prices would just be very high for the scarse goods
I believe that's getting close to the description of profiteering - depending on what exactly is not available and gets expensive. This could cause poor people to rebel, which again, results in empty shelves.
In truly free market when government do not intervene shelves will always be kept at the minimum to profit from panic. It’s because demand and supply is controlled by rich and high price exclude the non rich. That’s the reason systems are crumbling in Hong Kong.
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In a true free market economy, those striking workers would either be offered more salary to work, or their other demands would be met.
Likewise, in a truly free market, supermarket shelves wouldn't be empty - prices would just be very high for the scarse goods.
I believe that's getting close to the description of profiteering - depending on what exactly is not available and gets expensive. This could cause poor people to rebel, which again, results in empty shelves.
In truly free market when government do not intervene shelves will always be kept at the minimum to profit from panic. It’s because demand and supply is controlled by rich and high price exclude the non rich. That’s the reason systems are crumbling in Hong Kong.