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A comment on Record-Breaking Egg Profits Prompt Accusation of Price Gouging. Parent comment

Re:Record-Breaking Egg Profits Prompt Accusation of Price Go... by olalonde on Wednesday February 22, 2023 @03:24PM (#34902093)
Yep, price gouging is just regular market-based pricing but when it occurs during an emergency. Why some people think it mysteriously stops being a good system during times of emergencies is beyond me.
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Re:Record-Breaking Egg Profits Prompt Accusation of Price Go... by ricardobeat on Wednesday February 22, 2023 @08:49PM (#34905730)
>Why some people think it mysteriously stops being a good system during times of emergencies is beyond me.

It's pretty simple: this 'self-regulation' is most harmful to the people who are most vulnerable during emergencies. The rich always have a lot more options to deal with scarcity.

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Re:Record-Breaking Egg Profits Prompt Accusation of Price Go... by olalonde on Wednesday February 22, 2023 @09:12PM (#34905846)
But if that's true, isn't it also true in times of non emergencies? This just seems like an argument against market pricing in general.
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Re:Record-Breaking Egg Profits Prompt Accusation of Price Go... by slg on Wednesday February 22, 2023 @11:36PM (#34906816)
That is the dirty little secret of price gouging laws. It is just the system acting as normal so labeling that behavior as immoral is basically an indictment of the entire economic system.
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