142.177.103.17 at 21:19, 6 March 2004

2004-03-06T21:19:49Z

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'''Commodity markets''' are the government-regulated markets where contracts are standardized so that things can be traded based ''only'' on [[price value]]. They are highly artificial entities that many people believe obscure the real [[comprehensive outcome]] of the [[extraction]] and [[production]] and even most [[transport]]. ''See [[w:commodity markets]] for a mainstream view.''

Many economists say "there is no such thing as a [[commodity]]" and prefer to look at commodities as part of [[service economy]] going right back into the [[natural capital]]. Likewise, a [[product]] also must be seen as services, since it is expected to provide certain services to the [[consumer]] in some [[service cycle]] that includes at least reassurance of performance and of morality in production, i.e. this is not [[stolen goods]], and of [[use safety]].

Because so many of these factors are [[factionally defined]], it is difficult to express them in a [[commodity contract]]. However, some progress has been made in reflecting [[ecological value]] and [[social value]] in such contracts, e.g. the [[Cocoa Protocol]].

Commodity markets - Revision history

142.177.103.17 at 21:19, 6 March 2004