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If the bread price explodes, poor people will starve and the rest of the population ends up paying a boatload of money to the lucky few bakers. If the bread pri
by crote 6y ago
If the bread price explodes, poor people will starve and the rest of the population ends up paying a boatload of money to the lucky few bakers. If the bread price remains stationary, people will starve randomly.
People are going to starve either way, why not skip the whole "make the bakers filthy rich" part?
- krcz 6y agoWhen the price explodes, bakers may hire more people and bake bread during night and day, increasing the supply.
- sudosysgen 6y agoYes, they do this even if the price only goes up 3-4x, it's not needed for the price to increase thousandfold. Also, this doesn't really apply to housing.
- krcz 6y agoI fully agree, thousandfold price increases would suggest that processes that control prices in free market system had become unstable. In such cases I'd agree with state intervention. Fortunately it doesn't happen that often. > Also, this doesn't really apply to housing. Correct, it's more complex there and some of the reasons are mentioned in the article.
- La1n 6y agoAnd Berlin needed rent control exactly because this didn't happen.
- alacombe 6y agoThat's petty resentment right here found in both communist ethics and catholicism... "if I can't get filthy rich, nobody shall be". If the bakers gets filthy rich, kudos on them !