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What is stopping food producers or sellers from 10xing their prices tomorrow to price out the less than wealthy? You're free to sell rice at $1000/kg but you pr
by vageli 4y ago
What is stopping food producers or sellers from 10xing their prices tomorrow to price out the less than wealthy? You're free to sell rice at $1000/kg but you probably won't find too many interested buyers.
- FerociousTimes 4y agoRice is a fungible and commoditized food source where no apparent global producer has enormous pricing power to dictate prices according to their whims, while popular music bands/acts are not commoditized and the supply is intrinsically limited or even scarce, and thus pricing is more flexible and can be manipulated more easily.
- bheadmaster 4y agoWhat if someone very rich simply bought all the world's food supply and started selling it for an enormous price? Sounds like a plot to a dystopian movie to me.