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They already have long queues and black markets without these laws, what are you even talking about? I can't literally hear anymore this delusion that the unr
by pietrovismara 7y ago
They already have long queues and black markets without these laws, what are you even talking about?
I can't literally hear anymore this delusion that the unrestricted market will fix everything. It is not true, for a simple reason: limited supply and logistic limitations. You just can't let people hoard goods with limited supply. This is true especially when we talk about vital goods. Every single case shows us that intervention is necessary to prevent hoarding.
- eru 7y agoYour claim is perhaps a bit too strong? Petrol is certainly a vital good. Yet, my example shows that Canadian laissez faire prevented queues seen in America. Same applies for eg post WWII rationing of food in Britain, France and Germany. As countries the rationing and price controls, they solved the very food shortages that these measures were trying to alleviate. See eg https://www.econlib.org/library/Enc/GermanEconomicMiracle.html https://www.econlib.org/library/Enc/GermanEconomicMiracle.ht...
- pietrovismara 7y agoOk but think about medical masks or hands sanitizer these days. Those are in high demand all over the world. Would the market be able to "do its magic" and have no regulation on vital medical goods? Obviously no. Few people started to hoard the most goods then charging crazy prices and leaving many others at risk of not being able to afford vital goods that should instead be distributed to everyone who needs it. And this doesn't even happen just for vital goods! Look at what people are doing with toilet paper.