☆ Yσɠƚԋσʂ ☆ to EconomicsEnglish · 2 months agoOh no, not more OvErProDucTioN!www.ft.comexternal-linkmessage-square2fedilinkarrow-up115arrow-down10file-text
arrow-up115arrow-down1external-linkOh no, not more OvErProDucTioN!www.ft.com☆ Yσɠƚԋσʂ ☆ to EconomicsEnglish · 2 months agomessage-square2fedilinkfile-text
minus-square☆ Yσɠƚԋσʂ ☆OPlinkfedilinkarrow-up6·2 months agoExactly, the whole premise of capitalism was that capitalist markets would allocate labor and resources efficiently resulting in cheaper products. We’re now clearly seeing that markets simply can’t keep up with state driven planning.
Exactly, the whole premise of capitalism was that capitalist markets would allocate labor and resources efficiently resulting in cheaper products. We’re now clearly seeing that markets simply can’t keep up with state driven planning.