Quote:
Originally Posted by M.Bison
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Simply put, in US we have significantly more options when it comes to food. Smaller countries, like Somalia, arent as lucky in that respect. If someone is trying to sell expired food in the US, you just dont buy it. The country is large enough to support several sources of farm land/livestock.
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Woah. This is really not an adequate response. Expired food isn't sold in Somalia just because of a scarcity of food (otherwise it would have been bought before it expired, no?). It's sold (a) because people can get away with not labeling food as expired, since there's no government to enforce such standards, and (b) because selling expired food yields more profits for the business selling it. Market forces aren't going to stop a consumer from buying expired food and getting sick because they have no way of directly verifying that the food was expired, and no way of holding businesses accountable when they transgress these standards anyway. Also, since it's Pareto better (in terms of profits) for all of the entities selling food to sell expired food when they can get away with it, no one is going to take advantage of the market by selling non-expired food.
So far you've only given shallow theoretical reasons for why the market solves, but you haven't given any examples in the real world. Somalia is an example in the real world.