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re: Coronavirus price gouger stuck with 18,000 bottles of sanitizers after Amazon bans him
Posted on 3/14/20 at 12:23 pm to bayoubengals88
Posted on 3/14/20 at 12:23 pm to bayoubengals88
quote:
If the stores would have increased prices appropriately people like him would not exist. His venture would have been made impossible.
Price gouging is not real. It’s a necessary component of capitalism so that all who need a product can have access to it.
I understand the concept that as demand increases, the stores should have raised prices to deter overbuying and hoarding. Despite that, what the guy in the article did is shitty and he deserves criticism. I think in situations like the one currently we have to think beyond the laws of pure economics and have social values.
This post was edited on 3/14/20 at 12:24 pm
1
Posted on 3/14/20 at 12:36 pm to TypoKnig
quote:
what the guy in the article did is shitty and he deserves criticism.
We’re in agreement. I’m not championing the low life as a Captain of Industry. I’m merely criticizing retailers and US law for screwing up a system that works beautifully without interference.
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