Markets in Everything: Black Market Kidneys
DAILY NEWS -- The international black market for kidneys — preying on the desperate and run by a shadowy network of greedy organ brokers — is flourishing, a Daily News probe found. The arrest of a Brooklyn man Thursday on organ trafficking charges sheds a new spotlight on an underground business where wretchedly poor foreigners — particularly in India — are paid $2,000 to $10,000 for kidneys.
Those kidneys are ultimately sold for as much as $180,000 to transplant recipients who otherwise could die. More than 80,000 Americans were waiting for kidney transplants as of last week, the United Network for Organ Sharing said.
The wait for a suitable legitimate donor is as long as three years, which drives many to the underground market, experts said.
HT: Johnny Hsu
MP: Per-capita GDP in India is $2,762 and $47,000 in the U.S., according to the IMF. In other words, Indians are willing to sell kidneys for up to 3.62 times their per-capita income (GDP), and Americans are willing to pay about 3.82 times their per-capita income to receive a kidney. On an income-adjusted basis, it seems like it could be a fair deal for both the Indian seller and the Amercian buyer, so what's the problem?