5 might be small to those 1st tier countries then this is something that a huge amount when going into those 3rd or developing countries
on which it would really be just that added up the burden and this is something that should really be not that possible on what you are asking for. There would really be tons of things needs up to be that adjusted first or shall we say that there would be tons of things that would really be affected and needs to consider out first before this one would be pushed through but in overall no matter how angle we would be
looking which this thing couldnt really be that possible.

This is not going to work because you didn't consider other factors like transportation and cost of shipping. You don't expect a retailer to buy a product that is originally produced and packaged in the US to sell to you the same price, how is the seller going to achieve his objectives of selling? Where is the profits? Where are they going to remove the money from cost of shipping? You don't consider all of these right!

Let's even say that you want to import goods yourself as a final consumer From ebay or from Amazon, there is no way you will get that product shipment for free if you leave in another country, you will also pay for the tax, so tell me will you sell the product the same price you bough?  Unless you are doing a charity giveaway.

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In a situation where you might see different price for the same product, for instance the price of Coke in US is different from what they sell to other African counties and this is Because the quality are not the same, the content is different. Company do this because they prioritize what customers can afford, you can't sell a bottle of Coke in US for $3 and you think an African man can pay the same, no way. This is why you see disperity in products and the price.

Its can be realized.
After all, each country has its own characteristics: standard of living, economic development, tax policy and many other factors that influence price formation. For example, in developed countries, prices may be higher due to higher product quality and safety standards, as well as higher taxes and transportation costs. At the same time, prices in less developed countries may be lower due to lower production and transportation costs.
Therefore, you should not be surprised if the price of the same product will be different in different countries. Its okay.

In rich countries there will still be poor people even though the level of poor people in rich countries is very different from poor people in poor countries or developing countries. Because in rich countries, the highest caste of rich people will also be measured by their own assets, so those who don't have many assets will also be said to be poor even though their lives still look quite comfortable. However, if you apply the same price for any product in different countries, this will still not be possible because apart from causing problems for the poor, it will also be more difficult for the sellers of the products themselves.

Do you really think that unemployment, poverty, and hunger can be eradicated from this? I think not at all.
For countries with the same currency, it is still possible to do this, but what about those countries where USD's value is very high? Therefore, this idea is very useless in my view.

Developed countries and developing countries can never be the same in anything, so two countries that do not have the same value or currency can never be treated in the same way. A rich country may benefit from it, but a poor country will have nothing but a loss because you can't expect people of a poor country to pay a way higher price for a product that they could get much cheaper if it wasn't for such a policy.

And your reasoning is very funny.

Tell us how you are going to adjust the price in every part of the world so that every product costs the same.

Well, the same product can't cost the same everywhere, because the price is formed from supply and demand, and demand is different everywhere and so is supply. For example, ice cream in hot countries will be in enormous demand, while in cold countries no one needs it. Also, products differ in the degree of availability in each country. For example, bananas do not grow in Canada, which means that it needs to be delivered there, therefore, the price will increase due to logistics, storage and other overhead costs, which will differ from the cost in South American countries.

World leaders are more concerned about staying in office longer than solving the hunger problem of others.

The same price for a product will not increase the quantity of that product in the world. How will this solve the problem of hunger?

What kind of more favorable price are we talking about if, according to your concept, the price of products will be the same everywhere without any margin?

Your method will only create more suffering for everyone.

World leaders can't agree on simpler issues, let alone this.

This is an unrealizable utopia.

In other words, each country's economy is not the same, the average GDP of each country is never equal. So it makes no sense to suggest that poorer countries should spend the same amount of money on a product as developed countries. If this happens, underdeveloped countries will soon disappear from the world map.

I guess OP is from a 3rd generation country and has quite high tariffs on imported products and he will have to pay more for imported products. So he came up with this idea  . Similarly in my country, cars are taxed by the government at more than 150% and we have to pay a much higher amount than other countries to own a car of the same brand.

The obvious answer is not a high price but a universal price so cheap its close to free.  That already occurs sometimes in capitalism where they want to promote a product but I think wanting that and demanding are two different things.  Forcing people to agree, to provide without a choice is unfortunately not the utopia it might sound like from a pure consumerist perspective.

The biggest thing people should be hearing with these kinds of suggestions is that force will be required, the flip side to idealism can be a nightmare in the demands to make it happen.  Imo its very unlikely to work because the detail isnt there and rules of arbitrage, flat prices isnt reflective of the complicated world we live in.

I don't understand this at all, rich country doesn't mean everyone in the country is rich. You can see US being at the top of GDP which is also one of the country where most homeless persons are living so if we apply the same price tag for a millionaire and a homeless person then we want the poor people to starve and die?

a country that is a civilized have a price management or a price regulation to any given products it is a country that lack management and the governance that find it very difficult to implement a policy of Price Tag so when a country is incapable to control a price tag that means that country is battling with the inflation from my own participative so any country that is harmonized how the ability to control any market price structure or price tag in order to make sure that the Citizens benefit from the government