this post was submitted on 19 Jul 2024
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A podcast I was listening to today suggested that food is more affordable now than it was 50 yo. I don't know if that's true, but it would seem possible given all the science lowering costs for producers (additives, artificial ingredients, preservatives).
I often wonder how inexpensive produce would be if GMO crops weren't demonized. I know the USA has several varieties of GMO fruit and veg on the market, but it's availability is so scarce, and many countries still outright ban any bioengineered organism.
Costs are not the reason for higher food prices; it's demand. They charge more because you have no option. The average person has no way or ability to grow food and not much aptitude for cooking. That's a recipe for higher food prices.
Cost is a function of supply and demand. GMO crops yield more, so there would be a larger supply, thus driving down cost if demand remains the same. This is totally pedantic though because you're still right:
I took capitalist greed as a given... my bad.