Comment on Modern Monetary Theory: Musk Edition
UnderpantsWeevil@lemmy.world 5 days agoWe’re already straining the resource capacity of the globe, and Americans are an enormous consumer endpoint relative to population size.
Simply issuing more cash won’t create more end products. And when a handful of cartelized retailers control the flow of trade?
Prices are already artificially inflated to accommodate marketing costs and profit. Why retailers continue to raise prices to catch that additional free cash?
DanVctr@sh.itjust.works 5 days ago
There is enough food produced globally to feed everyone alive and still have some left over.
The problem is a large portion of it goes bad in the grocery store because no one buys it and it ends up in a landfill.
gandalf_der_12te@feddit.org 3 days ago
grocery stores need to produce surplus, otherwise you’re just increasing systemic risks
UnderpantsWeevil@lemmy.world 5 days ago
More broadly speaking, it’s poorly stored and distributed. But yes, we do a miserable job of keeping people fed.
gandalf_der_12te@feddit.org 3 days ago
do you actually believe this? how many people you know (directly or indirectly) go unfed?
UnderpantsWeevil@lemmy.world 3 days ago
Well, I know maybe 30 people who I talk to on a regular basis. And none of them are currently starving. So I guess my local food bank isn’t actually stretched to the limit. And the South Sudan famine is fake news.