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A comment on Food security and the coming storm. Parent comment

Re:Food security and the coming storm by actually_a_dog on Sunday May 29, 2022 @06:28PM (#31553504)
> the current climate allows price increases and thus an increase in margins.

I just want to point out and emphasize that this is literally saying "companies can raise prices right now because they feel like it." This is not how a "free market" is supposed to work.

[ Parent | on HN ]
Re:Food security and the coming storm by GekkePrutser on Sunday May 29, 2022 @08:34PM (#31554322)
Free markets never work when the players get too big to fail. It happened for banks, it happened for tech and it's happening to food.
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Re:Food security and the coming storm by actually_a_dog on Monday May 30, 2022 @09:09AM (#31558585)
Right. And that "when" is actually "always, eventually," because free markets create concentration of wealth (in practice, not in theory, which implies the theory isn't all that useful). So, you might as well modify this to "free markets never work in the long run."
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