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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 1:14 pm to bayoubengals88
Posted on 3/14/20 at 1:14 pm to bayoubengals88
quote:
Price gouging is not real. It’s a necessary component of capitalism so that all who need a product can have access to it.
Price gouging isn’t real in a 100% capitalistic system, which we are not (and I don’t know of any country who is, but I could be wrong?). You can argue that you don’t think it should be illegal, or that we should have a 100% capitalist system, but under our current economy price gouging is a real thing and this is a textbook definition of it despite the fact that you are so much smarter than the rest of us.
1
Posted on 3/14/20 at 1:20 pm to Tigerfan56
quote:
and this is a textbook definition of it
It's really simple. When demand is high and supply is less, the value of a product increases.
If you sell out of a product the price is too low
Somehow the very average American has decided this time honored truth is evil.
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