5 ms·
Who decides who runs the milk production department? In a market economy, everyone is free to compete, and everyone votes with his/her hard-earned dollars each
by aeternum 7y ago
Who decides who runs the milk production department?
In a market economy, everyone is free to compete, and everyone votes with his/her hard-earned dollars each time they purchase some milk.
With the government system, would you have people vote for the best milk producer? Is the general populace qualified or able to assess skill in milk production? If you instead decide to appoint this milk producer, how do you prevent corruption?
- yellowapple 7y ago> Is the general populace qualified or able to assess skill in milk production? Is the general populace somehow more qualified or able to make that assessment if they're voicing said assessment in the form of dollars paid?
- aeternum 7y agoYes, as it is a much simpler question: Is this gallon of milk worth my $3.27? Maybe this has been a good week and they choose the $4.27 organic variety. In contrast, when voting for a national milk producer, voters need to take into account the needs of the general populace, the future efficiency of each producer, possibly the weather and health of cows in different regions of the country. It is a much better deal to have the producers take on that risk, and let the consumers choose once the price and final product are known.