canceled.2021.1
#AMERICAISDEAD
If I were, I wouldn't do it here. Why can gas companies hike prices on fuel that's been already refined and in tanks?
Because they are charging you futures on what it costs to replace it
If I were, I wouldn't do it here. Why can gas companies hike prices on fuel that's been already refined and in tanks?
I am amused that you stupidly think you understand economics.![]()
Funny you don't ask liberals the same question as if they aren't capitalist. That's not deflection at all.
Uber and surge pricing is the discussion. Yes the market responds to scarcity and demand and prices accordingly. That's how the (free) market works
Is this your best response? I haven't seen you weigh in on the price gouging.Are you just re asking the OP?
Unlike price gouging, you've just described free market checks/balances. Incompetence rarely survives in a true free market. (trump notwithstanding). Of course, our weighted toward the wealthy system allows the trumps to continue to stumble and bumble along.For Capitalism to Survive, the Race Must Go to the Fastest, Not the Fatherest
Everything rational has its limits. The real self-destruction of Capitalism is in allowing hereditary power. That puts inferior people in superior positions. Not only is Boss, Jr., unfit to take over as owner, all upper management defectives come from the hereditary classes. Familyism is more primitive than tribalism and leads to society being overrun by primitives, as happened before in the Dark Ages. That's why aristocratic academia preaches that there were no Dark Ages.
This subject is suppressed. But even the Cubs' long drought was caused when Wrigley, Jr. (PK) took over ownership soon after the 1945 league championship season. Iacocca, a more or less self-made man, was fired because of the third Ford's jealousy. On and on and on until everything collapses. They'll be the last to feel it, but it won't happen at all if we make them the first.
HeirHeads get in our way, so we must run them over, abolishing their unearned privileges. If we must do it on our own, so must they.
Is this your best response? I haven't seen you weigh in on the price gouging.
Appears I have a better handle on it than yourself, least I understand the basic concept taught in high school
And still ain't seeing any conservative addressing the Martin Shkreli question
You haven't?
Hey Legion if you wanted to talk about Martin why didn't you start a thread about him? Why the bait and switch?
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.
Wrong again, Mrs Marx.
NO country should ever be saddled with the left's brand of "well fettered" capitalism. It's hell on earth for everyone involved. Except, of course, for you stupid masochists.
Narcissus ShruggedI would answer that, but that's a really stupid comparison,
NEXT
Not true, your the one stumped by elastic/inelastic, and the Shkreli question dates back to page two
"What's Best for the 1% Is Best for All You Worthless Little People, Too"
One-sided again. The petrocrats have a responsibility to have extra gasoline ready so there is no shortage. It is their patriotic duty even to ship it if the roads are flooded. Or else they and their sons will have to learn the hard way what happens eventually to the selfish and conceited.
Narcissus Shrugged
Turns out to be not so stupid after all, what with all the Aynal Randies here actually trying to justify price-gouging.
Your uber response doesn't qualify, and your general comment about the free market skirts the question. Unless you want to back off of your claim that we don't have unfettered capitalismi answered earlier in the thread
It 'controlled' it pretty well when Saudi Arabia opened up the valves and flooded our market with oil a few years ago.OPEC doesn't control our oil market and hasn't for many years. Where have you been since any number of oil producing countries are not OPEC members.
Charging beyond what is reasonable is considered exploiting. It is not considered adjusting the price to match supply and demand.
Big difference, but nice try.
You are wrong. Did you see the empty shelves at stores? People were boarding. Nothing wrong with that. But price is a way to mitigate that while supply comes in to backfill.
For example.
Let's say you and I are competing for the same case of water and it is the last one and the owner has a $5.99 price tag on it. I have six cases sitting at home and it never hurts to have more so I might just take it leaving you with none. Now if the price of said case is $50 then my decision would probably be "I have plenty I ain't spending $50". If you had none you would spend it.
The only people who complain about gouging are the people who don't properly prepare for the unknown.
I distinctly recall GayRod making fun of people who he derisively called "preppers". Now he is rationing his electricity. Why? Because even though he has a generator he doesn't have the fuel to run it. Now his wife and children have to suffer for his lack of planning. I feel sorry for them because they have such a loser for a husband and father