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You can't call it free market capitalism when you're literally restricting who can and can not import rice and then getting upset at yourself for the self-inflicted starvation. This isn't capitalism, it's the very definition of Protectionism, and yes: closed-matket protectionists are failing everywhere, from Brexiteers to MAGA morons, to closed-market rice farmers.
This isn't to say that unfettered Capitalism is the answer, or that all protectionist policies are bad. Any policy taken to the extreme is guilty of the real sin: not learning from the strengths and weaknesses of the systems they rail against and using them to build a more robust and functional middle ground.
Capitalism ≠ Free Market
Capitalism, by definition, is the pursuit and hoarding of wealth at all costs. This is ideologically opposed to the concept of a free market, because it will inevitably lead to captured markets and trusts.
While I agree that this particular scenario is unrelated to Capitalism as it is a matter of national protectionism, I’m simply taking umbrage with using “free market” and “capitalism” in a sentence together. Capitalism will always ultimately kill a free market.
I guess you are right. It is the local farmers who wants to profit from shortage.
I'm still flabbergasted by everyone still trying to hold onto a economic system designed by elites. Yall would be the 1760s worker arguing for just a few tweeks to a system not ment for the vast majority of people. Or you're just part of the in group that benefits you more than others. Capitalism has reached its logical conclusion just like every form that came before. The sooner we accept and realize it the better.
I'm sorry he put the words "free market" into your mouth when there was none of that in your post. FWIW, Japan would be worse off if cheap rice flooded the market and eradicated domestic rice production.
Free market just means little fish can't compete. And eventually one company will own everything. Then they'll come back with, trade deals and regulations. But then they don't realize that's compromise for a system not ment for them ! I don't have all the answers on what a new non capitalist system would look like, but it doesn't automatically mean socialism/communism.