4 ms·
It would also have the benefit of making supply chains more robust. Baby formula prices shot up during the pandemic because one factory had a contamination pro
by vharuck 3y ago
It would also have the benefit of making supply chains more robust. Baby formula prices shot up during the pandemic because one factory had a contamination problem. My sister-in-law was asking friends on Facebook to look in their local stores for a specific type of formula her baby needed, because her store has empty shelves of it for a month.
The free market wasn't solving that problem. A new baby formula factory can't just be built to cover a gap that'd probably disappear in a year. But that leaves people in a shitty position for a year.
- yjftsjthsd-h 3y ago> The free market wasn't solving that problem. By the definition I learned in school, that's not a free market, precisely because it can't scale on both supply and demand sides. If it can't be (if factory startup costs will always be too high) then that's an argument for regulation to offset the problem, but it's not a free market problem.