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There is no need for such facetious argument. Your post is strikingly similar to a modern “let them eat cake”. What does your idea of economic theory suggest
by presumably 6y ago
There is no need for such facetious argument.
Your post is strikingly similar to a modern “let them eat cake”.
What does your idea of economic theory suggest for the masses living paycheck to paycheck due to ever increasing wealth inequality as capital begets capital, facing loss of income due to the virus?
Should they be priced out of buying food so that the rich and privileged can continue to do as they please?
- ourlordcaffeine 6y agoSome supermarkets in Scandinavia have come up with the perfect solution to this. They implemented "anti-sales" on their POS systems, where each additional item from the same line gets more expensive, disincentivizing hoarders.
- chatmasta 6y agoDoesn’t this also mean people need to go to the grocery store more often? Surely this is not safe.
- ourlordcaffeine 6y agoNot safe from what?
- Noumenon72 6y agoYou're talking about the system as though it hasn't been providing people with cake for 150 years. Living paycheck to paycheck is not new. Using markets to distribute food prevents those people from starving by making it worthwhile to create more food. If people can't afford food, give them more money and let prices rise. This lets them eat and makes the hoarders pay the true cost of their hoarding.
- TrinaryWorksToo 6y agoAs long as people actually get more money, then I'm okay with prices rising.