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Should food prices be determined by the free market: Will leaving food prices to fluctuate according to the market cause social downward mobility?

Should food prices be determined by the free market: Will leaving food prices to fluctuate according to the market cause social downward mobility?
  • Food prices should be free market in some sense, however speculation should be regulated

    There have recently been international food crises that had nothing to do with actual food production, but rather they were due to speculation on commodity futures markets by large investment banks. Such practices should be regulated, such that the free market can ACCURATELY determine what the price of food should be based on what can be produced and what people are willing to pay; speculation distorts the market.

  • Food prices should not be determined by the free market

    Food is an essential commodity that is necessary for everyone. To take it one step further, healthy food is a human necessity. To have an essential commodity at the mercy of the free market doe not seem just. We should subsidize healthy food to keep prices low and availability to everyone.


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