The demand side of the economy is the consumer population. The consumers decide what they do and do not want to purchase, therefore driving demand.
“Infinite need” implies that infinite supply could exist, or that infinite growth is sustainable, both of which are not true. Infinite need also doesn’t exist.
I will argue that people (for example) needing clean water increases the demand for clean water. This is why companies like Nestle are profiteering off of selling bottled water, and why the CEO said that water should not be a human right.
Wait. But someone has to bottle the water, right? Or is nestle supposed to do it for free?
Furthermore they have to compete with tap water. So the value of bottled water can only be the water itself + bottle + energy used to fill bottle + interest because their “service” is not for free. There is a justified interest to make a profit from one’s efforts.
The demand side of the economy is the consumer population. The consumers decide what they do and do not want to purchase, therefore driving demand.
“Infinite need” implies that infinite supply could exist, or that infinite growth is sustainable, both of which are not true. Infinite need also doesn’t exist.
I will argue that people (for example) needing clean water increases the demand for clean water. This is why companies like Nestle are profiteering off of selling bottled water, and why the CEO said that water should not be a human right.
Wait. But someone has to bottle the water, right? Or is nestle supposed to do it for free?
Furthermore they have to compete with tap water. So the value of bottled water can only be the water itself + bottle + energy used to fill bottle + interest because their “service” is not for free. There is a justified interest to make a profit from one’s efforts.
Nestle is stealing water from the people who need it. Sources: https://www.theguardian.com/us-news/2021/apr/27/california-nestle-water-san-bernardino-forest-drought https://www.nytimes.com/2021/04/29/us/nestle-water-california.html
It’s not their water to begin with.
Also in some places (Flint, MI comes to mind), tap water in undrinkable due to neglect, since fixing it costs more money than ignoring the health of the population. Source: https://apnews.com/article/health-michigan-rick-snyder-flint-detroit-a4578736862f47b980ae61ca72129811