Quote Originally Posted by BananaStand View Post
It's a question of risk. The private sector providing food is not as much of a risk since the government is equipped to take emergency measures in cases where the private sector fails. That's what FEMA does when there is a hurricane.
Where are these market-wide private sector failures? I only know of ones caused by government. The hurricane example is good for showing the economic theory for how the government responds more poorly than the private sector.