The law of supply and demand is not real. When wealthy money addicts rip you off they pretend its a force of nature ripping you off. Behind every money transaction there is a human being with an address who made a choice.
There’s also a thing called price gouging where companies fuck over the public because they know they can. And then they keep the prices artificially high even after supply increases two, three, four fold over demand. Because they know they can.
Not that I am suggesting corporations are corrupt and would let people starve just to make a profit. Heaven forfend.
To be clear, price gouging is an example of supply and demand
Keeping prices high is an example of price fixing, not supply and demand. It requires companies colluding with each other because, otherwise, one company would just lower their prices to get more business and make more money
Raising your prices by a reasonable amount to meet extra costs is supply and demand.
Raising your prices by three, four, five or six times a reasonable amount is gouging and is not supply and demand. It’s gouging and fucking over your customers, especially those who need your products.
The law of supply and demand is not real. When wealthy money addicts rip you off they pretend its a force of nature ripping you off. Behind every money transaction there is a human being with an address who made a choice.
the law of supply and demand is only true in true capitalism. True capitalism doesn’t exist because it doesn’t work.
Lol, okay bud. If that’s the case you should start a business selling eggs for $100 each.
Mike? Mike Nelson? Is that you?
“Eggs are complicated, they should cost like $100 each!”
https://www.youtube.com/watch?v=1G0stojwYjI
Um, so you don’t think that when a commodity becomes more scarce that the demand for it increases as a consequence?
There’s also a thing called price gouging where companies fuck over the public because they know they can. And then they keep the prices artificially high even after supply increases two, three, four fold over demand. Because they know they can.
Not that I am suggesting corporations are corrupt and would let people starve just to make a profit. Heaven forfend.
To be clear, price gouging is an example of supply and demand
Keeping prices high is an example of price fixing, not supply and demand. It requires companies colluding with each other because, otherwise, one company would just lower their prices to get more business and make more money
Raising your prices by a reasonable amount to meet extra costs is supply and demand.
Raising your prices by three, four, five or six times a reasonable amount is gouging and is not supply and demand. It’s gouging and fucking over your customers, especially those who need your products.
Scarecety-induced demand is not law of supply and demand
Er, please explain your logic.