9 ms·
I think he's specifically referring to the hoarders being the cause of the price increase in the first place and profiting off of their hoarding (correct me if
by chrischen 6y ago
I think he's specifically referring to the hoarders being the cause of the price increase in the first place and profiting off of their hoarding (correct me if I'm wrong).
But that's definitely not the case with most shortages of things like PPE and alcohol. Most people are calling any price increase gouging, to the point where sites like eBay have simply banned anyone from selling masks at marked up prices. However they grandfathered some pre-existing sellers.
Ironically this created a monopoly situation that has constrained supply which by definition means ebay is price gouging (since they make a percentage based fee on sales).
If they simply let new sellers "price gouge", it would flood the supply and naturally lower prices for things like masks on eBay.