cyrano@lemmy.dbzer0.com to Uplifting News@lemmy.worldEnglish · 2 months agoRice prices plunge to 8-year low after record harvestswww.ft.comexternal-linkmessage-square27linkfedilinkarrow-up112arrow-down11file-text
arrow-up111arrow-down1external-linkRice prices plunge to 8-year low after record harvestswww.ft.comcyrano@lemmy.dbzer0.com to Uplifting News@lemmy.worldEnglish · 2 months agomessage-square27linkfedilinkfile-text
minus-squarethe_q@lemmy.ziplinkfedilinkEnglisharrow-up4arrow-down1·2 months agoCapitalism makes this both uplifting and awful.
minus-squareLifeInMultipleChoice@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·2 months 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-up0·2 months agoIsn’t it more of a unplanned, free market problem? Related to capitalism (stock market), but not really capitalism.
minus-squarethe_q@lemmy.ziplinkfedilinkEnglisharrow-up0arrow-down1·2 months agoMaking a need a commodity is 100% capitalism.
minus-squareonslaught545@lemmy.ziplinkfedilinkEnglisharrow-up0·2 months agoI’m pretty sure every economic system will put a value on food
minus-squarethe_q@lemmy.ziplinkfedilinkEnglisharrow-up0arrow-down1·2 months agoHaving value isn’t the same as exploiting value for financial gain.
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.