1,601 karma · joined November 28, 2017
Not to mention, if your land is all but barren and it requires fertilizers to grow, when prices spike or supply disappears and the farmer can’t afford to plant…the output is zero.
Perhaps some public services can’t turn a profit but are still necessary. Perhaps they can turn a profit if even more people use them. Perhaps other economic models are needed for these companies, see for example Singapore and Hong Kong where the rail company owns the land at stations and are allowed to develop there which funds the network and incentivizes buildout.
The most pressing example is fast fashion. The clothes are too cheap, incentivising use-and-bin behavior, and they also don't last because they're cheap synthetics. Cotton is relatively more expensive, but at the very least lasts longer. The race to the bottom must be halted.