Capitalism at its worst. It is NOT ok. People in dire need need our generous helping hands not businesses trying to make a profit. Inhuman.
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People in the financial industry are repulsive. I don't subscribe to their tactics in regular business.Manipulative, deceitful, liars
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Are they the same economists who say that giving billionaires and corporations huge tax cuts is going to eventually trickle down to me?
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Because America is obsessed with capitalism until they need the government's help
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Price gouging is despicable during a storm. Those saying otherwise need to find their humanity
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I've written this reply to many related tweets already and I'll do it again: price gouging does NOT alleviate short term supply shocks!
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If you have a supply chain problem, doubling prices does not magically get things to people who need them!
End of conversation
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So the argument is if a few people die or at least suffer trying to survive this is balanced by the few who enrich themselves. Sell that!
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People who defend it either benefit from it or have not experienced it.
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It's taking advantage of the vulnerable and stores who do it need to be outed and NEVER patronized again! Disgusting!
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It's never a good thing when you take advantage of people during an emergency situation..this story has Bullshit all over it...unreal.
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One question: who benefits financially from price-gouging?? There you have your answer. Friedman is good at finding excuses for crimes.
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This wouldn't be an issue if people would prepare during a time of no disaster threat. Better to have and not need than need and not have.
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I have to admit that discouraging hoarding is a very compelling argument.
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So the one hole is that you think it sounds mean and insensitive but the economics shows that it is not.
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Price gouging is looting.
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