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> Americans waste almost 40% of all the food that is produced in America, and for all sorts of reasons. Put another way, free markets produce 67% more than req
by saint_abroad 4y ago
> Americans waste almost 40% of all the food that is produced in America, and for all sorts of reasons.
Put another way, free markets produce 67% more than required. When it comes to food, most populations that eat prefer a market that favors the buyer.
- deleted 4y ago[deleted]
- pbhjpbhj 4y agoBut that is inefficient resource allocation. We could reduce the waste food production and reduce 'carbon' output from USA. Presumably next someone will point at another country and say 'they're worse'. That may be true, but it doesn't make the free market efficient, not make externalised environment damage go away.
- PeterisP 4y agoThat is efficient resource allocation, optimizing for scarce and important resources (in the case of USA, labor and customer convenience/time) at the expense of abundant and thus unimportant resources (in the case of USA, food).