alt Hacker NewsBut in a pure market that would mean that during overproduction times, prices should be low. Which they artificially aren't through industry price fixing.
But in a pure market that would mean that during overproduction times, prices should be low. Which they artificially aren't through industry price fixing.
I’m not sure what a pure market is.
The result that free markets are Prato optimal, though, requires conditions like low barriers to entry, perfect information, and low cost transactions… none of which seem very well met in the case of agriculture.