It’s just because of envy. When prices spike only a few can afford them. Those who can’t afford the products then feel it is “unfair” that others can so they demand price controls. It doesn’t matter that price controls will hurt everyone, including those who couldn’t afford the initial spiked cost but would be able to afford the product as the market became flooded quite quickly, what matters is “fairness.”
It’s just because of envy. When prices spike only a few can afford them. Those who can’t afford the products then feel it is “unfair” that others can so they demand price controls. It doesn’t matter that price controls will hurt everyone, including those who couldn’t afford the initial spiked cost but would be able to afford the product as the market became flooded quite quickly, what matters is “fairness.”
That and honestly it can be a little anti-social. But at the same time it has to be recognised that the costs of running a business do genuinely go up during times of scarcity and disaster, and forbidding them to respond to that is masochistic.
That and honestly it can be a little anti-social. But at the same time it has to be recognised that the costs of running a business do genuinely go up during times of scarcity and disaster, and forbidding them to respond to that is masochistic.
(post is archived)