4 ms·
Counterexample: WW2, where most of US industrial capacity was repurposed to win the war. Producers got paid, but the amounts they got were limited. They didn't
by not2b 5y ago
Counterexample: WW2, where most of US industrial capacity was repurposed to win the war. Producers got paid, but the amounts they got were limited. They didn't get to just name their price.
- cryptonector 5y agoThey got paid more than their input costs. None were forced to go bankrupt, and most made a profit.
- not2b 5y agoRight, and in times where price controls were imposed this principle (you can't force people to operate at a loss, but you can limit price gouging) have been applied.