3 ms·

No, that's how a free market is supposed to work but no one's ever seen a free market in the wild.

• deleted 7y ago
  [deleted]
• mrep 7y ago
  Most agriculture markets are extremely competitive such that they are basically perfect competition.
  • arcticbull 7y ago
    Might I suggest perusing the Farm Bill? The government is literally paying farmers to grow crops people wouldn’t pay for. That doesn’t sound like a very free market system... frankly I wish they’d stop.
    • mrep 7y ago
      That's to insure we aren't undersupplied on food and famines caused by a bad season/trade with another country are absolutely terrible. Seems like a cheap insurance for a terrible possible outcome especially considering that any consistent oversupply from the subsidies will get weeded out due to the subsidies. Would you prefer a shortage of food every few years?
      • arcticbull 7y ago
        That hardly supports your argument that it’s a free market, and that’s the point I was making. The rest was an aside. I don’t know there’s evidence that not subsidizing corn (the vast majority isn’t for human consumption anyways) to below the cost of production is the only way you ensure lack of famine. Either way I’m not sure why this socialism is okay but medicine is beyond the pail. For instance grain crops can be stored long-term by the government [1] and of course so can raisins [2]. None of this has to do with the farm bill. [1] https://en.wikipedia.org/wiki/Strategic_grain_reserve https://en.wikipedia.org/wiki/Strategic_grain_reserve [2] https://en.wikipedia.org/wiki/National_Raisin_Reserve https://en.wikipedia.org/wiki/National_Raisin_Reserve