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NE Oregon | I disagree entirely. Free market economics doesn’t mean maximum production. It means optimum production.
Think about the stable rate for roofing contractors in Florida. And suddenly they get hit by a hurricane, lots of people needing roofs redone and prices necessarily have to go up because roofers have to prioritize jobs. Increased prices attracts new roofers into the market place, which fills the demand, and once the surplus demand subsides the market drops back to the stable rate.
The problem is when politicians attempt to “help” by passing price control legislation in order to “moderate” the situation. Sure, no roofers are allowed to charge more, or gouge, the customers in need, but then there is no price incentive for new roofers to enter the market and it takes a hell of a lot longer for most people to have their roof repaired.
A bit of a long winded, non ag, example. But no system will be perfect for all people, in all situations, all of the time. But free market capitalism is far and above the closest thing to being there.
Too bad we don’t really have it in America. | |
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Blue tombstone.
