> I’d much prefer the free market approach where there are multiple actors each making different bets on future demand than some overarching rule about how future demand should be planned for (thats how we get famines).
Interestingly, food production is heavely planned through regulation, subsidies and incentives in most countries precisely because the free market cannot be trusted with such a sensitive matter. Famines cause riots and that's bad for buisness.
Interestingly, food production is heavely planned through regulation, subsidies and incentives in most countries precisely because the free market cannot be trusted with such a sensitive matter. Famines cause riots and that's bad for buisness.