View Poll Results: Is price gouging OK?

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  • No

    14 87.50%
  • Yes

    2 12.50%
  • unsure

    0 0%
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Thread: Is price gouging OK?

  1. #21
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    Quote Originally Posted by Sparta View Post
    Why is it ok for business to employ job eliminating technology then open a dollar store every 1/4 mile to get to the bottom of everyone's pocket but I can't sell my last pack of gum for $10?
    If someone wants to buy your last pack of gum for $10, you should be able to sell your last pack of gum for $10.

    And if a business wants to buy some technology that diminishes its need to buy other people's labor, it can do that too.

    Neither is some intolerable notion.

  2. #22
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    Quote Originally Posted by Blues63 View Post
    An unregulated market has enabled the price gouging in the cited case.
    But how? If the market is unregulated, how could the seller be able to get away with gouging? It would be too easy (and profitable) for someone else to undercut such that the gouged price couldn't be maintained.

  3. #23
    ~Standing My Ground~ Sassy's Avatar
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    Quote Originally Posted by Neomalthusian View Post
    If someone wants to buy your last pack of gum for $10, you should be able to sell your last pack of gum for $10.

    And if a business wants to buy some technology that diminishes its need to buy other people's labor, it can do that too.

    Neither is some intolerable notion.
    Yeah what if I run a little store and I can't get more supplies and I need to maximize profits on what little I have to sell?

  4. #24
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    Quote Originally Posted by Sassy View Post
    Yeah what if I run a little store and I can't get more supplies and I need to maximize profits on what little I have to sell?
    I am the lone "Yes" poll respondent so far, and the reason I say yes is because most people don't seem to be capable of comprehending the difference between price gouging and the underlying mechanism that enables or disables price gouging.

    In unusual circumstances (Texas being a recent one), price gouging is temporarily enabled because the market is temporarily closed off to competition and adequate supply. This condition is exceedingly temporary, and the better the state and feds are at responding competently with disaster management measures, the more temporary this condition can be. But even if they didn't, and even if there were zero regulations around price gouging, the profit motive of other sellers of these things to flood the market with a price that undecuts the gougers would be what makes the gouging go away. In either case, whether it's the government's disaster management agencies flooding the market, or it's other profit-driven sellers from surrounding areas, the gouging cannot be maintained.

    Add to that the media/social media component, and the consumer blow-back the companies are getting because people see the prices and think "you asshole", that's an added disincentive to engage in it in the first place.

    Open markets where other sellers are free to undercut, plus competent emergency management measures from government are all that we would ever need to address gouging, and neither requires formal regulations that "go after" gougers. Besides, as I've said previously, when there is an emergency going on, it is a complete non-priority and distraction to think government agencies should be chasing after private sellers of things who slap a ridiculous price tag on whatever they're selling. There are so many critically more important things they need to be concentrating on.
    Last edited by Neomalthusian; 1st September 2017 at 02:30 PM.

  5. #25
    the "good" prag pragmatic's Avatar
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    Quote Originally Posted by Neomalthusian View Post
    If someone wants to buy your last pack of gum for $10, you should be able to sell your last pack of gum for $10.

    And if a business wants to buy some technology that diminishes its need to buy other people's labor, it can do that too.

    Neither is some intolerable notion.
    Quote Originally Posted by Sassy View Post
    Yeah what if I run a little store and I can't get more supplies and I need to maximize profits on what little I have to sell?

    For the sake of discussion. Think the topic is focused more on necessities.

    Bottled water and gasoline are getting most or the current attention.

  6. #26
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    Quote Originally Posted by Neomalthusian View Post
    I am the lone "Yes" poll respondent so far, and the reason I say yes is because most people don't seem to be capable of comprehending the difference between price gouging and the underlying mechanism that enables or disables price gouging.

    In unusual circumstances (Texas being a recent one), price gouging is temporarily enabled because the market is temporarily closed off to competition and adequate supply. This condition is exceedingly temporary, and the better the state and feds are at responding competently with disaster management measures, the more temporary this condition can be. But even if they didn't, and even if there were zero regulations around price gouging, the profit motive of other sellers of these things to flood the market with a price that undecuts the gougers would be what makes the gouging go away. In either case, whether it's the government's disaster management agencies flooding the market, or it's other profit-driven sellers from surrounding areas, the gouging cannot be maintained.

    Add to that the media/social media component, and the consumer blow-back the companies are getting because people see the prices and think "you asshole", that's an added disincentive to engage in it in the first place.

    Open markets where other sellers are free to undercut, plus competent emergency management measures from government are all that we would ever need to address gouging, and neither requires formal regulations that "go after" gougers. Besides, as I've said previously, when there is an emergency going on, it is a complete non-priority and distraction to think government agencies should be chasing after private sellers of things who slap a ridiculous price tag on whatever they're selling. There are so many critically more important things they need to be concentrating on.
    I would suggest this is the wrong forum. Expect nothing but superficial emotionalism here.
    Thanks from Neomalthusian

  7. #27
    Veteran Member Devil505's Avatar
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    Quote Originally Posted by Neomalthusian View Post
    If someone wants to buy your last pack of gum for $10, you should be able to sell your last pack of gum for $10.

    And if a business wants to buy some technology that diminishes its need to buy other people's labor, it can do that too.

    Neither is some intolerable notion.
    So you're going to stick to a completely legal argument and pretend that basic human morality has no place in American business??

    Sounds very Republican to me.

  8. #28
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    Quote Originally Posted by Devil505 View Post
    So you're going to stick to a completely legal argument and pretend that basic human morality has no place in American business??
    You're not going to succeed trying to shame people out of attempting to price gouge in times of scarcity. Being upset and angry doesn't solve the problem. As I've said repeatedly, the two things that are most efficient at solving the problem are open markets allowing undercutters to offer goods and services more affordably than a gouger, and in cases like natural disasters, government emergency provision of the needed goods and services in areas where gougers would attempt to gouge. The latter of these doesn't even require dwelling on the fact that some are attempting to gouge. Provide for the needs, and you've met the emergency management objectives while causing the gouging attempt to fail all by itself. Two birds one stone, no enforcement or chasing after assholes required.

    Sounds very Republican to me.
    You and other leftists having strong anti-business emotions and communistic sentiments doesn't actually do anything to address the emergency needs of people in Texas. There is no law or policy decision that you could think up which would preclude attempted gouging in natural disaster areas. It's not even worth getting upset about, it's just a distraction from the actual disaster relief that's needed. Focus on providing the disaster relief, and the opportunity for people there to gouge disappears.
    Last edited by Neomalthusian; 1st September 2017 at 06:12 PM.
    Thanks from Sassy and Sparta

  9. #29
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    Quote Originally Posted by publius3 View Post
    I would suggest this is the wrong forum. Expect nothing but superficial emotionalism here.
    No joke. It's as though they feel like I'm depriving them of their right to feel offended about everything all the GD time.
    Thanks from Sassy and publius3

  10. #30
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    Quote Originally Posted by Neomalthusian View Post
    No joke. It's as though they feel like I'm depriving them of their right to feel offended about everything all the GD time.
    4real

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