cyrano@lemmy.dbzer0.com to Uplifting News@lemmy.worldEnglish · 3 days agoRice prices plunge to 8-year low after record harvestswww.ft.comexternal-linkmessage-square52fedilinkarrow-up1404arrow-down15file-text
arrow-up1399arrow-down1external-linkRice prices plunge to 8-year low after record harvestswww.ft.comcyrano@lemmy.dbzer0.com to Uplifting News@lemmy.worldEnglish · 3 days agomessage-square52fedilinkfile-text
minus-squarethe_q@lemmy.ziplinkfedilinkEnglisharrow-up42arrow-down1·3 days agoCapitalism makes this both uplifting and awful.
minus-squareLifeInMultipleChoice@lemmy.dbzer0.comcakelinkfedilinkEnglisharrow-up39·3 days 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-up4arrow-down1·3 days agoIsn’t it more of a unplanned, free market problem? Related to capitalism (stock market), but not really capitalism.
minus-squarethe_q@lemmy.ziplinkfedilinkEnglisharrow-up18arrow-down1·3 days agoMaking a need a commodity is 100% capitalism.
minus-squareonslaught545@lemmy.ziplinkfedilinkEnglisharrow-up8arrow-down2·3 days agoI’m pretty sure every economic system will put a value on food
minus-squarethe_q@lemmy.ziplinkfedilinkEnglisharrow-up16arrow-down2·3 days agoHaving value isn’t the same as exploiting value for financial gain.
minus-squareMiles O'Brien@startrek.websitelinkfedilinkEnglisharrow-up2·3 days 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-squareLousyCornMuffins@lemmy.worldlinkfedilinkEnglisharrow-up2·2 days agowell, he was more than a man
minus-squarejaybone@lemmy.ziplinkfedilinkEnglisharrow-up3·2 days 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.