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Posted: 3/7/2020 2:13:40 PM EDT
[#1]
Ok boomer
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Posted: 3/7/2020 2:14:11 PM EDT
[#2]
Yeah, who are they to tell me I have to refuse an offer of $10 for a bottle of Isoproply Alcohol that normally sells for $2.50.
I'm not selling my stash at cost. |
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Posted: 3/7/2020 2:14:25 PM EDT
[#3]
I think we learned about supply and demand in junior high. Maybe we shoulda taught it again later.
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Posted: 3/7/2020 2:14:45 PM EDT
[#4]
Quote HistoryQuoted:
Ok boomer |
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Posted: 3/7/2020 2:14:47 PM EDT
[#5]
Quote HistoryQuoted:
Ok boomer 
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Posted: 3/7/2020 2:15:36 PM EDT
[#6]
Just because it’s capitalism doesn’t mean you’re not an asshole for price gouging.
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Posted: 3/7/2020 2:15:43 PM EDT
[#7]
Quote HistoryQuoted: Sorry your girl lost |
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Posted: 3/7/2020 2:15:57 PM EDT
[#8]
Price gouging is when prices change drastically in an attempt to capitalize on a surge in demands.
Although price gouging may be capitalism, it's the capitalism of shitty people. |
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Posted: 3/7/2020 2:16:40 PM EDT
[#9]
Quote HistoryQuoted:
Just because it’s capitalism doesn’t mean you’re not an asshole for price gouging. |
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Posted: 3/7/2020 2:16:52 PM EDT
[#10]
“Hoarding someone else’s product with hopes to price gouge during a crisis” isn’t “capitalism”.
There is a lot more to capitalism than being faster to jump in line for a product than other people. |
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Posted: 3/7/2020 2:17:23 PM EDT
[#11]
The supply and demand curve is one a brutally unforgiving realities of life, it is understandable that politicians would seek to wish it away.
Or, as Thomas Sowell so eloquently out it, “The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” |
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Posted: 3/7/2020 2:18:51 PM EDT
[#12]
Quote HistoryQuoted:
Price gouging is when prices change drastically in an attempt to capitalize on a surge in demands. Although price gouging may be capitalism, it's the capitalism of shitty people. |
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Posted: 3/7/2020 2:19:05 PM EDT
[#13]
I agree UNLESS you are the sole source of a product/service/whatever. Capitalism like anything else can be abused.
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Posted: 3/7/2020 2:20:23 PM EDT
[#14]
Quote HistoryQuoted:
Whatever you say, boomer. |
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Posted: 3/7/2020 2:20:30 PM EDT
[#15]
Quote HistoryQuoted:
Higher prices during periods of low stock is actually the moral thing to do. |
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Posted: 3/7/2020 2:20:34 PM EDT
[#16]
Quote HistoryQuoted:
Higher prices during periods of low stock is actually the moral thing to do. |
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Posted: 3/7/2020 2:20:35 PM EDT
[#17]
Quote HistoryQuoted:
A rapid surge in prices is not criminal, it’s critical. Crisis after crisis is worsened by government that wastes energies punishing suppliers that could be better spent increasing supplies. Quote HistoryQuoted:
Quoted:
Price gouging is when prices change drastically in an attempt to capitalize on a surge in demands. Although price gouging may be capitalism, it's the capitalism of shitty people. Like it or not, there are people that need them way more than a lot of the people buying them. Healthcare workers are getting shafted. |
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Posted: 3/7/2020 2:20:42 PM EDT
[#18]
Quote HistoryQuoted:
“Hoarding someone else’s product with hopes to price gouge during a crisis” isn’t “capitalism”. There is a lot more to capitalism than being faster to jump in line for a product than other people. |
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Posted: 3/7/2020 2:20:54 PM EDT
[#19]
Quote HistoryQuoted:
I agree UNLESS you are the sole source of a product/service/whatever. Capitalism like anything else can be abused. If you're the sole provider and charging too much, that opens the door for competition to open and undercut you. |
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Posted: 3/7/2020 2:21:16 PM EDT
[#20]
Rent-seeking is a thing tho
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Posted: 3/7/2020 2:22:19 PM EDT
[#21]
Quote HistoryQuoted:
It’s one thing to raise the prices of necessary items to maintain a supply, it’s another thing for someone to buy off Walmart’s supply of TP and turn around and sell them for $100 a roll. Quote HistoryQuoted:
Quoted:
Higher prices during periods of low stock is actually the moral thing to do. High prices also drive profit motives, which further increases the supply for those affected. |
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Posted: 3/7/2020 2:23:29 PM EDT
[#22]
I love these threads, but my do not deal with in EE list gets filled up quick.
