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there seems to be a lot of comments here arguing that this is okay, as long as it's caused by natural market forces rather than illegal collusion. as if the cu

there seems to be a lot of comments here arguing that this is okay, as long as it's caused by natural market forces rather than illegal collusion. as if the current law is the unquestionable pinnacle of morality. whether this is caused by market forces or not, it's bad for society, bad for americans, and bad for the overall economy to allow egg producers to collect money like this just because they decided they want to. whether or not it's legal is a question for a court. the question worthy of discussion is whether or not it's moral, or should it be legal?

notfed 4y ago
If the top egg suppliers are really colluding to charge a higher price, then maybe folks should buy from a cheaper supplier? This isn't a new idea.
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swsieber 4y ago
Should it though? If it's natural market forces then we have one of two solutions: * Raise prices to reduce demand until supply can meet demand * Randomly decide who can buy eggs because any eggs in the store at the lower price point will always be out of stock. The benefit of the first solution is that it encourages more suppliers to enter the market and correct the supply distortion... as long as it's actually market driven and not collusion driven.
- josephcsible 4y ago
  A lot of people seem to prefer your second solution because they think it's immoral for people with more money to be able to buy more things than people with less money.
msm_ 4y ago
You sound like soviet-era politicians in my eastern European country, when they painted entrepreneurs (and private profit) as the root of all evil, and centrally planned everything. It didn't go well. Don't get me wrong, I think regulating markets is a good idea and the US probably doesn't do enough of that. But I don't get how raising egg prices are bad for society - nobody has to buy them, and this are just regular laws of supply and demand at work. If that's just a regular market activity, it will sort itself out.
stonemetal12 4y ago
> collect money like this just because they decided they want to No one is forced to buy eggs. They don't get to dictate prices, they can only get what people are willing to pay. If you really don't like the price of eggs but really want them buy a couple of chickens and get them for cheap.
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notfed 4y ago

If the top egg suppliers are really colluding to charge a higher price, then maybe folks should buy from a cheaper supplier? This isn't a new idea.

deleted 4y ago
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swsieber 4y ago

Should it though? If it's natural market forces then we have one of two solutions: * Raise prices to reduce demand until supply can meet demand * Randomly decide who can buy eggs because any eggs in the store at the lower price point will always be out of stock. The benefit of the first solution is that it encourages more suppliers to enter the market and correct the supply distortion... as long as it's actually market driven and not collusion driven.

josephcsible 4y ago
A lot of people seem to prefer your second solution because they think it's immoral for people with more money to be able to buy more things than people with less money.

msm_ 4y ago

You sound like soviet-era politicians in my eastern European country, when they painted entrepreneurs (and private profit) as the root of all evil, and centrally planned everything. It didn't go well. Don't get me wrong, I think regulating markets is a good idea and the US probably doesn't do enough of that. But I don't get how raising egg prices are bad for society - nobody has to buy them, and this are just regular laws of supply and demand at work. If that's just a regular market activity, it will sort itself out.

stonemetal12 4y ago

> collect money like this just because they decided they want to No one is forced to buy eggs. They don't get to dictate prices, they can only get what people are willing to pay. If you really don't like the price of eggs but really want them buy a couple of chickens and get them for cheap.

deleted 4y ago
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