tankies:

tankies:

This dumbass libertarian doesn’t know what price gouging is or how economics work so let me explain:

Price gouging occurs when there is a large demand for a product, say water and food in the case of hurricanes, and the business selling this product increases the price because with (in this case) a natural disaster limiting access to goods there’s an opportunity to make a huge profit. Price gouging is not just The Invisible Hand, it’s a result of the profit motive under capitalism. Another time price gouging commonly occurs is when a company has a monopoly on a drug, which is why you see pharmaceuticals up the price of drugs by something ridiculous like 400%.

So, remember this for when delusional fucks excuse price gouging by saying “it’s just how the market works”.

Also, in light of current events, if you notice a business price gouging during the hurricane report it!! Here is an article on how: https://www.newsobserver.com/news/politics-government/article218258000.html

How to report price gouging if you see expensive gas, supplies during hurricane