cyrano@lemmy.dbzer0.com to Uplifting News@lemmy.worldEnglish · 21 天前Rice prices plunge to 8-year low after record harvestswww.ft.comexternal-linkmessage-square53fedilinkarrow-up1414arrow-down16file-text
arrow-up1408arrow-down1external-linkRice prices plunge to 8-year low after record harvestswww.ft.comcyrano@lemmy.dbzer0.com to Uplifting News@lemmy.worldEnglish · 21 天前message-square53fedilinkfile-text
minus-squarethe_q@lemmy.ziplinkfedilinkEnglisharrow-up45arrow-down2·21 天前Capitalism makes this both uplifting and awful.
minus-squareLifeInMultipleChoice@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up40·21 天前The article basically says Indonesia and the Philippines aren’t importing any rice so the demand is way down, bringing the prices back to what they were at before the prices jumped apparently. Way down is apparently around the price in 2022/2023
minus-squarepositiveWHAT@lemmy.worldlinkfedilinkEnglisharrow-up4arrow-down1·21 天前Isn’t it more of a unplanned, free market problem? Related to capitalism (stock market), but not really capitalism.
minus-squarethe_q@lemmy.ziplinkfedilinkEnglisharrow-up18arrow-down2·21 天前Making a need a commodity is 100% capitalism.
minus-squareonslaught545@lemmy.ziplinkfedilinkEnglisharrow-up8arrow-down2·21 天前I’m pretty sure every economic system will put a value on food
minus-squarethe_q@lemmy.ziplinkfedilinkEnglisharrow-up16arrow-down3·21 天前Having value isn’t the same as exploiting value for financial gain.
minus-squareMiles O'Brien@startrek.websitelinkfedilinkEnglisharrow-up2·21 天前The things I inherited from my grandpa are valuable. 0 chance I’d even consider selling them. I will be giving them away or willing them to people when I die/get older though.
minus-squareLousyCornMuffins@lemmy.worldlinkfedilinkEnglisharrow-up2·21 天前well, he was more than a man
minus-squarejaybone@lemmy.ziplinkfedilinkEnglisharrow-up3·21 天前lol even Marx and Engels in their manifesto cite this specifically as an example.
Capitalism makes this both uplifting and awful.
The article basically says Indonesia and the Philippines aren’t importing any rice so the demand is way down, bringing the prices back to what they were at before the prices jumped apparently.
Way down is apparently around the price in 2022/2023
Isn’t it more of a unplanned, free market problem? Related to capitalism (stock market), but not really capitalism.
Making a need a commodity is 100% capitalism.
I’m pretty sure every economic system will put a value on food
Having value isn’t the same as exploiting value for financial gain.
The things I inherited from my grandpa are valuable.
0 chance I’d even consider selling them. I will be giving them away or willing them to people when I die/get older though.
well, he was more than a man
He was a union man.
lol even Marx and Engels in their manifesto cite this specifically as an example.