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Except you're requiring someone to choose to not make money today in order to maybe make more money tomorrow. If the seller thinks scarcity will rise tomorrow,
by da_chicken 8y ago
Except you're requiring someone to choose to not make money today in order to maybe make more money tomorrow. If the seller thinks scarcity will rise tomorrow, they'll just raise prices today. Capitalist markets are traditionally both selfish and short-sighted. Market limits are how black markets are created. Eventually the market demands will raise prices high enough to incentivize illegal activity. See: elephants, rhinos, whales, etc.
- stale2002 8y ago> If the seller thinks scarcity will rise tomorrow, they'll just raise prices today Yes they will. And this increase in price will cause people to use less of it, because people don't like wasting money. Nothing is being made illegal, so there are no black markets.