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If only people understood the value of prices and profits in a functioning economy, we could avoid being in these situations.
That would require teaching it to them properly. With the progressive/lefty/collectivist/Marxist/socialist/communist/murderers in charge of education and mainstream economists being progressive/lefty/collectivist/Marxist/socialist/communist/murderers, I don’t think there is a snowball’s chance in hell that they would get the proper view of prices and profits. The idea of profits, especially, is a topic that does not go well with them. They also think prices are something to be controlled rather than decided by the consumers.
More people have to read Mises’ Socilaism, where he goes into the problems with economic calculation without market-established prices.
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