re: Coronavirus price gouger stuck with 18,000 bottles of sanitizers after Amazon bans him

You can be a hero now and donate it.

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Price gouging is real.

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If you're agreeing to price for a product or service you're not being gouged.

The idea behind gouging is that it goes beyond what's reasonable or fair. If you're agreeing to a price, it's not unreasonable or unfair.

Pro tip: Want to avoid higher prices? Prepare in advance.

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Price gouging is not real. It’s a necessary component of capitalism so that all who need a product can have access to it.

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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.

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Roger, you're asking people to take responsibility for themselves. How dare you! If a willing buyer agrees to a price from a willing seller, it's nobody else's business.

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Right, Econ and individual responsibility are foreign languages here.

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The thing is, he could have just sold it at a modest markup and done quite well. The greedy frick cost himself in multiple ways.
Now he has to go set up at a flea market for the next five years trying to unload all that shite.

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Exactly. Mark em up a couple two or three bucks and he makes a nice little chunk for little work.

Meh he’s an arse, but Amazon trying to take a moral high ground here by banning him when people have the option of not buying from him is completely laughable, given their daily practices and their recent stupidity with Whole Foods employees.

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rice gouging is real. This is the literal definition. What you are actually arguing is that price gouging should not be illegal and/or is a necessity in a national disaster. Those are two separate discussions/arguments. Or I’m just too dense to follow your brilliance

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Price gouging after a natural disaster is only real for things people need.

Water
Medicine
Baby Formula
Fuel
Etc.

People don't NEED hand sanitizer. You can wash your hands with soap and water. You can wear gloves in environments where soap and water aren't practical. Or you can avoid contaminated areas altogether.

For something people don't NEED, it's not gouging if a customer pays $70. The customer wanted it that bad, so he sold it for that.

What would you say if he had put it on Ebay, and it actually got bid up to $70? Would that be gouging? He lists for $10, then people who want it drove the price up to $70. Of course you wouldn't call that gouging.

If someone on Amazon actually paid $70 for it, that means it was effectively bid-up because literally nobody on Amazon was selling any for less than that.

Another element of pricegouging is locality, things you can't source somewhere else. If you needed water in Mexico Beach, sure you can get free water 50 miles away, but water on your street doesn't exist. So someone comes in selling water for $10 a gallon, you are basically a captive audience, you don't have a choice. That's an important element of gouging.

When you are shopping for shite on Amazon, it doesn't count.

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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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Just curious. Do you believe this should apply to wages as well?

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capitalism

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???