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California farmers to destroy 420,000 peach trees after Del Monte collapses
(www.independent.co.uk)
this post was submitted on 09 May 2026
296 points (98.7% liked)
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Ah yes. What a wonderfully efficient system capitalism is. So very good at utilizing resources.
Free markets are a lot more efficient than trying to run the whole economy from the top down. We just need to tax accumulated wealth.
There are other systems than unhinged capitalism and top down communism.
Like?
Capitalism and free markets are not the same thing, nor is either particularly necessary to the other.
Or exclusive.
Free markets are absolutely necessary for capitalism.
Yes. Buuut what type of capitalism are we talkin’ bout?
The comment I was replying to seemed to assume capitalism had something to do with resource allocation.
All these tankies down voting you as if the entire world wasn't running on this principle and as if something better existed. Free markets with oversight are simply unbeatable - fact.
It actually is VERY good at utilizing resources.
Preserving them for the future, not so much.
Not quite. Factories will stay closed, houses empty.