Pages

Jump to bottom

10 comments

1 Dark_Falcon  Thu, Nov 1, 2012 2:53:29pm

I think the article makes a useful point. I don't like it, since it would be better if people were to bring in extra fuel out of altruism, but that seems unlikely to happen. So in regards to gasoline, gouging customers in a disaster area should probably be allowed to some degree.

2 lostlakehiker  Thu, Nov 1, 2012 4:30:16pm

I for one would welcome price gouging if I were trying to evacuate. I can see a number of scenarios.

(1) I have enough gas to get somewhere safe, but it's not where I really want to go. The price gouger has put the price up, so I settle for the second-rate destination which is nearer.

(2) I'm running out of gas. I'm desperate. The price gouger has gas for sale, and I buy it. Not much. Just enough to get me to somewhere safe.

(3) I have enough gas to get somewhere safe, but it's not where I really want to go. No price gouging is allowed, and the station has some left. I fill up and go on my way.

(4) I'm running out of gas. I'm desperate. No price gouging is allowed, and people like me but who got there first have already bought it out. I'm up the creek.

We are all, collectively, better off when prices signal scarcity. In a perfect world, price gouging would be allowed and indeed required, but taxes dedicated to disaster relief would scoop up 90% of the excess profits. Failing that, it's better to permit the price gouging even though the money just fattens somebody's coffers, than to forbid it and see fuel allocated frivolously on a first-come, first-serve basis.

3 Vicious Babushka  Thu, Nov 1, 2012 5:23:28pm

re: #2 lostlakehiker

You left out:

(5) I'm running out of gas. I'm desperate. The government has an emergency supply of gas which it is rationing to as many drivers as possible so that they have just enough to get somewhere safe.

When essential supplies are scarce, they have to be rationed. When price gouging is allowed, the rich will get what they want and the poor (or the newly poor who have JUST LOST EVERYTHING) will get fucked.

Emergency survival supplies are like health care.

5 calochortus  Thu, Nov 1, 2012 7:00:40pm

re: #3 Sheila Broflovski

Heavens. I saw this bright idea (price gouging is good) on Free Republic earlier today and thought it was just a lone libertarian nut. Some "expert" is actually endorsing it?

Rationing sounds like a much better plan.

6 Destro  Thu, Nov 1, 2012 7:02:20pm

re: #5 calochortus

Heavens. I saw this bright idea (price gouging is good) on Free Republic earlier today and thought it was just a lone libertarian nut. Some "expert" is actually endorsing it?

Rationing sounds like a much better plan.

They are called "capitalists".

7 Dark_Falcon  Thu, Nov 1, 2012 7:04:54pm

re: #3 Sheila Broflovski

You left out:

(5) I'm running out of gas. I'm desperate. The government has an emergency supply of gas which it is rationing to as many drivers as possible so that they have just enough to get somewhere safe.

When essential supplies are scarce, they have to be rationed. When price gouging is allowed, the rich will get what they want and the poor (or the newly poor who have JUST LOST EVERYTHING) will get fucked.

Emergency survival supplies are like health care.

Honestly, for fuel its better if the price is allowed to go up. Yes, it screws the very poor over, but the middle and upper classes are able to get when they need because suppliers have a greater incentive to provide supply. You don't have to allow prices to go through the roof, but I would suggest allowing a 50% 'crisis markup' for fuel. That would give suppliers the incentive they'll want.

It's not a good solution, but it's solution that provides the needed self-interest to get suppliers to deliver gasoline from distant locations. In many ways, that they need that incentive to act makes them assholes, but given the fact that they are assholes, offering them an incentive makes sense.

8 Destro  Thu, Nov 1, 2012 10:06:40pm

re: #7 Dark_Falcon

Honestly, for fuel its better if the price is allowed to go up. Yes, it screws the very poor over

The Republican/GOP/Conservative ideology in a nutshell. On behalf of the poor, fuck you.

9 calochortus  Fri, Nov 2, 2012 8:40:13am

re: #7 Dark_Falcon

No, that is a solution that allows you to get what you want. It is not better overall. As I understand it, one of the biggest problems is the lack of power to pump gas. Higher prices won't speed up the return of electrical services.

Additionally, people who can afford to pay more may, in fact, buy more gas than they need, just in case the price goes higher later. We recently had a spike in prices in CA because of refinery issues. People sat in line to pay $4.79 for regular because they were afraid the price would go higher still. It is now back down to around $4 and there aren't lines.

