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World Food Production

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You have decided to post the following provocative statement for discussion ''In a market economy, food flows in the direction on economic demand. Need is not taken into consideration. To illustrate, in the event that there are hungry cats and hungry children , the food will go to the cats if the owners of the cats have money and the children's parents don't ''. Post your response with references .

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Why food flows in the direction of demand, not need

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It is not difficult to prove that some pets are better off than some children. According to the 1998 UN World Development Report, the three richest people in the world own assets that exceed the combined Gross Domestic Products of the world's 48 poorest countries, and Forbes Magazine reports that 358 billionaires had a combined net worth equal to the combined income of the bottom 45 percent of the world's population. You can be sure that some of these billionaires have pets. Each day, over a billion people in the world lack basic food needs. No doubt many of these are children.

This makes sense in a market economy. Each company is working to maximize its profits, and this means selling wherever there's a market. Poor people cannot provide a market for goods. This is not to say that the cats are fed instead of the children. Even if there weren't any pets, extra food would not go to the children. ...

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