Look at this figure of corn yields per acre (1). Yellow is the "old age" where yields were stagnant. Red is when fertilizer began to be used. Now the huge slope change, has been in exploiting genetic hybrids. GMO allows protection of desirable hybrid traits that might be lost in breeding, introduction of traits to to other strains. Traits of interest are primarily around lessening usage of fertilizer, lessening usage of insecticides, as these are all input costs the farmer would rather not pay especially if they can get the same yield without paying. Thank you GMOs for keeping this linear change in yield even over the last 15 years! Could you believe we improved our corn yields substantially over these 15 years? Remarkable the work biologists do in the quiet of their field.

But of course, lay people just think it is a big conspiracy. They don't understand any of this. They think GMOs are copyright but that belies a lack of education of the last century of agriculture development, since that doesn't make sense as farmers have been using hybrids and ordering new seed some 70 years now in certain crops. It is the nations who have to resort to reusing seed and these inferior strains that are suffering poor yields and food insecurity. Over here, we feed far more with far less land under the plow every year. Their yields are still stagnant at historical levels. And climate change is coming for them, while we are understanding the very genetic basis of our yield improvement. They will be using seeds we engineer for them to be high yield in their changing environment to survive widespread famine in the coming decades. GMO is the greatest human invention, more important than even computers.

1. https://extension.entm.purdue.edu/newsletters/pestandcrop/wp...

If someone is stealing your only $20 out of your pocket and I stop them and you now have $20 in your pocket, I've just created conditions for commerce on the part of you taking that $20 and spending it someplace else in the market than on the thief. When you give a dollar to a rich person vs a working class person, that dollar is far more likely to be circulated back into the economy in the latter case than in the former case. The poor person spends the bulk of their paycheck on needs and a handful of wants, real hard items, not speculative assets. The rich person bids up Tesla stock and makes Elon into a billionaire off a PE of 317 now, thin air pumped into the balloon in other words with all this money tied up in overpriced TSLA stock than empowering real work in the economy.

What do you believe the role of government is? Do you believe that every resource we use in life should be priced such that a handful of individuals have the opportunity to live fat off the transaction? Inefficiencies at every level of the supply chain?

Certain states the government actually operates the liquor stores so this isn't wholly unprecedented. Government also does this sort of thing for armed forces. It is interesting how the US military with its associated progression, benefits, services, and provided housing, is sort of a gleam into what a communist united states might have looked like in another timeline. Kind of ironic when you get a pro military pro capitalist person I guess. They have more experience with de facto communism than most and seemed to have liked a lot of aspects.

I'm not sure this is such a big issue. If the research environment is poor in their home country, the VC environment is probably even worse. Also consider every foreign professor teaching in the US right now is essentially a modern Operation Paperclip victory against their homeland. And there are a lot of them. Plus the student is still contributing to American research efforts as a grad student here. It isn't all unilateral effort unilateral benefit. They are advancing their PIs grant effort. They are probably teaching and mentoring.

I know for stuff like seafood there is a saturday night 1am fish market near our harbor where significant volume is sold wholesale to restaurants and grocers (but also individuals interested in filling a chest freezer).

So I think already there are just few places to order food wholesale in a given region so those prices are probably somewhat even. Then of course you go to vons, kroger, ralphs, save4less, the local korean grocer, and see different prices for the exact same commodified product like Cosmic crisp apple or 6 pack of coca cola, there is your markup that comes from the grocer itself on top of the regional wholesale price. Grocers like to have flexibility in markup to play psychological games like rotating sales, coupons, and offer rewards programs. Seems that sort of finagling isn't tolerated at the next level of abstraction in business to business sales.

Cost disruptions might be good to put the blame on who exactly in the chain is gouging prices. At the end of the day, the eggs in the egg shortage were not more costly to produce than beforehand. And the egg farms that were culled of their hens, were probably not that much of an anchor on operations given that they probably were not consuming their usual power, water, farmhands probably all laid off, land bought and paid for probably decades ago by this point, way out in marginal farmland where property taxes are probably quite low. Certainly not enough to quadruple the price of eggs. And how interesting how Trader Joes still sold $2.99 dozen racks during this whole crisis.

Not really imo. Private market passes costs to consumers and leverages subsidy offers to achieve rat race outcomes out of competing local governments off each other. It is how you end up with the classic case of a city courting some business but offering enough tax abatement where the city isn't actually getting anything out of the business, and once the abatement expire the business just leaves for somewhere else that will cut them a better deal. City ends up hostage to the business demanding ever more favorable incentives and removal of all taxes (there's been free trade zones established in the middle of ho hum suburbs, stuff brought in there doesn't even count as imported to the US).

Vast majority of product sold when inventory is low, they just go out of stock still at MSRP right to the last sku in the inventory. Then, you wait until more are available, also at that same price.

Really, why would prices go up for the eggs in this situation if not for gouging? Sure plenty of chickens were culled. But the remaining chickens aren't costing more than they did before the cull. Whoever is producing the remaining eggs being produced is producing them for the exact same overhead they have always been producing. Feed is still probably the same. Maybe cheaper with an excess of feed on the market needing to be sold and moved out of feedlots before the next crop comes in, from the chicken culling your competitors were doing. Water is still probably the same. Power is still probably the same. Staff are still getting the same pay. Property taxes are still the same. Really, who is getting the $10 from the $12 dozen of eggs? Probably some guys smoking cigars if we are being honest.