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> Pricing a scarce resource doesn't "screw over" anyone. Citation needed! For reference, here's a toy model where pricing a scarce resource screws someone ove
by cousin_it 12y ago
> Pricing a scarce resource doesn't "screw over" anyone.
Citation needed!
For reference, here's a toy model where pricing a scarce resource screws someone over:
- There are two people in the model, Alice and Bob.
- Alice is very rich, Bob is very poor.
- Each of them needs a loaf of bread per day to survive (100 utility), and would also enjoy eating a second loaf (1 utility).
- Initially, each of them gets a loaf from the government for free. There are only two loaves available per day.
- Now let's price the scarce resource, and have the government sell the loaves instead! Alice buys both loaves and enjoys life. Bob doesn't get anything and dies.
Right?
- AnthonyMouse 12y agoNot being able to afford the market price of a resource is not "getting screwed" and you're just being inflammatory by making it a matter of life and death. H1B visas are not a matter of life and death; we're talking about people who want to make more money, not people seeking political asylum. Suppose we make your exact scenario about a rare/endangered species of caviar. Bob can still buy bread for one credit but you're arguing that the government should ensure the equitable distribution of caviar because the market price isn't fair to Bob who can't afford it. Bob is not getting screwed, Bob just can't afford caviar.
- deleted 12y ago[deleted]
- LLWM 12y agoPricing didn't screw Bob, being poor did.