Topic: World price tag on every product. - page 3. (Read 722 times)

I don't think it's a good idea if potato chips cost 5$ in the USA and in India too. Also in overall, if any country is rich, that's because another country is poor, we can't have two rich and two winners at the same time.
There was the same price tag on every product in the whole soviet union in the 20th century, it was called a planned economy. Absolutely in every soviet country, the price on any product was the same but I want to inform you that it didn't work well because the economy can't be planned, and you can't predict whether the harvest of tomatoes would be good or bad. The Soviet Union had already paid for its planned economics and it fell down, it didn't last long.

It's not that much difficult I think it's possible if countries agree to trade into a common cunnrency thay should be used all over the world for trading. Then the country whose currency will be used most support the countries that can sell the products at the set price due to financial conditions.

But that's very difficult in a sense the situation that is going around in the world right now. Countries are fighting over becoming super power and in this kind of situation it's not possible.

Is it a policy to reduce hunger or a policy to increase it to an extent where people start dying due to it? None of what you said sounds realistic or practical because different countries can't have the same prices for the same products for a lot of reasons. You can't even get things at the same price in different cities in most countries and it is because of the costs the seller has to pay to make the product available for their customers, they aren't going to pay the costs from their pocket, are they?

How do you solve the problem of the difference in the value of different currencies? 1 United States Dollar is equal to 7 or more Chinese Yuan, so if a product is sold for $5 in the US, it would cost 35 yuan in China at the same price, the same applies to every other country, especially the poor ones where the currency doesn't have a lot of value, so you can't expect people from such countries to pay as much as people in a developed country do.

Differences in prices between countries for any product will still exist because it is true, as you said, that large countries that often buy products or materials for making products from other countries in large quantities will definitely find cheaper prices. So it is through this that large countries make a decent profit when new products from that country are marketed to all other countries in the world and they also cannot possibly market them at a cheaper price. I think it's reasonable enough that it's not logical to expect the same price on any product.

Good argument but there are a lot of flaws in your argument. Do you know that there price tags could have been different because not everyone can produce a particular product like rice? And as much as you and I and the rest here wanted to reduce hunger, this kind of setup will not help.

And I think every government is doing everything at their disposals to curb whatever issues they have in their own country. But we all know that there is no balance in power in this world and there are problems that inherent, hard to solved specially if it involves humanity, i.e world peace (now we have wars in the Middle East), hunger.

Not gonna happen, what mostly happens is that products that's likely $5 in US and Canada are like $0.5 from China and they import it there.

Not that way of solving world hunger. What leaders need to do is to promote planting, starting from own backyards, to fields and even in the building apartments if they have small space.

This is a very laughable idea and I could just imagine how you came up with this. This your idea is by no means scalable and it will not help the word economy. Without going far, let me use simple example and explain something to you.

If country A has poultry farm, as such they have more chickens and eggs which they export. Don't you think it will be nice that if a dozen of egg is sold for $5 in other countries (B,C,D...), it should atleast sell for something less than $2 in the country it is farmed(A). If the country it is sold flat rate in all the countries, how do you augment for transport or shipment fees and other fees.

That’s just impossible.

We are in different parts of the world and goods and services are priced differently even if the currencies were all valued the same. Do you think things that are abundant in Asian countries would be as expensive in USA? Or the other way around?

How would that exactly solve world hunger if we are to follow the US dollar, that would make for a very expensive currency that would only worsen economic status especially of the poor.

Haha , if that price will be same as in Asia for sure no one will purchase rice then  this is why there is a standard in each country because that is the amount that each can carry.

i don't know where did this comes from but for sure this is for those super power country and not for the 3rd world .

and also those super country will benefits from this because they can buy cheaper product from us but we need to buy expensively from them.

The OP has good intentions and although this way of thinking cannot be applied to traveling in any country and comparing other products with the same bitcoin price around the world is a different matter. Likewise, bitcoin also requires shipping costs, but the price remains the same. The further problem is not just shipping costs, but the products created will generally have varying prices in a country due to applicable taxes, job funding and other needs.

Bitcoin has the same level of selling price everywhere and there is no difference in the price of bitcoin in Indonesia, America, Canada or other countries. So bitcoin is the basis why currently people who have placed money in it, apart from not losing the value of bitcoin, are also quite reliable in surviving in the long term.

