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by hannasanarion
2277 days ago
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People will still be able to hoard things. The difference is that only the rich will hoard, because everybody else never got the chance. The normal market logic that high prices encourage extra production doesn't apply during an emergency, when the demand is panic-induced and momentary, and supply changes won't take effect until after the emergency is over. The actual solution that makes sure everyone gets what they need and theres no hoarding is rationing: limit the number that one person can buy. And that's exactly what most grocery stores are doing. |
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I'm not convinced the US government, let alone any western government, has the plan, manpower or infrastructure in place to actually take over distribution of essentials in fair quantities.