Re:Bad government policy is fueling the infant formula shortage
by kareemsabri on Saturday May 14, 2022 @03:50PM
(#31381670)
Why is that necessary when it appears there is sufficient global supply and regulations are causing it to be unavailable to the US market? The issue isn't a shortage of production, as far as I can tell. And even if there were, a stockpile only absorbs a temporary shortage. A strong industry with many producers is what the government should desire, I imagine.
Re:Bad government policy is fueling the infant formula shortage
by alasdair_ on Saturday May 14, 2022 @06:28PM
(#31383286)
It makes sense from a national defense perspective to have reasonable stockpiles of essential goods.
Re:Bad government policy is fueling the infant formula shortage
by kareemsabri on Saturday May 14, 2022 @06:41PM
(#31383408)
I'm not a national defense expert, but it seems to make sense to ensure your country can get access to essential goods. One possible solution would be stockpiling them. Another would be maintaining the capacity either in the state or the private sector to acquire or manufacture them rapidly. It feels like hindsight 20/20 to say "why didn't the government have a stockpile of [thing we had a shortage of]".
It appears to me the policy here led to essentially a single point of failure or low optionality for the market to get the product. Not clear stockpiling is the answer to that problem.
Re:Bad government policy is fueling the infant formula shortage
by Consultant32452 on Sunday May 15, 2022 @02:20AM
(#31385623)
It's literally impossible to stockpile all essential goods.
Re:Bad government policy is fueling the infant formula shortage
by azemetre on Saturday May 14, 2022 @06:47PM
(#31383456)
In our current political climate, people would attack this during the good times as wasteful and not a good use of money. I agree with you, but we have a party in this country that doesn't think good governance is a virtue.
We have national oil reserves. Having reserves of other essential assets seems fine to me, especially in the case where there are few substitute goods.