"price gouging" - when businesses raise prices a lot on products during times of unusually high demand, like in emergencies, is:
- strongly good15.1%
- slightly good22.2%
- slightly bad24.1%
- strongly bad38.7%
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depends on the goods, gouging on necessities is atrocious, non-necessities must be expected and largely allowed
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"Good" & "bad" seem like inappropriate and vague descriptors for this situation, idk 🤷♂️
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Price gouging prevents hoarding by folks who don’t really need - or at least don’t need a lot - of such products, paving the way for better resourced organizations to acquire them and ensure they end up in the right hands.
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I think the term “emergency” here suggests profiteering more strongly than price gouging
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It's also very product dependent. Bicycles v. Gas v. Baby formula
I could argue raising prices on bikes in this situation as good. For gas, there would be downside. For baby formula, that would just be criminal.
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emergencies? strongly morally bad if they can limit orders per customer. to be able to provide in such a situation is crucial to any well-functioning society
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If you get upset at $100 bread in a time of crisis when you might starve, what you are telling me is that you don't think your life is worth $100.
Who is the greedy one?
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