Here's a question for all those supposed conservative capitalists out there,

I have no issue with supply and demand. Hurricanes are to be expected in Florida and gulf. If you fail to prepare that's on you. Nothing new about storm shutters.
 
archives said:
Liberals would approve of the price fixing, and water at a hundred dollars a case in an emergency situation is a bit different than catching a cab, Uber is elastic, there are substitutes

But it seems as if you would agree that gouging is the invisible hand at work, then does it also apply to medical services or prescripted drugs?
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To your last question. Yes

The laws of supply and demand don't magically disappear because you have the flu
 
archives said:
Now your attempting to deflect, the question remains, isn't price gouging actually the invisible hand at work, price following demand, the economy itself dictating the distribution of scarce resources?

If you are a conservative, a conservative who echoes the benefits of capitalism, you should be able to answer the question

And by the way, there is no such thing as a "free market"
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Supply and demand. First let's say, we do not live in a republic with a limited government and there are no laws that regulate raising the prices of goods and services during the state of an emergency. That's point number one concerning your false premise based upon a hypothetical.....that being there are no laws that regulate anything as if a conservative demands no government whatsoever instead of a limited government (as suggested by our founders...as they believed as all conservatives do....government is a necessary evil). Next...there is a difference between no government and limited government.

Now lets address your hypothetical and demonstrate why pure unadulterated capitalism is better than socialism...even through we live in a republic our economy is based upon something other than a totally free market...our economy is based upon crony capitalism at best...yet its still the best economy on earth. Back to capitalism.

Let's take a lesson from Stossel (an out spoken libertarian): Price gouging is a good thing....it allows everyone to know exactly what products and services are in high demand and its only a temporary thing. But the point is, gouging allows everyone to get some of the product or services that are in high demand instead of the first comers that hoard up an oversupply of any product in high demand.

Example. If water begins selling for 50 bucks a case instead of its normal 5, that's an indicator that water is in high demand. By selling at that outrageous price....this gives incentive for the supplier to stay during an emergency and restock in order to get the extra profit instead of simply selling out an moving himself out of harms way if the price is held down by government regulation.....that way only a hand full gets the much needed supply.

Its called supply and demand. And of course if the demand is up...someone will certainly provide the supply at his/her own risk. But...again, once the emergency is over the price will naturally come down because everyone will begin underselling the gouger once the supply routes open up again.

It depends upon just how you look at it. But that's the reality that everyone deals with during a state of emergency. Crying an whining never helps anything.

But...again. Your false premise is based upon a hypothetical that will not happen here in the republic that is the United States of America because our economy is regulated to hell and back and there is no free market that once existed in the US....that's why every economic downturn, every economic crash or instability is due to one thing....BIG BROTHER HAVING HIS NOSE ABOUT A FOOT UP THE PEOPLE'S ASSHOLE. A free economy based upon capitalism corrects itself as demonstrated by the stock market crash of 21.

Never hear of it? Of course you have not...why? Because Big Brother was not allowed to step in and regulate a damn thing. The market correction was almost as severe as the one that caused the GREAT DEPRESSION.....but the market corrected itself when given time....unlike the market during King Roosevelt's reign....the more he regulated the worse the economy became, it lasted for well over a decade with the 2nd WW being the only thing that brought the US out of that great depression.
 
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By raising prices you allow more people to get things. Liberals like Legion Troll think gobblement should hand out supplies "fairly"


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price gouging is the inevitable result of people refusing to logically and intelligently plan for emergencies. If you refuse to prepare your family for the necessities after a disaster, you'll pay the price. However, who gives a fuck about home depot charging $4 a bottle for water if they already have 6 cases stocked in their basement? it's why I have 5 full 5 gallon cans of gasoline in my garage, so I don't have to pay $4 a gallon after waiting in line for 2 hours.

if you don't like the price gouging, fix it by stocking up and being prepared.
 
Were drivers in FL who really needed gas able to get it? Was gasoline being rushed to the gas stations to ensure equilibrium? Were ones going down?
 
Why not tell your local authorities about the gas you have stocked in your garage. I am sure that must meet all fire regulations- right?
 
Maybe you should consider the limited life of any stock of gasoline, but surely you must have thought of that.
By the way, genius, there are laws to protect people from your kind.
 
archives said:
no one approves of price gouging at the time of an emergency, however, isn't price gouging actually the invisible hand at work, price following demand, the economy itself dictating the distribution of scarce resources?

