• frightful_hobgoblin
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    2 months ago

    efficiency ≠ price

    you’ve glossed over a lot of economics. Like, for one thing, the EU gives about €55 billion in agricultural subsidies a year.

    • BlackLaZoR@fedia.io
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      2 months ago

      Cost of production puts a lower bound on the price. In case of competitive industries, price floats just above that limit

      • frightful_hobgoblin
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        2 months ago

        Right. And food is sold at below that lower bound, which is one reason it is affordable.