As UC Berkeley economics professor Brad DeLong put it to me:You get famine if the price of food spikes far beyond that of some people's means. This can be because food is short, objectively. This can be because the rich have bid the resources normally used to produce food away to other uses. You also get famine when the price of food is moderate if the incomes of large groups collapse.... In all of this, the lesson is that a properly functioning market does not seek to advance human happiness but rather to advance human wealth. What speaks in the market is money: purchasing power. If you have no money, you have no voice in the market. The market acts as if it does not know you exist and does not care whether you live or die.DeLong describes a marketplace that leaves people to die - not out of malice , but out of indifference.
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About Annalee Newitz
Annalee Newitz was American journalist, editor, and author of both fiction and nonfiction. Annalee Newitz is an American journalist, editor, and author of both fiction and nonfiction. From 1999 to 2008, Newitz wrote a syndicated weekly column called Techsploitation, and from 2000 to 2004 was the culture editor of the San Francisco Bay Guardian. Read more on Wikipedia →
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- Science — Discovery, inquiry, and the wonders of the natural world