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What are they doing with all that squid? If the market price of the squid doesn't cover the cost of extraction, then that must mean there isn't much demand for
by jbob2000 6y ago
What are they doing with all that squid? If the market price of the squid doesn't cover the cost of extraction, then that must mean there isn't much demand for the product.
- rich_sasha 6y agoCentrally planned economies don’t really factor such things in. Extract one resource at a loss to “book” a gain elsewhere. So they probably think net they are profiting from this. But then, centrally planned economies are not efficient at decision-making...
- meddlepal 6y agoI dont think China counts as a centrally planned economy. Its a weird state-capitalism hybrid. The government has a say in corporate affairs but doesn’t set production goals.
- kingkawn 6y agoThat is exactly how it works over in our “unplanned” economies too
- gruez 6y agoYou mean within companies? Those are defacto planned economies.
- learc83 6y agoIs there some kind of subsidy for squid maybe?