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Indeed, some forms of farming e.g. cotton in Australia are literally unsustainable when exposed to market forces. Doesn’t mean capitalism is wrong in this case
by moomin 7y ago
Indeed, some forms of farming e.g. cotton in Australia are literally unsustainable when exposed to market forces.
Doesn’t mean capitalism is wrong in this case, though.
- pstuart 7y ago> Doesn’t mean capitalism is wrong in this case, though. Edit: Wes it does, in this case. This is not some software startup. The water, which ostensibly belongs to all, is the input to this wealth. Plus, that's a stupid use of water that should not be rewarded. Original below ---------------- of course it does. It's "captialism" and we must bow down before it and not question any of the inputs to the money being made.
- core-questions 7y agoIf market forces would make something which is already unsustainable untenable without subsidization, it is the subsidization that is the problem because it enables the unsustainable behaviour. In other words: let the cotton farmers get stuck with paying for the water, and the business will simply dry up, and the water will be used for economically sound purposes.
- pstuart 7y agoSure. But since the word "subsidization" is in play, are we now talking about socialism? :-)
- moomin 7y agoThis is the fun thing. If person X thinks the fair price for something is $1, person Y thinks it’s $10, and the government has to set the price, both of them can yell “Socialism” at the other and never actually address anything.
- pstuart 7y agoI'm specifically referring to the Government giving money or forgiving taxes to business in order to help them. That is not "Capitalism".