10 Aligarr  Fri, Nov 2, 2012 3:57:29pm

Oh yea , sing the praises of unethical capitalism , forget them classes on Social responsibility evry MBA were exposed to [for lack of a better word ]. Now let's get Gordon Gekko to take center stage , and encourage the masses " GREED IS GOOD " .


This page has been archived.
Comments are closed.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2016-01-01 10:29 am PST
LGF User's Guide RSS Feeds Tweet

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Donate with
PayPal
Square Cash Shop at amazon
as an LGF Associate!
Recent PagesClick to refresh
Personal: Connecting With Isolated People in the Time of Coronavirus I received a telephone call a few days ago. The man on the telephone is in his seventies and lives in Las Vegas. All of his family has passed away; he is entirely alone and isolated during the coronavirus ...
Anymouse 🌹🏡😷
6 hours, 51 minutes ago
Views: 114 • Comments: 3 • Rating: 9
Tweets: 2 • Share to Facebook
Proud Join our campaign: joebiden.com Follow Joe!Joe’s Twitter: @joebidenJoe’s Facebook: facebook.comJoe’s Instagram: instagram.com #JoeBiden #Joe2020 #BidenForPresident Former Vice President Joe Biden is running for president to restore the soul of the nation. He believes it's time to remember who we ...
Thanos
1 day, 1 hour ago
Views: 213 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Doves - Prisoners Pre-order the The Universal Want here: doves.lnk.toListen to Doves – Prisoners here: doves.lnk.to Director : BWTVProducer : Jack LightfootEditor : Daniel DaviesAdditional VFX : Kye DorricottColourist : Dan MoranCommissioner : Paul McKeeDirector's Rep : Carrie SuttonProduction Company : Blindeye ...
Thanos
1 day, 6 hours ago
Views: 225 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
New From Future Islands - for Sure (Official Video) 'For Sure' by Future Islands, out now on all platforms: futureislands.ffm.to A Film by Samuel Jerome MasonFinishing by John HarrisonRendered with GarageFarmSpecial Thanks to Anna, Jemima, Mike, Willy, Saad, Eric, Arsen Perish the painI was impoverishedThose ties that windAnd ...
Thanos
2 days, 20 hours ago
Views: 371 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
(201) Norah Jones - Flame Twin "Flame Twin" is taken from Norah's newest album 'Pick Me Up Off The Floor,' out now and available to stream/download here: norahjones.lnk.to Connect with Norah:norahjones.cominstagram.comfacebook.com@NorahJones Music video by Norah Jones performing Flame Twin. © 2020 Capitol Records, LLC vevo.ly ...
Thanos
2 days, 20 hours ago
Views: 394 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
WOLF at the DOOR (MAYBE YOU) — DAS BLOKPRODUCED BY DAVID KAHNERECORDED AT THE AUTOMATT, S.F., 1981-1982 OWEN MASTERSON - VOCALS/GUITARJACK JOHNSON - GUITARS/VOCALSLARS MITCHELL - BASS/VOCALSSANDYJACK REINER - DRUMS/VOCALS
Thanos
2 days, 23 hours ago
Views: 395 • Comments: 2 • Rating: 0
Tweets: 4 • Share to Facebook
Nu Deco Ensemble & Kishi Bashi - I Am the Antichrist to You Nu Deco Ensemble and Kishi Bashi perform "I Am the Antichrist to You," live and reimagined for the orchestra at New World Center in Miami Beach, FL. NDE website: nu-deco.orgNDE Instagram: instagram.comNDE Twitter: @nudecoensembleNDE Facebook: facebook.com Kishi Bashi website: ...
Thanos
3 days, 17 hours ago
Views: 535 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
Usher - I Cry (Official Video) This video is in honor of the courage and bravery of the activists and organizations who are demanding a change to broken systems rooted in hundreds of years of racism. It includes iconic photography from the great humanitarian and ...
Thanos
3 days, 18 hours ago
Views: 421 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Dave Brubeck - Golden Brown A little tribute to Dave Greenfield (keyboardist with The Stranglers who died with Covid-19 last week) and Paul Desmond (saxophonist with the Dave Brubeck quartet - the anniversary of his death is at the end of this month). Also ...
Thanos
3 days, 18 hours ago
Views: 497 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
When the Air Becomes the EnemyIn March we barely knew how COVID-19 spread. We ran with a number of assumptions. And we got spanked. By the virus. What we humans got right or wrong is for another Page. As I write this the United States ...
Rightwingconspirator
4 days, 1 hour ago
Views: 404 • Comments: 3 • Rating: 3
Tweets: 0 • Share to Facebook