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Are there commodities where you do think people should be allowed to corner the market?
by cbr 11y ago
Are there commodities where you do think people should be allowed to corner the market?
- thrownaway2424 11y agoMaybe. I'd have to think about it. Water is singularly unlike any other commodity, though, because of its positive external effects on society. As an example I give you sanitation. Do you want to ride on a bus full of people who do not all have running water at home, for washing their hands? Probably not.
- kbenson 11y agoI don't particularly see a problem if someone wants to corner the market on pork bellies. It's tasty, but entirely non-essential.
- Retric 11y agoThe most obvious case is patented drugs. As that's the point of patents in the first case.
- kbenson 11y agoI'm not sure that could be considered a commodity. Then again, a patent is a way to control the market to such a degree that something can't even become a commodity, so I guess it works in that sense.
- landryraccoon 11y agoCorner the market on water? One of the most common compounds on the planet earth? The price of metered water in San Francisco is $5.45 for 748 gallons. I am having difficulty imagining how any conceivable price increase could either deny the poor enough water to drink, cook and shower or open the door to a monopolist to seize control of all of it.
- alkonaut 11y ago> One of the most common compounds on the planet earth If the price of water coming in the one pipe that leads to your hose would be hiked by 100x, you would proably be upset. It's both very difficult to provide a functioning market because of infrastructure, and people would pay almost infinitely for clean water.