Skip to main content

Should There Be A Market for Kidneys?

Many of us would read the title and feel- Why Not? I had the same thought. 


We all have friends and know very well that friendship is something which cannot be traded. If traded, the good itself (friendship) would lose its value. But that is not the case with kidneys, right? You trade kidneys, transplant them and they would work well. So, what is the issue in making a market for kidneys if both sellers and buyers are willing to trade. Won't it be helpful to that poor person who can live a good life by selling something she does not even need?



What needs to be focused here is whether this market is fair enough?


The adverse conditions of the poor might make them vulnerable to commercial traders who would spare them no bargaining power. Severe inequality can undermine voluntary nature of exchange.


Just the fact that buyers and sellers are ready to deal is not enough to make a market. Should university seats be sold? Should there be a market for babies? Or should votes be sold?


In some cases, the negative externalities might outweigh the benefits to buyers and sellers.


Selling kidneys would also lead to objectification of human bodies and we might start looking at humans as a collection of parts which could be sold for money.


Though debates still exist, my opinion stands against the existence of a kidney market.


What do you think?



-Sampada Bhiwania



Comments

Popular posts from this blog

THE IDEA OF UNIVERSAL BASIC INCOME

In the previous article, we mentioned that Universal Basic Income has been proposed as one of the solutions to the paradox of welfare. Here, we explore what the idea is, its empirical feasibility and the possible hurdles in its implementation. Imagine that one fine morning, you get up and hear the news that the government would now transfer a certain amount of money, every month, in every citizen’s bank account, irrespective of one’s existing employment status, without it getting taxed. This is exactly what the Universal Basic Income would mean! By definition, the UBI is a financial support system that gives a certain minimum amount of money to everybody in the economy, which is needed for the fulfilment of one’s basic needs. However, there exists no consensus on what form this minimum basic income would take, or what amount is necessary for minimum subsistence. Nonetheless, this ambitious social policy is being increasingly viewed as an alternative to the existing system of welfare p

The Paradox of Welfare

Amidst all the possible mechanisms that are used to tackle the problem of poverty, almost everyone would agree on the importance of welfare programmes implemented by governments all over the world. These programmes take the form of subsidies provided by the government for necessities like housing, food, energy and healthcare. But critiques of these poverty alleviation programmes have pointed out the ironic effect they have on people struck in poverty. This phenomenon is known as the ‘welfare trap’. Here’s how it works. The governmental assistance is provided to people who are unable to find work and whose income falls below a particular level. The benefits are then phased out when they enter the job market and their income crosses the threshold level. Now, since people in poverty are also rational actors, they are disincentivised from taking up work even when they are able to, when they realise that there is no net benefit that they gain from working. This happens since the jobs t

The Debate on Economic Sanctions

Since the last century, the era of military wars appears to have come to an end, leading the global community on a quest to find alternative ways of conflict resolution and protecting international law. One of these ways is imposing economic sanctions on other countries. These are restrictions or outright ban on trade, currency flows or investments from the other country.  But do economic sanctions achieve their objective?  History tells us that arguably, the answer to this question is that they don't. Formerly imposed sanctions on countries like Iraq, Iran, North Korea and recently, Russia, indicate that these sanctions not only turn out to be inefficient in barring the sanctioned countries from violating international peace, but also prove detrimental to other countries who are dependent on the sanctioned countries for necessities like food supplies, oil, etc. For instance, the recent imposition of economic sanctions on Russia by the US in the light of the Ukrainian war caused th