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> What if all food was priced "optimally" in terms of foodmakers' profit, making it so expensive that half of society starves to death? Umm, that is literally
by cortesoft 4y ago
> What if all food was priced "optimally" in terms of foodmakers' profit, making it so expensive that half of society starves to death?
Umm, that is literally how the food market works. The people selling food, including all the middle men, are selling it for as much as they can.
A sold out concert is like high end truffle... yes, they are crazy expensive, because they are rare and and in high demand. Most people can't afford to eat truffle often.
Most people have to eat cheaper food and don't get to eat truffles all the time. Because market sellers can sell their food at as high a price as they can get, more people are incentivized to produce food, and there ends up being enough food for most people to eat.
Of course the market isn't perfect, and we have to do things to make sure poor people don't starve, but that doesn't mean we stop using a market economy to allocate scarce resources.