Price gouging, in my opinion, is unfair and unreasonable. For example, a hurricane to hits Pinellas County. All of the water, electricity, and housing are damaged or turned off. The only supplies that people have are ones they stocked up on. A company selling water, food, blankets, etc. comes into town. This company decides to make a gallon of water six dollars, blanket twenty dollars, and a loaf of bread eight dollars. The company feels that this is reasonable.
So along with the high prices, they give you an explanation. This explanation is that the risk of coming to such a desperate region is included in the price of the goods. This explanation, to the people, would seem like a cope out because it is. They would see their situation as a time of giving, not profiting. It is hard to see where the company is coming from when they raise the prices of all the goods they are supplying.
With this supply, they should see that they people have nothing. There houses have been waterlogged and their belongs swept out with the water. They don’t have the kind of money to buy the things they need to survive this disaster. Price gouging allows the company to profit off of desperate people that need the supplies to live. All in all, price gouging allows company to have an unfair advantage and profit off the distressed.
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I agree price gouging is selfish and bad for the good will of our humanity. In a crisis like a hurricane, people could lose everyting!From their home, vehicles, family members and other precious valuables. If someone was affected by a hurricane and had no money, would you leave them to starve and possibly die? I would certainly hope not. Price gouging is an extremely unethical way to earn money, it's cheating innocent people. Rather than over charging these poor people, why can't Americans be there for a fellow citizen when they need it most. If the consumers were involved in the same conditions, I'm sure they would change their mind about price gouging.
ReplyDeleteI agree with the comment made by Candace. Although upholding our "American Way" by them price gouging, it is still extremely wrong and should not be allowed just as the government doesnt allow monopolies on the economy.
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