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Re:Economists who defend disaster profiteers are wrong by Consultant32452 on Tuesday April 14, 2020 @11:34AM (#22867231)
If the gouger actually bought them all then you have a monopoly, which is a different problem. The gauger, instead, bought some. So did many other people. The difference is he's willing to sell his. That's the value to me he's providing. Could you retry your analysis with this corrected information?
Re:Economists who defend disaster profiteers are wrong by birdyrooster on Tuesday April 14, 2020 @12:58PM (#22868366)
No, gougers working completely independently can achieve a similar, regrettable end.
Re:Economists who defend disaster profiteers are wrong by MisterBastahrd on Tuesday April 14, 2020 @11:48AM (#22867416)
Doesn't matter if he bought all or some. If he is attempting to profit off of a disaster, he will be seeing a fine or jail time in plenty of states.
Re:Economists who defend disaster profiteers are wrong by Consultant32452 on Tuesday April 14, 2020 @02:20PM (#22869495)
I think we're talking about two different things. I'm talking about whether or not a price gouger provides the service of making some product available on the market, albeit at a higher price. I feel that fact is indisputable and I personally find that valuable. You seem focused on whether or not you consider this action of making something available to me is moral/legal. That's a different question altogether. One which I'm explicitly not commenting on.
Re:Economists who defend disaster profiteers are wrong by MisterBastahrd on Tuesday April 14, 2020 @02:49PM (#22869887)
Your position is moot. Without the emergency, there would be no incentive for the gouger to source and acquire the product. By acquiring the product, the gouger removes the product from the market for those who are following ethical guidelines, so he's not providing a service at all. You can't disentangle the moral or legal aspects of this just when it suits your whim.
Re:Economists who defend disaster profiteers are wrong by Consultant32452 on Tuesday April 14, 2020 @03:44PM (#22870556)
Your position is moot because gougers are not the only ones buying up supply they don't personally need. The gougers price the hoarders out of the market.
Re:Economists who defend disaster profiteers are wrong by Chris2048 on Tuesday April 14, 2020 @12:57PM (#22868342)
Should for-profit grave-digging be illegal too?
Re:Economists who defend disaster profiteers are wrong by MisterBastahrd on Tuesday April 14, 2020 @01:05PM (#22868464)
The fun thing about a lot of people dying is that the government will take care of the bodies for you. Try another strawman tactic, my dude. That one missed the mark.
Re:Economists who defend disaster profiteers are wrong by Chris2048 on Tuesday April 14, 2020 @06:43PM (#22872381)
A strawman is an irrelevant argument, but this one is perfectly relevant: A grave-digger makes money in the event of death, it needn't be during an epidemic, "my dude" (or whatever patronising, PA phrase you prefer)

If people shouldn't profit off disaster, why profit from any misfortune?