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This is why people are against blind capitalism. Not everything is supposed to be unconditionally placed in the supply and demand curve. Price gouging is immora
by apta 7y ago
This is why people are against blind capitalism. Not everything is supposed to be unconditionally placed in the supply and demand curve. Price gouging is immoral, especially when people's lives are at stake.
- dTal 7y agoWhat do you propose to replace it? The simple fact is that at this moment in time there aren't enough masks. How would you allocate them, and how would you persuade the guy with a box of masks in his basement (he bought them months ago) to let them go for cheap now?
- apta 7y agoYou have a regulatory authority step in, and allocate the masks to people who need them (e.g. healthcare workers). Sales from individuals are banned, and said authority can buy them back from people who own them. Just like how the government buys back land or property if there is important construction that is to be built over it, a similar procedure can take place here.