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The Lie about Expired Food

The Lie about Expired Food

The following is taken from a Vox news report:

“Maybe you know the routine. Every so often, I go through my refrigerator, check labels on the items, and throw out anything that’s a month, or a week, or maybe a few days past the date on the label. I might stop to sniff, but for my whole adult life, I’ve figured that the problem was obvious — my jam or almond milk or package of shredded Italian cheese blend had “expired” — and the fix was simple: Into the garbage it goes.

This habit is so ingrained that when I think about eating food that’s gone past its date, I get a little queasy. I’ve only had food poisoning once or twice in my life, always from restaurants, but the idea is still there in my head: past the date, food will make me sick. You’ll probably never catch me dumpster-diving.

I know, on some intellectual level, that throwing away food is probably wrong. The statistics are damning. Forty percent of food produced in America heads to the landfill or is otherwise wasted. That adds up. Every year, the average American family throws out somewhere between $1,365 and $2,275, according to a landmark 2013 study co-authored by the Harvard Food Law and Policy Clinic and the Natural Resources Defense Council. It’s a huge economic loss for food growers and retailers, who often have to ditch weirdly shaped produce or overstocked food that didn’t sell.

Environmentally it’s bad, too. The study found that 25 percent of fresh water in the US goes toward producing food that goes uneaten, and 21 percent of input to our landfills is food, which represents a per-capita increase of 50 percent since 1974. Right now, landfills are piled high with wasted food, most of which was perfectly fine to eat — and some of which still is.

On top of this, I know that in the same country that throws away so much food, about 42 million people could be living with food insecurity and hunger. Yet state-level regulations often make it difficult to donate past-date food to food banks and other services.”

Later on in the Article:

“Everything you assume about date labels is probably wrong

There are two vital facts to know about date labels on foods in the US: They’re not standardized, and they have almost nothing to do with food safety.

Date labels first started appearing in the decades following World War II, as American consumers increasingly moved away from shopping at small grocery stores and farms and toward supermarkets, with their rows of packaged and curated options. At first, manufacturers printed a date code on cans and packages for the benefit of the grocer, so they’d have a guideline for when to rotate their stock. The label was not designed for consumers. But since shoppers wanted to buy the freshest food on the shelf, savvy folks started publishing booklets that gave a guide for deciphering the codes.

All-Consuming

The acquisition of stuff looms large in the American imagination. What is life under consumerism doing to us?

Eventually, producers — seeing that shoppers actually wanted to know what those secret dates were — started including more clearly readable dates on the packages, with month, day, and year. They saw it as a marketing boon; it was a way to attract consumers and signify that your food was fresh and flavorful. Consumers loved it, and the so-called “open date” labels became common. But there was little consistency about them.

And while the federal government made some attempts beginning in the 1970s to enact legislation that would standardize what those labels mean across the country, they failed. (The exception is infant formula, for which there are strict federal guidelines.) Instead, the burden fell on state (and sometimes local) legislatures, which passed laws that varied wildly, often relying on voluntary industry standards. One state might never require labels; another may mandate that the freshness label on milk have a date of 21 days after bottling; a third may set the same date at 14 days. (In my home state of New York, there are laws about labels, but the standards don’t mention dates at all — though certainly many manufacturers still put date labels on their products, and various municipalities at times set their own guidelines.) State-to-state discrepancies can be costly for manufacturers, who had to come up with ways to produce multiple labels for multiple regions. But it’s also baffling to consumers.

The labels are inconsistent, too. What the label actually indicates varies from producer to producer. So you might have a “best by” label on one product, a “sell by” label on another, and a “best if used before” label on a third. Those have different meanings, but the average consumer may not immediately realize that, or even notice there’s a difference.”

The bottom line is that trusting your senses (especially smell) is the best way to determine if food is still safe to eat. For the complete article check it out at: https://www.vox.com/22559293/food-waste-expiration-label-best-before

Participative Capitalism

Participative Capitalism

I favor both the capitalistic system and free global markets. Capitalism works best in free markets. If one country is more productive than others in a particular industry or product line, then they deserve to gain a large market share. In the long term, productivity and quality will determine the market position.

Cheap labor tends to place some countries in a short-term advantage. In many instances, a lack of capital tends to level the playing field. Projecting longer emerging economies will find wages rising as well as the availability of capital. I repeat, eventually productivity and quality will determine market position. Countries with smaller populations will be forced to focus their efforts on a limited number of industries to remain competitive.

Protectionism is not in any countries best interest. Any country that chooses to protect its domestic market will find that other countries will have no choice but to retaliate. Protectionist countries will lose out in the long run and hamper the standard of living for their citizens.

In my opinion, the key to how well the Capitalistic system works is determined by the ratio of population that participates in that system.

One measure of capital participation is the stock market.

Recent studies report that the top 1% of the wealthiest in our country own over 50% of stocks and the top 10% of the wealthiest own 89%. Of the remaining 11% a majority are owned by institutional investors, pension funds and other groups. What that means is that 90% of the population has a minuscule representation.https://share.smartnews.com/HdZHt

Capitalism and Adam Smith

Adam Smith is considered by many to be the father of Capitalism. His “The Wealth of Nations,” is a seminal book that represents the birth of free-market economics, but it’s not without faults. It lacks proper explanations for pricing, or a theory of value and Smith failed to see the importance of the entrepreneur in breaking up inefficiencies and creating new markets.

The basic definition of Capitalism is: “an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.”

History of Free Market Capitalism

Capitalism came about following feudalism, which took place during medieval Europe. Feudalism was a European system where military service is traded for land. This was the primary economic system in Europe in the 16th and 17th centuries.

Then came about the Dutch East India Company, which was founded in 1602. This was the first public company and marked a shift toward capitalism. The major economists that developed theories surrounding capitalism include Adam Smith and Karl Marx.

Adam Smith theorizes that capitalism is part of natural human behavior that is aligned in trade and commerce. Marxism says that capitalism is an unusual system that could be replaced with a superior system. Marx believes that capitalism is essentially powerful people taking control.

Is Free Market the Same as Capitalism?

A capitalist system and a free market system are both economic environments that are based on the law of supply and demand.

They both are involved in determining the price and production of goods and services. On one hand, capitalism is focused on the creation of wealth and ownership of capital and factors of production, whereas a free market system is focused on the exchange of wealth, or goods and services.

Some key features of capitalism include the competition between companies and owners, private ownership and motivation to generate a profit. In a capitalistic society, the production and pricing of goods and services are determined by the free market, or supply and demand, however, some government regulation may occur. On the other hand, a private owner in a capitalist system can have a monopoly on the market and prevent free competition.

A free-market system is an economic system based solely on demand and supply, and there is little or no government regulation. In a free market system, a buyer and a seller transact freely and only when they voluntarily agree on the price of a good or service.

For example, suppose a seller wants to sell a toy for $5, and a buyer wants to buy that toy for $3. A transaction will occur when the buyer and the seller agree on a price. Because a free-market system is based solely on supply and demand, it leads to free competition in the economy, without any intervention from outside forces.

The problem, as I see it, is the polarization that occurs between the proponents of Capitalism and Socialism. What is see are advantages and disadvantages of both economic systems. Communism has failed since it devolves into authoritarianism and creates the abuse of by the elite which is rails against. Some Socialist leaning countries have successfully provided and excellent standard of living for their citizens. Capitalism has served our country well in many regards, despite the recent decline in purchasing power by our middle class.

My preference is what I have termed “Participative Capitalism” where the vast majority of our citizens participate and benefit from the system. For more detail on this concept please refer you to my Book: