this post was submitted on 12 Feb 2024
830 points (96.3% liked)
solarpunk memes
2789 readers
503 users here now
For when you need a laugh!
The definition of a "meme" here is intentionally pretty loose. Images, screenshots, and the like are welcome!
But, keep it lighthearted and/or within our server's ideals.
Posts and comments that are hateful, trolling, inciting, and/or overly negative will be removed at the moderators' discretion.
Please follow all slrpnk.net rules and community guidelines
Have fun!
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is just asserting things as fact with no reasoning behind it, why would you need prices to determine if things are working? Do you use prices to determine if your food tastes good?
You're not going to read this, but I might as well explain it.
You are asking me to give a reason for the sky being blue, without looking outside. Just think about it for a minute. In general, higher quality things are more expensive. This isn't about "taste" but higher quality products that the average buyer would agree on:
https://en.wikipedia.org/wiki/Price_signal
What you think tastes good doesn't matter. Imagine there's a shortage of something (oranges for example) due to a poor crop harvest. The price of oranges will rise when the market learns this information. This helps compensate farmers who lost part of their crop and signals to the average consumer that they should buy fewer oranges.
In a normal competitive market, these prices decrease when supply increases to normal. The price signal tells the consumer they can buy more oranges again without them needing to consult a crop report.
It also tells the producers and the government what people think about purchasing that product. If they like it, they pay for it. These signals can be distorted by lack of competition or market access issues, but are better than asking everyone "does the food taste good?"