I almost forgot to write this post. October is Fair Trade Month. It is an important reminder to consider fair trade purchases whenever possible. Not just during this month, but always. Having just returned from Europe, I was again astonished how much more prevalent fair trade products are in ordinary stores. The U.S. still has a lot of catching up to do.
As the mortgage-banking-credit crisis gathered full steam over the past two years, I could not help but see parallels between the ever more esoteric financial derivatives invented by profit hungry investment bankers and the lives of those stuck with an rotten mortgage on the one hand and the operations of the futures and options markets in relation to the lives of the farmers who grow the raw materials that satisfy our cravings on the other.