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Posted: 3/7/2020 2:23:38 PM EDT
[#23]
Quote HistoryQuoted:
“Hoarding someone else’s product with hopes to price gouge during a crisis” isn’t “capitalism”. There is a lot more to capitalism than being faster to jump in line for a product than other people. |
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Posted: 3/7/2020 2:23:43 PM EDT
[#24]
Quote HistoryQuoted:
Not true. Capitalism is perfect. If you're the sole provider and charging too much, that opens the door for competition to open and undercut you. Quote HistoryQuoted:
Quoted:
I agree UNLESS you are the sole source of a product/service/whatever. Capitalism like anything else can be abused. If you're the sole provider and charging too much, that opens the door for competition to open and undercut you. Capitalism isn't perfect, it's the best system we've found so far, but it does have it's flaws at times. |
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Posted: 3/7/2020 2:23:54 PM EDT
[#25]
Quote HistoryQuoted:
Price gouging is when prices change drastically in an attempt to capitalize on a surge in demands. Although price gouging may be capitalism, it's the capitalism of shitty people. |
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Posted: 3/7/2020 2:25:36 PM EDT
[#26]
Neckbeard thread
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Posted: 3/7/2020 2:27:33 PM EDT
[#27]
Quote HistoryQuoted:
Unless you are big enough to either push them out by slashing prices, or just buy them outright. Capitalism isn't perfect, it's the best system we've found so far, but it does have it's flaws at times. Quote HistoryQuoted:
Quoted:
Quoted:
I agree UNLESS you are the sole source of a product/service/whatever. Capitalism like anything else can be abused. If you're the sole provider and charging too much, that opens the door for competition to open and undercut you. Capitalism isn't perfect, it's the best system we've found so far, but it does have it's flaws at times. Capitalism is perfect. Government getting involved in capitalism is where issues arise. Read this awesome American story about Dow: https://fee.org/articles/herbert-dow-and-predatory-pricing/ |
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Posted: 3/7/2020 2:30:14 PM EDT
[#28]
This is especially true if it’s a medicine that people need to live. It’s like printing money!
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Posted: 3/7/2020 2:30:26 PM EDT
[#29]
More truth bombs:
The efficiencies of economies of scale and vertical integration caused the price of refined petroleum to fall from over 30 cents per gallon in 1869 to 10 cents by 1874, and to 5.9 cents in 1897. During the same period Rockefeller reduced his average costs from 3 cents to 0.29 cents per gallon. |
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Posted: 3/7/2020 2:30:54 PM EDT
[#30]
Quote HistoryQuoted:
With critical supplies, like with the masks right now, the government's best course of action is to just seize available stocks and pay replacement price. Like it or not, there are people that need them way more than a lot of the people buying them. Healthcare workers are getting shafted. Quote HistoryQuoted:
Quoted:
Quoted:
Price gouging is when prices change drastically in an attempt to capitalize on a surge in demands. Although price gouging may be capitalism, it's the capitalism of shitty people. Like it or not, there are people that need them way more than a lot of the people buying them. Healthcare workers are getting shafted. ALL MEN ARE CREATED EQUAL. F anyone who thinks otherwise and that includes my property I bought and paid for. |
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Posted: 3/7/2020 2:31:29 PM EDT
[#31]
Quote HistoryQuoted: You do realize that just makes you sound even more fucking retarded right? |
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Posted: 3/7/2020 2:31:30 PM EDT
[#32]
Quote HistoryQuoted:
“Hoarding someone else’s product with hopes to price gouge during a crisis” isn’t “capitalism”.u There is a lot more to capitalism than being faster to jump in line for a product than other people. |
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Posted: 3/7/2020 2:31:40 PM EDT
[#33]
Quote HistoryQuoted:
This is especially true if it’s a medicine that people need to live. It’s like printing money! Profit motive is what drives other companies to produce a cheaper drug that is just as effective. |
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Posted: 3/7/2020 2:32:00 PM EDT
[#34]
The whole point of land planning is to cause a artificial shortage of house resulting in a good investment excitement that drives housing prices even further. It's just price gouging when it's not making you money.
