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Instead of price controls to prevent gouging, why doesn't the government build up reserves and stockpiles? (lemmy.crimedad.work)

submitted 1 month ago by [email protected] to c/[email protected]

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cross-posted from: https://jorts.horse/users/fathermcgruder/statuses/113008342518705813

Instead of price controls to prevent gouging, why doesn't the government build up reserves and stockpiles?

#economics #HarrisWalz #PriceControls #gouging

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[–] [email protected] 0 points 4 weeks ago (2 children)

The Soviets tried that and it is the root cause of some of the most serious famines ever seen. Not a good idea. Government, by its nature, is an inefficiency engine. You want the government in the picture as little as possible. This increases that and will cause more inequality not less.

[–] [email protected] 0 points 4 weeks ago* (last edited 4 weeks ago)

The Soviets tried that and it is the root cause of some of the most serious famines ever seen.

What are you talking about? There was one famine, and it happened near the beginning of the Soviet Union’s history, after a civil war. And this was a country where for centuries under tsarist rule famines had been a common occurrence. What the Soviet Union did was end famines.

Government, by its nature, is an inefficiency engine.

This sounds like neoliberal Road to Serfdom nonsense. Inefficient compared to what, the invisible hand?

This increases that and will cause more inequality not less.

Again, what are you talking about? Inequality in Russia has risen since the fall of the Soviet Union. Have you forgotten about shock therapy already?

[–] [email protected] 0 points 4 weeks ago

Who said Gov is an inefficiency engine? That sounds more like neo-liberal dogma then actual peer reviewed work.