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Relying on the free market and speculators to fix this problem sounds both realistic and incredibly dystopian to me. Sure, the market is efficient, but that doe
by krastanov 7y ago
Relying on the free market and speculators to fix this problem sounds both realistic and incredibly dystopian to me. Sure, the market is efficient, but that does not mean it works for everyone. An imaginary efficient benevolent government would use the same prediction models to provision for extra food for the downtrodden instead of trying to exploit the demand they will create for profit. The free market solution really hurts the people that do not have the disposable income to "invest" in the market.
- wongarsu 7y agoThis is something a government should absolutely do, it's basically disaster prevention. However I don't think democracies are well equipped to handle such tasks in general: decisions are made by people who are either part of a body of hundreds of people or frequently have term limits that prevent them from seeing the consequences of decisions on disaster prevention. This creates a lack of consequences and personal responsibility. In comparison a dictator-for-life is easy to blame for all problems, he just may not care. Ideally we would find a better form of government. I don't have any particularly good ideas though.
- jacobush 7y agoThe other forms of government yet invented and tried, seem to be doing even worse at disaster prevention.