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by radialstub
87 days ago
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> The fact that these high prices are caused by an actual lack of resources and that the higher prices are driving a reallocation of resources to those who need them most (ie. most willing to pay for them) is not on the radar for many Careful using words like "need". The resources are allocated to the economically most efficient sectors. Since if you are economically efficient, your profits are higher and can afford to pay more than others. |
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In most cases these are congruent ideas, though. If I have no choice but to drive, but someone can drive or take public transport or work from home, high fuel prices incentivise them to not use it, saving some for myself.
I'm sure there are plenty of people throughout an economy who just don't care, but on average it has substantial impacts, and it's common now for people to totally dismiss that.