< Wspomóż Petroskowo
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At a basic level, the promise of our supply-and-demand #capitalism is that those who want a good or service are willing to pay more for it. But that’s illogical, because those who want or need goods the most may not be able to pay top dollar for them.The result of this flawed logic has been that even the threat of disruptions to #grain supply have driven prices high and placed populations in countries across Africa, the Middle East and Asia at risk of #hunger.
The #financialization of everything, including basic needs, is just one mechanism of #neoliberal capitalism, and it reveals the dangers of turning basic needs into commodities.
Grain as a weapon: Russia-Ukraine war reveals how capitalism fuels global hunger
The Ukraine war’s impact on food insecurity is critical, but there is more to the picture. The main problem is that capitalism allows food and other basic needs to become precarious commodities.The Conversation
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robryk
in reply to 8Petros [Atlas Unshrugged]_ • • •What I find hard to reason about in this area is comparing how much _different people_ want something. I can tell how (in a world of perfectly honest and omniscient people who will answer all questions) to tell whether one person wants X more than Y ("what would you do if you could pick one of them only?"). Do you have a candidate definition (or something that points in the direction of one) for comparisons of wants between different people?