The good news is that Communism is coming and the shortages are going to be following close behind.
But really Chris… Communism?
Yes.
Remember, when capital is allocated based on its highest marginal return, individuals… you and I… will invest where there is legitimate value, where we believe our highest risk-adjusted returns will be.
On the other hand, when capital is allocated based on some other set of metrics, such as which company is the most “socially responsible”, this is simply a thinly and poorly masked form of communism.
“The key to understanding the appeal of communism, despite the grim reality on the ground, lay in the fact that it allowed so many followers to believe that they were participants in an historic process of transformation, contributing to something much bigger than themselves, or anything that had come before.”
― Frank Dikötter, The Tragedy of Liberation: A History of the Chinese Revolution 1945-1957
