tag:blogger.com,1999:blog-2761684730989137546.post8580692424266444159..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Prolific Australian Farmers can't even give their produce away...mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2761684730989137546.post-63321838830467342232015-01-28T13:56:19.455-05:002015-01-28T13:56:19.455-05:00It's not a problem with anybody claiming that ...It's not a problem with anybody claiming that there is "not enough money." The article says the problems are with distribution and processing channels and logistics.<br /><br />If a producer grows something in location A and there are consumers in location B who are willing to pay the producers an agreeable price for that product, that doesn't matter if there are no cost-efficient way of getting the product from A to B.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-43341083975782408222015-01-28T11:47:34.783-05:002015-01-28T11:47:34.783-05:00Markets are highly efficient wrt means but they ar...Markets are highly efficient wrt means but they are not necessarily effective wrt to goals other than maximizing firm profit under current conditions. Profit maximization is not a comprehensive goal for a society, and economies are the material life-support system of a society.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-85985528033654917152015-01-28T11:37:15.616-05:002015-01-28T11:37:15.616-05:00Right. We've run out of tokens that merely sho...Right. We've run out of tokens that merely show the accounting record of any distribution. Meanwhile, the real wealth, which has already been produced is left sitting undistributed.mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-81955613700038646772015-01-28T09:31:04.652-05:002015-01-28T09:31:04.652-05:00That's a problem inherent to "markets&quo...That's a problem inherent to "markets" and commodity production. Delivering that produce to where it was needed would entail a loss.Peter Panhttps://www.blogger.com/profile/09473311771939167712noreply@blogger.com