Eliminate traffic in the illicit goods

Reference no: EM131482884

Question: "If millions of people are desperate to buy and millions more desperate to sell, the trades will happen, whether we like it or not." This quote by Martin Wolf10 refers to trades in illicit goods like narcotics, knockoffs (counterfeit goods), slaves, organs, and other goods we generally refer to as "bads." He suggests that the only way to eliminate traffic in these illicit goods is to eliminate their profitability. Do you agree? Why or why not?

Reference no: EM131482884

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