During a disaster, business owners who price gouge people are likely to meet arsonists. That is reality.
No matter the good intentions of your market rationalizations and logic, don’t even try it during a disaster. It’s seen as piling on; dishonorable.
Businesses who get up and running fast to supply people’s needs and are businesses that gain in huge respect and loyality from customers. They are seen as local heros. Businesses price gouging people will experience the opposite effect - forever.
And, given your beliefs about the free market, I suspect you'll be voting for Obama? After all, the free market is just people dealing with people for their mutual well-being.
We wouldn't want that would we.
It's just incredible the extent to which Marxism has permeated American conservatism.
Let the price rise to meet demand and you have a much better chance of more people getting what they need instead of what they want.
Businesses price gouging people will experience the opposite effect - forever.
How do you define “price gouging”? I say it’s mine and it’s not for sale. You want it at any price, should I be forced to sell it at your price or not sell it at all if it’s not what I would take?
Businesses price gouging people will experience the opposite effect - forever.
How do you define “price gouging”? I say it’s mine and it’s not for sale. You want it at any price, should I be forced to sell it at your price or not sell it at all if it’s not what I would take?
Right. So if the cost of getting back up (cost of generator to run pumps until utilities are back up, plus premium to truck driver to navigate tree-strewn street) exceeds the expected net revenue, the incentive is to just hang up a "CLOSED" sign for the week and take some time off.