Capitalism is stateless, capitalism doesn't recognise borders, capitalism has no morality, capitalism is raw selfish greed, nothing more nothing less. Capitalism is also extremely inefficient, as the present pandemic is now proving, capitalism can't cope with large emergencies, its solutions always leave out large swaths of the public, who suffer because of this inefficiency and on many occasions die. Why do we tolerate this greed driven system to rule our lives? There are alternatives, just think about it.
Some truths from Not Buying Anything:
When corporate bigwigs raise the prices of things for no reason other than greed, they are doing their jobs. That is the system we live in, and no one says much about it since it increases the GDP, and makes billionaires like clouds make raindrops.
A common business adage is that a good capitalist will charge as much for a product as the consumer will bear.
However, when one of the little people feels like being enterprising and taking advantage of the "freedom of the marketplace" and "supply and demand economics", all hell breaks loose.
$400.00 dollar hand sanitizer is likely to get a small business person scathing judgements and death threats, even though customers may still be buying at that price.
Price gouging is considered unethical, and for good reasons. But only when the little people do it.
Drug companies are only one area notorious for unethical practices. Reading the following list it is obvious that price gouging is taking place, and people are paying with their lives.The cost of Bavencio, a new cancer drug approved in March, is about $156,000 a year per patient.If Handwash Guy can't get away with earning a few thousand reselling his product, how does Big Drug get away with it?
A new muscular dystrophy drug came on the market late last year for an eye-popping price of $300,000 annually.
In 2016, the FDA appproved Tecentriq, a new bladder cancer treatment that costs $12,500 a month, or $150,000 a year.
Even older drugs that have long been on the market are not immune: The cost of insulin tripled between 2002 and 2013, despite no notable changes in the formulation or manufacturing process.
The four-decade-old EpiPen, a lifesaving allergy medication, has seen a price hike of 500 percent since 2007. - AARP Bulletin
“The simple answer is because there’s nothing stopping them,” said Leigh Purvis, a health services researcher.
So what other price gouging is taking place, since in the land of extreme capitalism there is nothing, legislation or morals, to stop them?
Gas? Housing? Food? Internet access? Health care?
Everything?
And isn't capitalism itself about to price gouge all of us to the tune of several trillion dollars over the next few days?
It is obvious who the real price gougers are.
Get ready to be gouged again.
