> And if that individual doesn't get their $0.25 of water, they die.
And in reality, people usually are willing to steal for things when they are desperate for them (which markets may or may not price in thru higher prices) before they are just willing to die.
> How is that a reasonable outcome in any functioning society?
I think the issue here is that I don't think we as people can all agree as to what is reasonable, or what "functioning society" actually means, though we are much better at coming up in aggregate with states that are possible in a given society (despite how unlikely some of those states are). In this, society is comprised of a combination of more or less likely "reasonable" and "unreasonable" states.
And in reality, people usually are willing to steal for things when they are desperate for them (which markets may or may not price in thru higher prices) before they are just willing to die.
> How is that a reasonable outcome in any functioning society?
I think the issue here is that I don't think we as people can all agree as to what is reasonable, or what "functioning society" actually means, though we are much better at coming up in aggregate with states that are possible in a given society (despite how unlikely some of those states are). In this, society is comprised of a combination of more or less likely "reasonable" and "unreasonable" states.