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Yeah, that's kind of the beauty of capitalism. It can lead to short-term shortages but never structural ones. Any demand gets immediately fulfilled. I grew up
by ricardobayes 12d ago
Yeah, that's kind of the beauty of capitalism. It can lead to short-term shortages but never structural ones. Any demand gets immediately fulfilled.
I grew up in a country where there was a structural shortage of say, shoes and cars. You didn't really even get to choose which shoe you wanted to get, when there was a new shipment, folks went to the "department store" and got whatever size they could get their hands on and later trading it for the right one. To get any car, you would submit an application and 5-8 years down the line you would get a letter that your car would now be ready to be picked up, in a random color.
- redsymbol 12d agoThanks for sharing that. I am grateful every day that I was born in such an abundant environment. I have a few friends who did not, like you, and it always reminds me of how lucky I have been.