Re:Amazon sellers marking products as collectible to get aro...
by WalterBright on Friday May 29, 2020 @04:02PM
(#23354817)
> a form of rationing based on ability to pay
That is not rationing.
Re:Amazon sellers marking products as collectible to get aro...
by rileymat2 on Friday May 29, 2020 @05:15PM
(#23355648)
There is a pedantic argument to be made about the exact definition of rationing, but "rationing based on the ability to pay" as a phrase is a very common description or turn of phrase, Google confirms this.
Re:Amazon sellers marking products as collectible to get aro...
by WalterBright on Friday May 29, 2020 @05:33PM
(#23355805)
That isn't how the word is defined. Google the definition of rationing :-)
People misuse language all the time, such as using "literally" for emphasis rather than description, but when talking economics one should stick with what the economic terms actually mean.
For a more relevant example, "free markets" do not mean you can pickup things at the market at no cost.
Re:Amazon sellers marking products as collectible to get aro...
by vageli on Friday May 29, 2020 @05:55PM
(#23356008)
> That isn't how the word is defined. Google the definition of rationing :-)
I did as you suggested and got this:
> allow someone to have only (a fixed amount of a certain commodity).
So the definition does not specify the function by which resources are distributed. The "fixed amount" can be a schedule based on income and not violate the definition.
Re:Amazon sellers marking products as collectible to get aro...
by WalterBright on Friday May 29, 2020 @06:49PM
(#23356513)
Um, a free market does not "allow" someone to have only a "fixed" amount. Trying to torture the definitions of words to make this work to save a rhetorical point is not going to work with me.
The other reason for high prices beyond inducing more sellers is to be a form of rationing based on ability to pay. And in a crisis with necessities people do not like this method emotionally and prefer a more democratic method.