We are talking about commodities being priced too low. Which you’re saying wouldn’t lead to shortages. Which is wrong
Discussion
No.
We’re talking about commodities being produced to levels where they will be priced low.
Look:
1) you don’t understand the current system in the US
2) it’s also apparent you don’t understand the amount of food that is thrown away on a daily basis.
These are things I’m very familiar.
Have knowledge before you spout nonsense.
Nah you are very ignorant to basic Econ. Producing too much supply has its own issues, especially with perishable goods. Why would a company increase their production capacity and not adjust this based on demand. Thats how you go bankrupt as a company
The current system in the U.S. is the result of price controls and crony protectionism. Overproduction of food over the long term is the result of subsidies, rebates, etc. and are funded by confiscatory taxation. Market interference always leads to shortages or surpluses--this is an economic principle against which there is no law. I appreciate the desire to help the poor--honestly--but there is a better way to do it that doesn't unintentionally harm them in the long term. See Michael Bauman, "Dangerous Samaritans: How we Unintentionally Harm the Poor".
Price controls inevitably require an authority to enforce them, which leads to producers producing at quantities that are unprofitable, and in the long term drives producers out of the market. This is the lesson of history.
Yep^