It's weird that people are acting like commodities are under some sort of license when they are purchased. As far as I know they aren't. A world that tries to regulate this scares me more than one where people participate in futile hashing.
A new one, to be sure, and worth scrutinizing as we begin. But the market has demonstrated quite clearly it can't be trusted to manage finite resources.
On the other hand, market forces do explain why 40% of the American food supply is wasted [0] while 12% of American households suffer food insecurity [1].
[0] https://www.rts.com/resources/guides/food-waste-america/
[1] https://www.ers.usda.gov/topics/food-nutrition-assistance/fo...
This is a good point. The conversion of atmospheric nitrogen to ammonia is a capitalist reaction that would not occur under Regulations. Few people these days acknowledge all of the grain fields planted by Adam Smith in the early 1900s
It's like Newton's laws of motion - they work for most of things we encounter day-to-day, but break down when bodies are heavy enough, small enough, and/or fast enough.