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Six months into tariffs, businesses have no idea how to price anything

(www.wsj.com)
462 points JumpCrisscross | 2 comments | 30 Aug 25 20:56 UTC | HN request time: 0.001s | source
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Refreeze5224 ◴[31 Aug 25 01:38 UTC] No.45079571[source]▶
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simonh ◴[31 Aug 25 04:42 UTC] No.45080429[source]▶
The fundamental question is who gets to start, control, own and grow businesses. Who makes those decisions? If it’s not private citizens, it is government functionaries. The latter has been tried many times. It can just about work, but only barely, and it has all the same problems of patronage, cronyism, monopolisation and labour abuse as capitalism but x10.
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1. speakfreely ◴[31 Aug 25 05:37 UTC] No.45080622[source]▶
Capitalism is a morally reprehensible way to distribute resources in a society, but still better than any of the alternatives.
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2. kruffalon ◴[31 Aug 25 05:53 UTC] No.45080686[source]▶
> but still better than any of the alternatives.

Is it though?

For many of our current societies I would say that we have failed to distribute the available resources. And even more so if we look at how we have failed distributing resources between societies and countries.

> Capitalism is a morally reprehensible way to distribute resources

Agreed!