Don't you think the reason why op thinks every product price should be the same in all countries is because the price of bitcoin is the same in every country 🤔. It looks so funny for OP to think in this manner. He never thought of shipping cost is also a reason why things can never be the same in the world. When you get to know bitcoin new, the joy you derive can make you think this way. 😉

Your assertion is impossible and without you understanding how economy works, you’ll only be thinking this is a way out but you’re very far from it. All fingers are not equal and on how many times you reduce to make the price of products equal nationwide, there will still be people that can’t afford it and that becomes very hard for them to have a good living. Let the prices be moderate according to the economy of every country and how their minimum wage is being distributed. Those that can’t afford to reach the class of the minimum wage level can always get help from those above. The world is designed that way, it cannot be perfect and when you try to make it perfect, it make things worse and not conducive for the people living there.

bananas are going to be costly in iceland and cheap in central america

but 1 btc is the same cost in Iceland 🇮🇸 as Panama 🇵🇦

I think he is refusing  to acknowledge spoilage and shipping costs exist for the bananas but not so much for the btc.

Yes that is where the problem lies demand and supply will surely be a determinant to any product and the population density including where the raw materials is source out. It's easy to achieve regional tag Price on product but the world seem impossible, though I day can be make to celebrate but I don't think if that is achievable currently but may likely in future where demand and supply is in equilibrium of the product including the exchange rate to every nation. I stand to be corrected those with deep economist knowledge can elaborate more is this is possible.

That's a roundly terrible idea and it make no sense. Supply and demand already explains the massively complex logistical chains that span the world. It's part of the basis for capitalism and what you're describing is pretty much how communism tried to work - every attempt has failed because human nature makes it ineffective. Companies exist to make profit ultimately and the driving force behind that is capitalizing on niches or where there are value discrepancies somebody can make a profit on. I don't know who you think would be setting the value of all these random objects, or why some places in the world should subsidize the cost of them while others pay far too little based on how hard it was to get them the item.

Do something to show everyone that you can do something useful for the country, for the world, don't just come up with ideas because anyone can come up with thousands of ideas much better than you. But the problem is how to implement them, how to make leaders listen to what we say, that is the problem that needs to be solved first.

Don't just throw out random ideas that anyone can think of, and you do nothing but like asking people to follow your ideas. It seems like you're too naive and don't have much experience with the real world you're about to face.

If you want the same price for a product in all countries, I think it will be very difficult to happen and even any government will not be able to implement it in the near future because each country has its own product price benchmark. Apart from that, the prices of imported goods and exported goods will also be different in terms of price because there are costs that must be borne by the party who imports certain goods from other countries into their own country.

So this will cause a slight difference in the price when marketed and goods dealers and goods distributors will also calculate the transportation costs they have to incur when marketing to every corner and country. That is why sometimes we find goods at slightly different prices in other places, which we have to understand because considering the costs and transportation, unless these goods can be produced in all places or by all countries without relying on transportation or any costs to market them.

And regarding reducing the suffering and hunger that still exists in this world, I think the sellers of goods will also suffer if they cannot make a profit through their own sales and they will also be hungry in the end because they really expect profits from the sale of their merchandise. So you also need to pay attention to this because everyone in this world really needs money to live more comfortably without facing hunger and suffering.

It is impossible, don't forget about logistics. There's a cost for transferring goods and products and that's why if it's cheap somewhere else, and then it becomes more expensive elsewhere due to the transportation cost of it.

This is the reason why those self-sustaining countries and those that have food security are enjoying the benefits of their own.

Their people don't have any problem with the rising inflation because even it's happening globally, they can stand onto their own economy and doesn't need to import those products that they need to consume.

So you really Think that the countries you mentioned will implement these kinds of prices to the products sold in their countries. China is planning to launch its own currency into the market as a international currency and Russia is supporting it. These two super powers are on one side and USA is on the other side.

Only the European countries will support USA in that other than them no one will co-operate with it. It's a good plan to implement but due to international tensions amongst countries it doesn't seem possible till now.

This will be possible if the whole countries merges as one nation where the central government will subsidize the prices of goods that'll travel from one region to another, but we all know that it's not possible to have one world united government. So far we still have commerce where costs of productions are different and it's governments and individuals that determines the prices of commodities, then a single price for commodities in the whole world is not possible. It sounds good in theory but impossible in practical.