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There is no private sector for US food prices, not since that great depression thing in the 1930s. However, the single point of failure thing is valid. The US is a bit more diversified for the moment.
Well, there's a private sector in the sense that, if a supermarket wants to import some beef and sell it at market rates, they can do that. I wouldn't say the US food supply is a free market by any means, but if prices need to rise due to scarcity, they're allowed to.
Plus, the US produces most of it's own food, whereas I gather Venezuela is fairly reliant on imports. Creating unrealistic price ceilings in that climate means those goods will no longer be sold.
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[–] B3bomber 0 points 1 point 1 point (+1|-0) ago
There is no private sector for US food prices, not since that great depression thing in the 1930s. However, the single point of failure thing is valid. The US is a bit more diversified for the moment.
[–] Broc_Lia ago
Well, there's a private sector in the sense that, if a supermarket wants to import some beef and sell it at market rates, they can do that. I wouldn't say the US food supply is a free market by any means, but if prices need to rise due to scarcity, they're allowed to.
Plus, the US produces most of it's own food, whereas I gather Venezuela is fairly reliant on imports. Creating unrealistic price ceilings in that climate means those goods will no longer be sold.
[–] B3bomber 0 points 1 point 1 point (+1|-0) ago
Sounds like they had poor planning all around. Those people will suffer because of it while the wealthy run off with the loot.