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>would you rather have bottled water cost $5 a bottle during Sandy or not be able to find any bottled water because "gouging" law kept it at $1? If I had the $
by corford 14y ago
>would you rather have bottled water cost $5 a bottle during Sandy or not be able to find any bottled water because "gouging" law kept it at $1?
If I had the $5 I'd rather they gouge me. On the other hand, if I had only $1 at least there's a chance I could get a bottle if the price stayed at $1.
To me, the supply and demand argument seems to ultimately boil down to a simple survival of the fittest scenario where "fittest" is determined by wealth.
Ethical me hates that (at least for essential goods like water, food, fuel). But selfish, "I've just survived a major natural disaster and need some f*ing water!" me wouldn't have a problem with gouging.
Tricky!