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Consider how much people spent on food back then vs now. Consider the percentage people in smaller countries without large efficient firms spend on food. Cons
by throwawaysleep 2y ago
Consider how much people spent on food back then vs now.
Consider the percentage people in smaller countries without large efficient firms spend on food.
Consider the far high prices of Canadian milk, cheese, eggs, and chicken as the law caps production and provides no way to eliminate smaller inefficient producers by outcompeting them.
Nowhere in the world spends a lower percentage of income on food than the USA.
https://ourworldindata.org/grapher/food-expenditure-share-gdp?country=~USA https://ourworldindata.org/grapher/food-expenditure-share-gd...
The system works for consumers. Tremendously well.
- llm_trw 2y agoIn 2022, before the bulk of the current inflation materialized. Saying it worked before is a bit like saying "I can't have diabetes, I played football in highschool!".
- lotu 2y agoI'm not sure that data is super telling, all it means is the food is a lower percentage and giving the costs of education, housing, and insurance perhaps not that surprising.
- HumblyTossed 2y agoYou know, you're right. We should be perfectly okay with things just the way they are. In fact, let's just keep going until there's only one big player in every market!
- justinlloyd 2y agoThis reads like whataboutism. Very disingenuous.