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Posted: 3/7/2020 2:32:51 PM EDT
[#35]
Is there a hurricane coming?
Normally the "price gouging" tards don't show up till hurricane season. |
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Posted: 3/7/2020 2:33:22 PM EDT
[#36]
Quote HistoryQuoted:
Just because it’s capitalism doesn’t mean you’re not an asshole for price gouging. |
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Posted: 3/7/2020 2:33:30 PM EDT
[#37]
Quote HistoryQuoted:
“Hoarding someone else’s product with hopes to price gouge during a crisis” isn’t “capitalism”. There is a lot more to capitalism than being faster to jump in line for a product than other people. |
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Posted: 3/7/2020 2:33:31 PM EDT
[#38]
Quote HistoryQuoted:
Predatory pricing is a complete myth. Capitalism is perfect. Government getting involved in capitalism is where issues arise. Read this awesome American story about Dow: https://fee.org/articles/herbert-dow-and-predatory-pricing/ Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
I agree UNLESS you are the sole source of a product/service/whatever. Capitalism like anything else can be abused. If you're the sole provider and charging too much, that opens the door for competition to open and undercut you. Capitalism isn't perfect, it's the best system we've found so far, but it does have it's flaws at times. Capitalism is perfect. Government getting involved in capitalism is where issues arise. Read this awesome American story about Dow: https://fee.org/articles/herbert-dow-and-predatory-pricing/ |
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Posted: 3/7/2020 2:34:06 PM EDT
[#39]
Quote HistoryQuoted:
Just because it’s capitalism doesn’t mean you’re not an asshole for price gouging. If I sell all my stock at pre-crisis prices, then I dont have the item available for those that really need it. Also an asshole. So, if I am going to be an asshole anyway, I might as well make a profit. 
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Posted: 3/7/2020 2:34:21 PM EDT
[#40]
In this tread we learned that some people don’t really like capitalism.
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Posted: 3/7/2020 2:35:31 PM EDT
[#41]
Quote HistoryQuoted:
It worked out for him, but do you really think anyone would have been able to step up and compete against Rockefeller? He would routinely force smaller guys out of business with brute force. If you can throw enough money at a problem, it's no longer a problem. Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
Quoted:
I agree UNLESS you are the sole source of a product/service/whatever. Capitalism like anything else can be abused. If you're the sole provider and charging too much, that opens the door for competition to open and undercut you. Capitalism isn't perfect, it's the best system we've found so far, but it does have it's flaws at times. Capitalism is perfect. Government getting involved in capitalism is where issues arise. Read this awesome American story about Dow: https://fee.org/articles/herbert-dow-and-predatory-pricing/ |
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Posted: 3/7/2020 2:35:40 PM EDT
[#42]
Quote HistoryQuoted:
It worked out for him, but do you really think anyone would have been able to step up and compete against Rockefeller? He would routinely force smaller guys out of business with brute force. If you can throw enough money at a problem, it's no longer a problem. Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
Quoted:
I agree UNLESS you are the sole source of a product/service/whatever. Capitalism like anything else can be abused. If you're the sole provider and charging too much, that opens the door for competition to open and undercut you. Capitalism isn't perfect, it's the best system we've found so far, but it does have it's flaws at times. Capitalism is perfect. Government getting involved in capitalism is where issues arise. Read this awesome American story about Dow: https://fee.org/articles/herbert-dow-and-predatory-pricing/ |
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Posted: 3/7/2020 2:35:51 PM EDT
[#43]
I love how it is presented as being "ok" but it makes you an asshole.
It is not as though every time price gouging laws are put in place, supplies tend to be in shorter supply than before the laws.... Freedom, the free market, buzzword though it is, works. Certainly capitalism, as an ideology is not perfect. Man's highest purpose in life is not the acquiring of goods and wealth after all. But there is no example in history, of any nation, ever, where the people were relatively free and well off, which does not have a relatively free market and a limited government. And the countries who are best off, in history, are those where the market is freest and the government most limited, in terms of its control of its own people. "Price gouging" is good. It drives demand, gives people supplies they need, and gives profits to those risking their property/life to bring in the supplies. |
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Posted: 3/7/2020 2:36:01 PM EDT
[#44]
Capitalism works in the long haul, the only intervention it ever needs is a gentle hand on absolute necessities that are common (that is the true role of government, is to help keep a civilized society). I.e. - water supply, medicine supply, food supply - whenever shortages are threatening it is appropriate for the government to step in and help stop scalpers. Outside of that, capitalism makes everything better.
