COVID-19 is exposing a lot of truths.
The free market is useless in any kind of crisis. It is barely functional in terms of mobilising labour and resources in the best conditions, it is flat out useless when things are tough - and things are going to get tough as the climate worsens and the oil runs out.
It turns out that the people paid the least in society are the most important, and many highly regarded jobs just aren't all that important. can you explain how I could buy nintendo consoles in your ideal society? Cuz if you cant then it's just not something I want

@igel I don't have an ideal society.
If an item is not scarce, then you go and get it. If an item is scarce, we find ways to deal with that scarcity (non-capitalist markets, rationing).

Most scarcity is enforced, and you managed to pick a good example of one. Nintendo intentionally restricts how many items it produces to keep the price up in the name of profit.

Free markets are terrible at distributing goods to those who need or want them.

@igel @jospanner so in these "non-capitalist markets" what mechanism exists for distributing scarce goods according to needs and wants, if not prices?

@hector @igel A non-capitalist market has prices, that's why it's a market.

@jospanner @igel how are the prices determined then, if not by supply and demand?

@hector @igel Not even the 'free market' operates on supply and demand. Even in the best of times there was government intervention because it is flat out incapable of properly distributing goods.

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