Price gouging profiteering in vital commodities (and the inherent trust that brings it, even if unstated) is tyrannical.
Whether it's gasoline or utilities or milk, or whatever the vital commodity may be, the government is just to step in, when actual oppression exists. Same with excessive profiteering in health care, BTW, in case you'd like to smoke that in your pipe. ;-`
Adam Smith just phoned me from heaven and he says he agrees. ;-`
Price gauging hit around here about two days ago ... price at the pumps in East Tennessee went up $.50 per gallon overnight ... and we’re not in the hurricane path. The retailers don’t wait for the suppliers in LA to run low and increase prices, they just escalate as soon as they see even a slime reason to jack the price. I’ll stay home and eat cat food before I’ll buy their damn inflated fuel. A week from now, when the supply has not been disrupted significantly, the prices will slowly come back to the $3.49 per gallon where they were. But the reduction will be painfully slow. SAM’S club is the only one which makes immediate changes to pre-panic pricing. And the SAM’S Club here is still at the rational price so they are about to be bought out by the end of this afternoon!
“Government is there to keep powerful interests from being tyrannical. “
Then you say:
“Price gouging profiteering in vital commodities (and the inherent trust that brings it, even if unstated) is tyrannical.”
Where on earth do you get that definition of government or that idea on “price gouging”? How can you have tyrannical control of commodities, unless you are a government?
Your words make no sense. Are you sure you're not on the wrong web forum?