@andersostlund "willing to pay for" is the most overlooked part of the definition.
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Replying to @GHejncze
@burgherreview Why? We always pay exactly what we are willing to pay for every single product we buy. That is market economy and it works.
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Replying to @andersostlund
@andersostlund and when no one offers to sell at the price you offer to buy is market too. A dangerous combination when it comes to food.1 reply 0 retweets 1 like -
Replying to @GHejncze
@burgherreview Not at all. You would have just the amount and kind of food produced that people want to buy. Market economy at work.
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Replying to @andersostlund
@andersostlund in theory - yes. In reality adjustments will be ugly.1 reply 0 retweets 0 likes -
Replying to @GHejncze
@burgherreview Adjustments are almost always unpleasant in a market economy. In a planned economy they are disastrous.
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Replying to @andersostlund
@andersostlund by the way, what do you think about universal basic income?1 reply 0 retweets 1 like -
Replying to @GHejncze
@burgherreview For the same reasons as before I am against it. Income should be set by the market. Helping the poorest in society different.
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Replying to @andersostlund
@andersostlund how do you address existence of humans, who have no economic value? That is, anything they can do, machines can do cheaper.1 reply 0 retweets 0 likes -
Replying to @GHejncze
@andersostlund market will duly set their income to zero and eliminate them in due course.2 replies 0 retweets 0 likes
@burgherreview I don't agree with you but it will be a long discussion. My main point is that the governments should stay away from market.
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