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The inflated prices do not result in supply shortages. The increased/altered demand during covid, combined with decreased supply due things like zero covid chin

The inflated prices do not result in supply shortages. The increased/altered demand during covid, combined with decreased supply due things like zero covid china policy, caused a shortage in the market. Price, naturally, increased in this environment to find a strike point where demand would be satisfied with available supply.

chii 4y ago
> The inflated prices do not result in supply shortages it's assumed that the shortage here meant supply at (the previously) low prices. Some people are making do without whatever that they originally intended, or found a substitution that was cheaper (and likely at a lower quality).
- deleted 4y ago
  [deleted]
Schroedingersat 4y ago
Talk about market realism. By that definition if everyone else died of starvation because there was one container food left and elon musk bought it there's no famine.
- criley2 4y ago
  Do you honestly believe that the 2020 Covid supply chain issues were caused by prices? That markets were 100% fine and one day someone was like, "nah fuckit, let's make shipping cost $30k instead of $3k, why not!" and bam, the supply issues started? Because if not, then you probably agree with me that increased/changed demand due to WFH combined with supply shortages (caused by China and others locking down), caused supply shortages, which naturally caused price to increase. > By that definition if everyone else died of starvation because there was one container food left and elon musk bought it there's no famine. This isn't even tangentially related to what I said. Like.... my brother in Christ... what. How did you even make this up? In your weird fake world where there is 1 food container, that's called a food shortage. A food shortage can lead to increased prices, which it would in your case. You're then saying that a rich person buys the one food. My sister in satan, there is still a shortage after Elon buys it. You see that, right? The shortage continues even though the limited supply was used. When people's food demand can't be met, it causes famine no matter where the strike price of food falls (if the food container cost just $0.01, but everyone was destitute, it would still be a famine!)

chii 4y ago

> The inflated prices do not result in supply shortages it's assumed that the shortage here meant supply at (the previously) low prices. Some people are making do without whatever that they originally intended, or found a substitution that was cheaper (and likely at a lower quality).

deleted 4y ago
[deleted]

Schroedingersat 4y ago

Talk about market realism. By that definition if everyone else died of starvation because there was one container food left and elon musk bought it there's no famine.

criley2 4y ago
Do you honestly believe that the 2020 Covid supply chain issues were caused by prices? That markets were 100% fine and one day someone was like, "nah fuckit, let's make shipping cost $30k instead of $3k, why not!" and bam, the supply issues started? Because if not, then you probably agree with me that increased/changed demand due to WFH combined with supply shortages (caused by China and others locking down), caused supply shortages, which naturally caused price to increase. > By that definition if everyone else died of starvation because there was one container food left and elon musk bought it there's no famine. This isn't even tangentially related to what I said. Like.... my brother in Christ... what. How did you even make this up? In your weird fake world where there is 1 food container, that's called a food shortage. A food shortage can lead to increased prices, which it would in your case. You're then saying that a rich person buys the one food. My sister in satan, there is still a shortage after Elon buys it. You see that, right? The shortage continues even though the limited supply was used. When people's food demand can't be met, it causes famine no matter where the strike price of food falls (if the food container cost just $0.01, but everyone was destitute, it would still be a famine!)