Reply #61: Potatoes and Bread [View All]

[Sadena Meti]

Historical example. A blight hits the potato crop. Price on potatoes remains more or less constant, there just are fewer about. But the price of bread goes up as it is being used as a substitute for potatoes. Now, the poor can't feed themselves.

Under the Labor System of Value, the price of bread would have remained constant, and all would just have to live with a little less.


BTW, have you heard that the price of corn tortillas (the staple food) in Mexico has gone up significantly because of all the corn being exported and diverted to bio-fuel? Lovely.