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Posted on 10/13/25 at 4:27 pm to extremetigerfanatic
quote:
There aren't any people that support capitalism that don't recognize that essential needs during emergencies and war time have to be handled differently.
Respectfully disagree.
Question: Why are you owed another man’s product and labor at a price that you want to pay?
I guess you could say he has the ability, and you have the need, so that justifies it?
Posted on 10/13/25 at 4:30 pm to goatmilker
quote:
Indeed in the time following disasters here in Florida capitalism and incentives are alway used by the Gov to speed up and bring in competition in the recovery process.
Incentives are just other taxpayers subsidizing the market to act in the way it needs to work
If you choose to live on the coast (or somewhere with a decent chance of disaster) are you owed the money earned by people who live in areas of lower risk?
Posted on 10/13/25 at 4:32 pm to goatmilker
quote:
So should a a-hole jack the price of water 25x then fine. I should be able to pistol whip him take it from him and hand it out for free.
Sounds very progressive.
Posted on 10/13/25 at 4:32 pm to weagle1999
The Federal government has no problem getting gouged during disasters.
Posted on 10/13/25 at 4:34 pm to goatmilker
quote:
They exist because it’s illegal to kill that SoB.
So should a a-hole jack the price of water 25x then fine. I should be able to pistol whip him take it from him and hand it out for free.
Posted on 10/13/25 at 4:38 pm to Gaspergou202
quote:Yes, many times.
Have you ever evacuated?
How should this be handled? Gas is a great example -- in my experience, stations don't charge $50/gal. They limit purchases to 5 gallons.
But TBH I couldn't care less about the runup to disasters, as those are much more under control of consumers. E.g., your friend's wife knew N.O. landfall was a possibility. So did a bunch of folks who bought batteries. She had the opportunity to anticipate. She didn't. Others did.
Had Walmart raised prices 10-fold like the "Arab SOB" though, there would have been folks who badly needed items, but couldn't afford them. Many of those folks would have been in the groups trapped in their homes for days after Katrina. So the blade cuts both ways.
Posted on 10/13/25 at 4:42 pm to weagle1999
Where is this happening?
This post was edited on 10/13/25 at 4:43 pm
Posted on 10/13/25 at 4:53 pm to NC_Tigah
quote:
They limit purchases to 5 gallons.
They are trying to mimic what a free market would do if prices were allowed to rise
Posted on 10/13/25 at 5:04 pm to weagle1999
quote:Hoarding and gouging are polar opposites. They are trying to prevent hoarding ... and gouging.
They are trying to mimic what a free market would do if prices were allowed to rise
Posted on 10/13/25 at 5:07 pm to NC_Tigah
quote:
Hoarding and gouging are polar opposites. They are trying to prevent hoarding ... and gouging.
They are related. Not that I like the term ‘gouging’.
If lower prices don’t encourage hoarding, then why the limitation?
This post was edited on 10/13/25 at 5:09 pm
Posted on 10/13/25 at 5:08 pm to weagle1999
I think it works in gas shortages
Whoever wants to pay $300 for a full tank of gas deserves it.
Whoever wants to pay $300 for a full tank of gas deserves it.
Posted on 10/13/25 at 5:11 pm to dstone12
quote:
gas shortages
An excellent example.
How many people filling up on gas are doing so because of a ‘need’ in this context, vs. just wanting to ride around and look at stuff?
FTR, I don’t think there should be a defined reason to allow people to buy anything, just using this example rhetorically.
Posted on 10/13/25 at 5:21 pm to weagle1999
quote:Again, it's behavioral.
If lower prices don’t encourage hoarding, then why the limitation?
Behavioral tendencies in a market are not always positive. For example, in the West and Northwest, malls and drugstores are closing left and right. Why? Shrinkage!
Laws out West hold retail theft of less than $1000 is not to be pursued. As a result, shoplifting became rampant and organized. Stores finally came up with a new, politically correct, way to refer to those shoplifting loses --- ""SHRINKAGE."""
Gouging, Hoarding, and Shrinkage all share a commonality of behavioral issues.
Posted on 10/13/25 at 5:22 pm to weagle1999
quote:WTF difference does that make?
How many people filling up on gas are doing so because of a ‘need’ in this context, vs. just wanting to ride around and look at stuff?
Posted on 10/13/25 at 5:28 pm to NC_Tigah
quote:
How should this be handled?
With the “it always works” Economics 101 supply, demand, price curve.
Even American, British, and German WW2 economies required the black market to function.
Posted on 10/13/25 at 5:36 pm to NC_Tigah
quote:
WTF difference does that make?
Almost all anti ‘price gouging’ arguments are centered around the concept of ‘need’.
Posted on 10/13/25 at 5:42 pm to weagle1999
quote:So are hoarding and ""shrinkage"" arguments.
Almost all anti ‘price gouging’ arguments are centered around the concept of ‘need’.
Posted on 10/13/25 at 5:44 pm to NC_Tigah
quote:
hoarding
Agree. I don’t really like this term either tbh.
quote:
shrinkage
I’m not as well versed on this.
Posted on 10/13/25 at 5:51 pm to weagle1999
quote:"Shrinkage" is unfortunately a now common term in finance and the markets. It refers to losses d/t shoplifting, theft, or other issues.
shrinkage
----
I’m not as well versed on this.
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