That's an oddly hostile and ineffectual defense. Because we're not a completely free-market as it is, then we ought to give up on it completely? We are a mixed economy, true, but that's an argument for less regulation, not for more. It's ludicrous that you really think 3M is the only company that can produce this stuff.
What would cause producers to drop heavy capital (doubtful it's that significant) to make products in demand? Would a profitable model, perhaps, signal to them that it's a good product to produce?
There are companies. The MyPillow guy said he was entering the market and retooling his factories. As profits rise, there will be more. This whole process is how the market flushes it out. It's not instantaneous. Not even Trump can make this happen instantly.
It may seem distasteful to you, but that doesn't change it's effectiveness. We ultimately rely on the self-interest of 3M and other companies to produce the products we need. Why would we punish the very self-interest that serves our interest?
That's an oddly hostile and ineffectual defense. Because we're not a completely free-market as it is, then we ought to give up on it completely? We are a mixed economy, true, but that's an argument for less regulation, not for more. It's ludicrous that you really think 3M is the only company that can produce this stuff.
What would cause producers to drop heavy capital (doubtful it's that significant) to make products in demand? Would a profitable model, perhaps, signal to them that it's a good product to produce?
There are companies. The MyPillow guy said he was entering the market and retooling his factories. As profits rise, there will be more. This whole process is how the market flushes it out. It's not instantaneous. Not even Trump can make this happen instantly.
It may seem distasteful to you, but that doesn't change it's effectiveness. We ultimately rely on the self-interest of 3M and other companies to produce the products we need. Why would we punish the very self-interest that serves our interest?
https://www.youtube.com/watch?v=2kQuW9K9bt0
3M's self-interest had them selling to foreigners over filling Floridian orders.
https://www.youtube.com/watch?v=faSa3r8WIU0