If not, then you aren't agreeing to price controls, the Government becoming involved in the economy?
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Gas prices went up about 25% here in NC. I'm OK with that since there are no shortages in spite of the interruptions in production and pipeline distribution. Lots of tanker trucks on the road lately, guys working overtime to get it here, and I give them the right of way.
 
Right said:
Gas prices went up about 25% here in NC. I'm OK with that since there are no shortages in spite of the interruptions in production and pipeline distribution. Lots of tanker trucks on the road lately, guys working overtime to get it here, and I give them the right of way.
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Much better than having the prices remain the same.....and having the stations ration or run completely out at the pump. As always, once the emergency subsides the prices will stabilize and return to normal.
 
SmarterthanYou said:
price gouging is the inevitable result of people refusing to logically and intelligently plan for emergencies. If you refuse to prepare your family for the necessities after a disaster, you'll pay the price. However, who gives a fuck about home depot charging $4 a bottle for water if they already have 6 cases stocked in their basement? it's why I have 5 full 5 gallon cans of gasoline in my garage, so I don't have to pay $4 a gallon after waiting in line for 2 hours.

if you don't like the price gouging, fix it by stocking up and being prepared.
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This. I can go indefinitely at my mountain retreat. But in my other home, I have one month of necessities to get me through an emergency. If you don't and you live in a high risk area then you are playing with fire. But don't worry the gobblement will protect you
 
Ralph said:
Supply and demand. First let's say, we do not live in a republic with a limited government and there are no laws that regulate raising the prices of goods and services during the state of an emergency. That's point number one concerning your false premise based upon a hypothetical.....that being there are no laws that regulate anything as if a conservative demands no government whatsoever instead of a limited government (as suggested by our founders...as they believed as all conservatives do....government is a necessary evil). Next...there is a difference between no government and limited government.

Now lets address your hypothetical and demonstrate why pure unadulterated capitalism is better than socialism...even through we live in a republic our economy is based upon something other than a totally free market...our economy is based upon crony capitalism at best...yet its still the best economy on earth. Back to capitalism.

Let's take a lesson from Stossel (an out spoken libertarian): Price gouging is a good thing....it allows everyone to know exactly what products and services are in high demand and its only a temporary thing. But the point is, gouging allows everyone to get some of the product or services that are in high demand instead of the first comers that hoard up an oversupply of any product in high demand.

Example. If water begins selling for 50 bucks a case instead of its normal 5, that's an indicator that water is in high demand. By selling at that outrageous price....this gives incentive for the supplier to stay during an emergency and restock in order to get the extra profit instead of simply selling out an moving himself out of harms way if the price is held down by government regulation.....that way only a hand full gets the much needed supply.

Its called supply and demand. And of course if the demand is up...someone will certainly provide the supply at his/her own risk. But...again, once the emergency is over the price will naturally come down because everyone will begin underselling the gouger once the supply routes open up again.

It depends upon just how you look at it. But that's the reality that everyone deals with during a state of emergency. Crying an whining never helps anything.

But...again. Your false premise is based upon a hypothetical that will not happen here in the republic that is the United States of America because our economy is regulated to hell and back and there is no free market that once existed in the US....that's why every economic downturn, every economic crash or instability is due to one thing....BIG BROTHER HAVING HIS NOSE ABOUT A FOOT UP THE PEOPLE'S ASSHOLE. A free economy based upon capitalism corrects itself as demonstrated by the stock market crash of 21.

Never hear of it? Of course you have not...why? Because Big Brother was not allowed to step in and regulate a damn thing. The market correction was almost as severe as the one that caused the GREAT DEPRESSION.....but the market corrected itself when given time....unlike the market during King Roosevelt's reign....the more he regulated the worse the economy became, it lasted for well over a decade with the 2nd WW being the only thing that brought the US out of that great depression.
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Meanwhile, to begin, the question I asked isn't based upon a "hypothetical," it happened in both Florida and Texas

Our economy is a mixed economy, and has been since the 19th Century, as is most economies in the world if not all economies. Your importing the "crony capitalism" rhetoric is irrelevant

So based upon what you are saying, you can make a case for the Martin Shkrelis of the world, love to see that one

What you are completely ignoring is the fact that some supplies in an emergency as we witnessed recently are inelastic, there are no easily obtainable substitutes, which raises ethical considerations you've ignored

And lastly, forget the "big brother" nonsense, old cliches, easy rhetoric
 
cawacko said:
So do you have an actual position here legion or did you just want to complain?
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Just attempting to stimulate conversation/exchanges, is the purpose of a forum

Hey, you should be happy, you don't see me posting the "Trump is a dumb ass criminal" or the "Republicans are Nazis" do you?
 
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