CAN ANYONE ANSWER THE TWO QUISTIONS FOR ME PLEASE!

. baby markt 2 . Commodification or How Free Should Free Markets Be? was having trouble supporting his family when his o("commodify") something is to treat it as, or wife got cancer, quickly accepted when he was of turn it into, a commodity that can be bought and sold. Many people think we should be fered $12,000 for one of his kidneys: free to commodify whatever we want. Take Judge I lived my whole life a poor man and was Richard Posner who sits on the U.S. Court of Appeals afraid my children were going to have the for the Seventh Circuit in Chicago. In an article, "The same fate and my wife would die because Economics of the Baby Shortage: A Modest Pro- we do not have money to help her. It is myl one chance in life. I still have a healthy kid- posal," he pointed out that there are more couples who want to adopt a baby than there are babies up ney and with the money I got I will never be humiliated again. My sons returned to for adoption. He suggests that this "shortage" could school and our life changed. be fixed by starting a "baby market in which avail- able babies could be sold and couples that want to Many people would like government to allow adopt could buy them. In such a "baby market," he the open sale of sexual intimacies and affection, but pointed out, a shortage of babies would cause their since selling sex is illegal in all states but Nevada, price to rise, and rising prices would lead to more "sex workers" must secretly market their services babies being put up for sale and fewer couples step- online and in the Yellow Pages as (escorts Others ping up to buy them, which would solve the short- would like governments to allow people to freely age. There are other things besides babies that buy and sell "hard" drugs-like-cocaine and heroin, people would like to commodify but which the gov- as in some countries-like-Spain, Mexico, Portugal, ernment does not allow such as body partssex, and and Italy. hard drugs. In the United States, 80,000 sick people are on waiting lists for kidneys, but there are not enough donors willing to donate a kidney for free, 1. Does commodification of a thing change (or enough recently deceased and suitable cadav- the way we think of it? Is there anything ers) so about 3,500 people on this list die each year. that should not be commodified? Why or Some business entrepreneurs have started (illegal) why not? brokerage services through which Americans can buy kidneys (or corneas, eyes, skin, and half-livers) 2. Explain why each of the above propos- from poor people in India, Pakistan, Iraq, Moldova, als for expanding the free market is a Romania, China, Peru, and Russia. The broker will good, or a bad idea. What would John charge the American $150,000 for a kidney trans- Locke and Adam Smith say about your plant, pay about $10,000 to a poor person some explanations? where who is willing to sell a kidney for that price, and have the operation performed in South Africa. For example, an Iraqi, Raad Bader al-Muhssin, who free meth gos. Sources: Afif Sarhan, "Helpless Iraquis Sell Their Organs," QatarLiving.Com, October 17, 2009 accessed June 15, 2010 at http://www.qatarliving.comode/754107; Larry Rohter, "The Organ Trade: A Global Black Market," The New York Times, May 23, 2004; "The International Organ Trafficking Market," National Public Radio, July 30, 2009, transcript accessed June 15, 2010 at http://www.npr.org/templates/story/story.php?storyId=111379908, Larry Smith, "Does the War on Drugs. Suine make sense?", The New Black Magazine, accessed June 10, 2010 at http://www.thenewblackmagazine.com/view. aspx?index=638 CamScanner