cyrano@lemmy.dbzer0.com to Uplifting News@lemmy.worldEnglish · 1 year agoRice prices plunge to 8-year low after record harvestswww.ft.comexternal-linkmessage-square51linkfedilinkarrow-up1416arrow-down10file-text
arrow-up1416arrow-down1external-linkRice prices plunge to 8-year low after record harvestswww.ft.comcyrano@lemmy.dbzer0.com to Uplifting News@lemmy.worldEnglish · 1 year agomessage-square51linkfedilinkfile-text
minus-squarethe_q@lemmy.zipdeleted by creatorlinkfedilinkEnglisharrow-up45·1 year agoCapitalism makes this both uplifting and awful.
minus-squareLifeInMultipleChoice@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up40·1 year agoThe 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-up4·1 year agoIsn’t it more of a unplanned, free market problem? Related to capitalism (stock market), but not really capitalism.
minus-squarethe_q@lemmy.zipdeleted by creatorlinkfedilinkEnglisharrow-up18·1 year agoMaking a need a commodity is 100% capitalism.
minus-squareonslaught545@lemmy.ziplinkfedilinkEnglisharrow-up8·1 year agoI’m pretty sure every economic system will put a value on food
minus-squarethe_q@lemmy.zipdeleted by creatorlinkfedilinkEnglisharrow-up16·1 year agoHaving value isn’t the same as exploiting value for financial gain.
minus-squareMiles O'Brien@startrek.websitedeleted by creatorlinkfedilinkEnglisharrow-up2·1 year agoThe 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-squareMinnesotaGoddam@lemmy.worldlinkfedilinkEnglisharrow-up2·1 year agowell, he was more than a man
minus-squareMiles O'Brien@startrek.websitedeleted by creatorlinkfedilinkEnglisharrow-up2·1 year agoHe was a union man.
minus-squarejaybone@lemmy.ziplinkfedilinkEnglisharrow-up3·1 year agolol 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.