Quote:
Originally Posted by non sequitur
Where do you come down on price gouging? If I own a store and my town gets hit by a hurricane, what right does the government have to tell me that I can't sell toilet paper for $10 a roll and water for $20 a bottle? If I own an oil company, why does the government have the right to tell me I can't get together with the owners of all the other oil companies and agree that everyone should sell gas for $10 a gallon? Is the government acting immorally in those cases?
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My rule of thumb is that anytime the government gets involved things gets worse....
If a store chooses to raise their price due to catastrophe that is their choice. However, after a crisis would you ever go to a place that did that raised their prices like that?
In michigan after 9-11 the governor gave a whole bunch of speeches about how she was going to get all the price gougers.... Not one of them were tried (apparently its pretty hard to prove .
There was a gas station by my inlaws house that raised their gas prices to $10 a gallon. A couple weeks after 9-11 there were people protesting outside the gas station. That place soon went out of business.
I say let the market decide...
As for the oil companies getting together ... well wouldn't that just mean that the car companies would come up with more electric cars or steam cars or whatever... people would take more public transportation
I guess I could go on and on but I am going to bed...