Capitalist Economies Overproduce Food

The unprecedented pandemic, and the recession it has caused, has led to a sharp increase in food insecurity in the United States. The problem isn’t that there isn’t enough food to go around, but that more and more people are unable to afford to purchase it. Last year the United Nations World Food Program (WFP) recently released a report predicting that the number of people facing extreme hunger could soar to 270 million by the end of 2020 — effectively doubling.

What’s leading to these extreme statistics isn’t a lack of availability — it’s that many people simply can’t afford to purchase food. Like with many commodities, capitalist markets are fairly good at producing food, but they are not so efficient at distributing it equitably.

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