Dislike RED
Posted on October 14th, 2006 in Daily, Thoughts | 2 Comments »
(RED) was created by Bono and Bobby Shriver, Chairman of DATA to raise awareness and money for The Global Fund by teaming up with the world’s most iconic brands to produce (PRODUCT)RED branded products. A percentage of each (PRODUCT)RED product sold is given to The Global Fund. The money helps women and children affected by HIV/AIDS in Africa. Apple is the latest company to contribute to the catelogue with the introduction of the (PRODUCT)RED iPod Nano.
I applaud the efforts of people like Bono and his team in helping the poor and the sick. It certainly also helped raised the awareness that while we are enjoying our life in comfort, there are many out there who are not as fortunate as us. And the program has produced good results so far
However, I believe that there are much better ways of doing it. I mean, this whole (RED) initiative is too darn commercialised. Every single item under the (PRODUCT)RED catelogue is no ordinary brand. They are global brands, worth millions of dollars. They claimed that a percentage of each (PRODUCT)RED sold will be donated to the needy. But come on.. how much? 50%? There ain’t no free lunch. I’m sure that the company that make those products will profit from the sales. Who knows if they make much more than they actually give to Charity? Out of the US$199 Apple gets for the iPod nano, only US$10 is given away, that’s only 5% of the revenue on each iPod nano.
My point is that, no doubt that the needy would benefit from such programmes, but ultimately, it’s the merchants who benefit most.
Tags: (RED), Bono, RED iPod Nano