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No, demand will not translate to supply. The first priority of producers is not to satisfy demand, but to retain and gain power. On the demand side, what people
by npteljes 4y ago
No, demand will not translate to supply. The first priority of producers is not to satisfy demand, but to retain and gain power. On the demand side, what people really need doesn't translate perfectly to market demand. The imperfections of these sides won't create a system that satisfies the participants. What I'm trying to get at is the phenomenon of market failure. From the supply side, history saw countless examples when this happened; think of any cartel and monopoly.