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by dcow
1832 days ago
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That’s not how I read the infographic. I read as: wood bug ruins a bunch of trees then human speculators shorted the lumber market which caused sawmills to close. The problem here is humans being able to profit off of volatility in commodities during a crisis. I’m entertaining a solution that prevents humans from being able to do this by including built-in buffers that apply consistently and equally without human intervention. Demand didn't skyrocket, it simply stayed the same but because humans tried to preempt things sawmills closed and boom now there’s no supply to meet the existing demand so prices skyrocketed. |
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