3 ms·
you've just described capitalism
by bognition 10y ago
you've just described capitalism
- pmorici 10y agoOr price gouging. In capitalism if the price rises too high sellers should be motivated to bring more supply to the market.
- alasdair_ 10y agoAssuming the seller lacks a monopoly, that is exactly what happens.
- ubernostrum 10y agoAlso, most people don't really understand how airlines price their tickets, and so assume some sort of "we're watching and will raise the price on you" scheme when there are more mundane explanations available.
- liotier 10y agoIt is called "yield management" : https://en.wikipedia.org/wiki/Yield_management https://en.wikipedia.org/wiki/Yield_management - it is a commercial technique which is not specifically capitalist.