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If you don't let people price goods at what they're worth the buyer is decided by random chance and you get shortages instead. Is there really a human right for
by niij 3y ago
If you don't let people price goods at what they're worth the buyer is decided by random chance and you get shortages instead. Is there really a human right for "the fastest buyers on eBay should get the goods"?
- Nullabillity 3y agoClearly the old unit price was already profitable, or there would have been no supply rather than insufficient supply. Rewarding this kind of greed also isn't exactly pushing society in a positive direction, longer term.
- niij 3y agoDo you see any downsides to government's setting prices? There have been a few examples of this in the 20th century.. > Rewarding this kind of greed also isn't exactly pushing society in a positive direction, longer term. Call it what you want, but they're the ones making and providing goods we all agree are necessary :) money is the tool our society uses to incentivize more of that behavior.
- Nullabillity 3y ago> Call it what you want, but they're the ones making and providing goods we all agree are necessary :) Bullshit. The owning class doesn't make anything, and the actual workers won't see a cent of that surge pricing.
- niij 3y ago> The owning class Ok lol. I see I'm not revolutionary enough.
- jmopp 3y agoGoodharts' Law applies to money too. Government action need not be as draconian as a centrally-planned economy to push incentives just enough to eliminate the worst excesses. How much is 'just enough' is, of course, up for debate. But the answer is not 0% just as it obviously isn't 100%