|The Mothership - 2012-11-07 |
Oh my, masterful use of the legitimate rape tag.
|SolRo - 2012-11-07 |
Not allowing poor people to murder and pillage the rich neighborhoods is just big government removing more freedoms!
|Hooker - 2012-11-07 |
I am so sick of the half-understood ECON101 of the free market right wing, and I am especially sick of the childish threat of breaking their own toys if they can't play with them argument that keeps coming up (no incentive if profits aren't maximized / we might spend less money if we're taxed more / everything Ayn Rand ever wrote). You're all blatant liars, everyone knows it, and you're hiding behind the social contract that says people shouldn't call you liars without proof, you fucking cowards.
|Gojira1000 - 2012-11-07 |
Why are Americans (well, 49% of them) crazy like this is greater or lesser degree?
Is it the water?
An extremely well-financed and vigorous propaganda campaign.
Coupled with the Fox News tactic of forcing other media outlets to try to attain false equivalencies for the sake of "balance," like having a flat Earther appear to balance out the bias of someone who knows the Earth is round, and generally reinforcing the concept that those who know more, have experience, or are otherwise vastly more skilled are trying to "trick" you with facts.
|TheOtherCapnS - 2012-11-07 |
Aww man... I kinda was secretly hoping that this guy and ppl like him would just vanish in a puff of purple smoke like the wicked witch once Obama got reelected...
|EvilHomer - 2012-11-07 |
S o what exactly is wrong with price gauging?
I mean, this guy is a rich asshole, yes. a gallon is a dick move at any time, let alone in the wake of a hurricane. And we as consumers should certainly discourage price gauging, loudly, maybe even violently, because come on.
But this is something that should be handled directly by the masses, through reputation. Any business that jacks it's prices up to unreasonable levels should be held accountable, by the public. We don't buy from them, or, if we have to, we make sure it's the last time they get our money. The storm won't last forever, and when it's over, we hold them accountable. Businesses who treat us fairly will thrive. Businesses who treat us unfairly will die.
Yeah, I know, there's two things that might get in the way: the presence of monopolies, and consumer stupidity. Monopolies can, and should, be dealt with through antitrust legislation and "pro-competitive regulation"... except when the monopolies in question are largely the product of state regulation (and/or "too big to fail" corporate welfare) in the first place. Then some scaling back on the American Way - Keynesian corporatism- may be in order. As for consumer stupidity, well, fuck it. If the proletariate doesn't care about getting shafted, why should the lofty vanguard?
Banning price gauging isn't exactly socialism, but is it the right solution?
It's an aesthetic choice. In a disaster area where people are dying of things society was engineered to prevent, the normal human response to price gouging would be looting and homicide. The government merely offers an alternative solution. Either way is fine with me, really. Socialism also means "allowing fuckface abominations of all life as concept and manifestation" to live, if possible, in harmony with others. Socialism, in that context, fucking sucks, but hey, no price gouging!
So we can at least agree that looting works, too?
Also, I would have spellchecked all that, but my checker is charging a word because of the storm.
|urbanelf - 2012-11-07 |
If you don't like price gauging, learn to enjoy shortages.
The theory behind banning price gouging in our market-based economy is that the practice has little to do with supply and demand. Rather, price gouging occurs when a retailer exploits the fact that he has a captive consumer base that has little access to his competition.
Lets say the retailer jacked his bread price up from to during the disaster scenario. It's not as if he has five times more demand for bread, or that he has five times less bread than he had before. Rather, he's simply trying to exploit the fact that the disaster situation granted him a de facto monopoly in which his normal customers have no where else to purchase bread. Price gouging, then, is a practice that exploits the lack of a working marketplace due to the extraordinary condition of a major disaster.
|Jet Bin Fever - 2012-11-08 |
This just in, there's no incentive for oil companies to produce more oil.
|Spoonybard - 2012-11-08 |
God forbid we interrupt the market in order to provide relief to a disaster area
You know what brings needed supplies into a disaster area faster than market equilibrium reacting to the desperately high reservation prices of a displaced population? A federal disaster relief agency with helicopters and shit
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