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By Ryan McMaken
The conservative activists who tell us to turn in local business owners for “price gouging,” are on the same moral plane as the Soviet anti-capitalist snitches of old.
168 sats \ 1 reply \ @siggy47 1 Oct
"Price gouging" shouldn't even be a thing. In the mid 70s oil crisis I was a delivery driver for my father's pharmacy. Rather than spend my day waiting on line or waiting for our "odd/even" ration day, we bought gas for cash from a small gas station who charged twice as much. He was happy. My dad was happy. I did the same thing as an adult during hurricane Sandy.
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This is another instance of where I would think Freedom of Association could help out as a principle.
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"Reasonable people, of course, have little problem with immigrants who come to the US and build up businesses through investment and hard work." I dont believe this is price gouging, if people are willing to buy at that price. If you dont like the price, you can drive 100 miles away and buy gasoline elsewhere for the price you like.
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Then you don't believe in the idea of price gouging (neither do I), because that's pretty much the textbook example.
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There are times I dont agree with it, but the market dictate the price. I remember there was this huge storm, lots of trees fell. Tree trimming prices increased, there was a mad scramble to get people to do the job. I dont think that is bad, the people that wanted their trees off their houses paid more.
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Exactly. It's fine to have personal judgements about how people conduct their business, but it is their business, not ours.
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Right. Thats the part l dont think people understand. They took the risk to start the business, and everyone else is just a whiny b$%#^.
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Seems like you're feeling a little spicy today.
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Not really. Society today has gotten so soft. Complain on the internet and let the mob take care of it.
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28 sats \ 2 replies \ @398ja 2 Oct
This reminds me of an argument I once had with a highly educated relative who was complaining that immigrants were being "exploited" on the job market with slave wages.
I was trying to explain to her that there's nothing fairer than a price when both parties voluntary agree, that the immigrants were getting exactly what they were worth that moment in time on the job market, and that the alternative, no job, would be far worse for them. I knew exactly, from personal experience, what I was talking about but my Harvard educated relative did not.
She was speechless, and could not understand that I confidently expressed such "horrible" views. We were not in good terms for several years after that incident.😅
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Nothing appalls authoritarians more than voluntary interactions.
The term "slave wages" is one of the stronger signals that you're talking to a moron. As if the problem with slavery is that they aren't paid enough.
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27 sats \ 0 replies \ @398ja 2 Oct
As if the problem with slavery is that they aren't paid enough.
💡
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That being said, this is a good way to put a target on your back for social media activists, especially doing this during a crisis.
To do this a little more smartly, you should keep the lower priced signs but conveniently "run out" of the lower priced options.
Not that I would advocate for such a thing, mind you. I'd probably opt to keep prices only slightly raised during a crisis period because my marginal value of social capital is probably higher than my marginal value for a dollar.
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I thought it was interesting how different stores navigated this during Covid. You can raise your prices a little on both the goods in short supply as well as everything else, if you restrict how much people can buy at once.
When you’re known to be a place that has a limited supply of things that other stores are out of, customers bring their one-stop shopping to you.
There are lots of ways for entrepreneurs to approach this.
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