THe economists' argument against the idea of "price gouging" is that if monopolistic (oligopolistic) industries can administer their prices upwards --- why haven't they ALREADY done that? WHy "wait" for a little bit of inflation (or a natural disaster)? I think one can counter this argument by saying that PERCEPTION By the public about prices might have something to do with it ---- when there is inflation, administered price increases can be better "hidden" than in more normal periods ---
Certainly, the principle of an excess profits tax works like that --- a big jump in measured profitability might indicate "price gouging" --- and be subject to such a tax On Mon, Aug 19, 2024 at 4:05 PM hari kumar via groups.io <hari6.kumar= [email protected]> wrote: > Hi Mark. > There are plenty of things to complain about in Harris - for sure! > > But price gouging? Certainly other drivers in there re inflation. > But is it true that price gouging is not one? > In Canada or example almost all the food distributors are all owned by one > gentleman - Galen Weston. At least as far as I understand it, and this > monopoly has assisted - gouging. > Anyway, be well, H > _._,_._,_ > > -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#31718): https://groups.io/g/marxmail/message/31718 Mute This Topic: https://groups.io/mt/107980941/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/8674936/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
