cyrano@lemmy.dbzer0.com to Uplifting News@lemmy.worldEnglish · 1 month agoRice prices plunge to 8-year low after record harvestswww.ft.comexternal-linkmessage-square50linkfedilinkarrow-up1409arrow-down16file-text
arrow-up1403arrow-down1external-linkRice prices plunge to 8-year low after record harvestswww.ft.comcyrano@lemmy.dbzer0.com to Uplifting News@lemmy.worldEnglish · 1 month agomessage-square50linkfedilinkfile-text
minus-squarethe_q@lemmy.ziplinkfedilinkEnglisharrow-up45arrow-down2·1 month agoCapitalism makes this both uplifting and awful.
minus-squareLifeInMultipleChoice@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up39·1 month 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-down1·1 month agoIsn’t it more of a unplanned, free market problem? Related to capitalism (stock market), but not really capitalism.
minus-squarethe_q@lemmy.ziplinkfedilinkEnglisharrow-up17arrow-down2·1 month agoMaking a need a commodity is 100% capitalism.
minus-squareonslaught545@lemmy.ziplinkfedilinkEnglisharrow-up8arrow-down2·1 month agoI’m pretty sure every economic system will put a value on food
minus-squarethe_q@lemmy.ziplinkfedilinkEnglisharrow-up15arrow-down3·1 month agoHaving value isn’t the same as exploiting value for financial gain.
minus-squarejaybone@lemmy.ziplinkfedilinkEnglisharrow-up4·1 month 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.
lol even Marx and Engels in their manifesto cite this specifically as an example.