#FreeMarkets #Capitalism #Economy #DesignFlaw
The idea of free markets means that supply and demand regulate each other via prices. It means that whenever a product's demand goes up, sellers will increase prices (then driving supply).
I think this is a huge problem. Honestly, I don't understand why this keeps being advertised as something beneficial. When supply cannot keep up, prices reduce demand --- by the simple fact that many cannot afford the product any more.
Basically, whenever something becomes high in demand, certain groups of society are systematically excluded from access. This is a broken design.
This systematic flaw is exarcerbated by the negative correlation between power and exclusion. Those who are being cut off are not those who influence the decisions.