A good example is the reproduction Italian weapon market. The Winchesters and Colts of the late 1800s have enjoyed a popularity since the 1950s. If you keep an eye on these, originals keep going higher and higher with no other supply other than the guns out there. Look at an 1860 Henry - they are $30,000 and up guns now. Aldo Uberti did an awesome thing when he put reproduction Colt cap and ball revovlers and SAAs on the market. Now you can buy quality reproductions of almost every significant gun of the late 1800s (what they lack in originality is often made up by their modern metallurgy and machining techniques). The originals keep appreciating in value, new people get to enjoy the reproduction guns, manufactuers make money - it's a winner for everybody. |
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Posted: 3/7/2020 2:36:49 PM EDT
[#45]
Quote HistoryQuoted:
Meh, some random health care worker I don't know isn't anywhere near as important to me then my family or I am. If someone thinks they should be, they are wrong. No different to me then some random cop claiming he is more important then I am and only he should be able to have ''evil guns'' that should be banned to everyone else. ALL MEN ARE CREATED EQUAL. F anyone who thinks otherwise and that includes my property I bought and paid for. Quote HistoryQuoted:
Quoted:
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Price gouging is when prices change drastically in an attempt to capitalize on a surge in demands. Although price gouging may be capitalism, it's the capitalism of shitty people. Like it or not, there are people that need them way more than a lot of the people buying them. Healthcare workers are getting shafted. ALL MEN ARE CREATED EQUAL. F anyone who thinks otherwise and that includes my property I bought and paid for. Sure it's your right, but at a certain point you might have a duty to help out the country a little bit. Using that example, if I found out that there really was an ammo shortage in a land war, and our military members were at risk because of it, I would probably try to get some of my stash to them. Alone it wouldn't be much but collectively it could make a huge difference. I had the though briefly last week to scoop up the remaining stock of masks from a supplier and try to resell them, I almost instantly felt like a scumbag just thinking about it. To some people, it doesn't phase them a bit. Trying to capitalize on a crisis is kind of shitty. |
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Posted: 3/7/2020 2:37:45 PM EDT
[#46]
Quote HistoryQuoted:
Someone else's product? Quote HistoryQuoted:
Quoted:
“Hoarding someone else’s product with hopes to price gouge during a crisis” isn’t “capitalism”. There is a lot more to capitalism than being faster to jump in line for a product than other people. |
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Posted: 3/7/2020 2:38:24 PM EDT
[#47]
Quote HistoryQuoted:
It's one thing to raise the prices of necessary items to maintain a supply, it's another thing for someone to buy off Walmart's supply of TP and turn around and sell them for $100 a roll. Quote HistoryQuoted:
Quoted:
Higher prices during periods of low stock is actually the moral thing to do. |
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Posted: 3/7/2020 2:38:39 PM EDT
[#48]
GD is bipolar.
Price gouging is good when it’s medical supplies, emergency supplies, etc. BUT FUCK CHEAPER THAN DIRT FOR PRICE GOUGING ON PMAGS AFTER SANDY HOOK!!!!!! |
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Posted: 3/7/2020 2:39:07 PM EDT
[#49]
Quote HistoryQuoted:
So Rockefeller lowering the cost of oil and gasoline by 75% to the consumer was bad? Quote HistoryQuoted:
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I agree UNLESS you are the sole source of a product/service/whatever. Capitalism like anything else can be abused. If you're the sole provider and charging too much, that opens the door for competition to open and undercut you. Capitalism isn't perfect, it's the best system we've found so far, but it does have it's flaws at times. Capitalism is perfect. Government getting involved in capitalism is where issues arise. Read this awesome American story about Dow: https://fee.org/articles/herbert-dow-and-predatory-pricing/ A lot of businessmen lack a good set of morals however, which is why they do so well. |
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Posted: 3/7/2020 2:39:15 PM EDT
[#50]
Quote HistoryQuoted:
Price gouging is when prices change drastically in an attempt to capitalize on a surge in demands. The thing being sold is being sold at a price that creates the most efficient distribution given the conditions. It ensures that people buy only what they need and no more, of a scarce resources. |
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