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Right, and if you redistributed the monetary wealth down to the starving people, they would quickly buy up all the slack in the existing food chain and still no
by savanaly 10y ago
Right, and if you redistributed the monetary wealth down to the starving people, they would quickly buy up all the slack in the existing food chain and still not have enough food. If we're lucky and the free market is allowed to operate from there (oops-- hope the government didn't institute a price ceiling for food when the price shot up or this next part won't happen!) then some yacht factory somewhere will be broken down and recreated as a farm to make the now high in demand (and profitable) food and in the end the production capacity of the economy would satisfy those 795 million. So we're not in disagreement, but I think the distinction between redistributing money and reorienting the supply side of the economy to be more egalitarian is very important.