/biz/ - Business & Finance

Retard

>>17803861
...

>>17803861
based.

>>17803871
>>17803888
Communists get the rope.

>>17803861
I'm not sure you're getting the bigger picture here anon, and it's called the sin of usury. You see, you people laugh at toilet paper hoarders, but you really dont have enough toilet paper yourselves. The average person uses 1 roll per day. If you have a family of 4, that's 28 rolls a week. Over 100 a month. TP rolls will be worth their weight in gold in a few months, because everyone needs it.

OP, I'm sorry your econ 101 class was interrupted by school being closed, but you could have just googled "demand curve monopoly" if you wanted to know more instead of shitposting here.

The individual actors snapping up all of the available goods in the area aren't Costco and Wal-Mart. The real distributors aren't profiting from this, this is just a bastard artifact of capitalism that real capitalists should recognize as counterproductive, kind of like monopolies. Don't defend it.

This isn't Wal-Mart gradually raising their prices during a time of heightened demand, it's individual opportunists being cancerous on their community.

>those in need are willing to spend more than those who are not,
Only assuming everyone has the same amount of buying power. Are you a Communist or something?

>>17803861
OP is a retard.
Short term elasticities of demand and supply are not the same as in the long term.
Panics create an increase in demand that is simultaneously highly inelastic. Meanwhile supply takes weeks at a mininum to adjust to the new demand, meaning the supply is also highly inelastic. Furthermore, panics are always temporary so no factory owner is going to make capital investments for long term production increases.

Commies are dumb, but OP is dumber.

>>17803940
>The average person uses 1 roll per day.

>>17803940
>The average person uses 1 roll per day.
Uhhh

>>17803981
>Say if there are anti price gouging laws people will hoard goods
>people hoard goods

Seriously, how fucking stupid are you?

>>17803861
>Amazon entered the chat

>>17804011
For any brainlets that can't follow this.

Under normal circumstances, markets adjust quantity supplied/demanded until an equilibrium price is reached.

Under emergency circumstances, suppliers and consumers are not able or willing to adjust quantity supplied/demanded so there is no equilibrium price to reach.

>>17803981
Except the reaaon those individual actors are able to buy up piles of toilet paper and the reason Wal-Mart isn't able to raise their prices and profit off this is because the anti-gouging laws OP was describing exist. The problem and behaviors we see playing out before us are exactly because of those gouging laws. OP wasn't saying it would be bad if anti-gouging laws were implimented, he was saying anti-gouging laws exist, hence things are bad.

>>17804064

>>17804066
You have no idea what the fuck you're talking about. The only reason businesses do not respond quickly to disaster IS BECAUSE ANTI PRICE GOUGING LAWS EXIST. READ MY POST YOU RETARD

>>17804039
>>17804067

I missed that point

>>17803871

Nottu an argumentu mao-san

>>17803861

Good explanation. Thanks OP.

>>17804106
Our capitalism doesn't work because there are socialist laws. Communism was tried to the tee and still massively failed

>>17803861
>so high prices allow truly needy people to acquire goods, while the less needy are dissuaded
stopped reading exactly here.

>>17804178
Anon, I want you to stop and think.
Anti Price gouging laws exist right now.
What's happening?
Retards are hoarding toilet paper and water, despite not needing it at all.
Now re-read my post
Stop being stupid

>>17804178

Judging by how your formulate your arguments I'd say you stopped reading at the age of 4

>>17804194
I don't need to formulate an argument because you haven't responded to >>17804010
Yet

>>17803861
imagine shilling common sense on biz. do you even know where you are?

>>17803940
Designated towel, shower and soap. That worked for centuries before toilet paper.

>>17804085
Look at this brainlet. You've obviously never run any substantial business and have no education of value.

Imagine you operate a toilet paper factory. Normally you have consistent demand that slowly adjusts over long periods of time (years) based on the quality of your product, competition, regulatory changes, and many other factors. Since demand is consistent, you can plan over multi year periods by training employees, buying equipment, and adjusting the amount of floorspace. All of these purchases take months to years to get up to speed.

Now one day there's a panic - people suddenly want to buy 10x as much toilet paper. You increase production as much as you can, but since you're an efficient manager and demand is normally very consistent you've been running at 95% capacity and can't expand much.

Your idiot assistant (OP) says "Demand is higher! Let's expand our factory!" You respond, "This panic will blow over in a couple months max. If we buy a bunch of new equipment and train new employees, we'll have to sell the equipment at a loss and layoff the employees at great expense." Your assistant, a complete idiot, says "But supply and demand dictate you HAVE to expand!" Sighing, you internally decide that you have to lay off this imbecile as quickly as possible and find someone with a bigger brain. Too bad the labor market is so tight right now and you can't afford a more intelligent assistant.

>>17804211

>those in need are willing to spend more than those who are not,
>>Only assuming everyone has the same amount of buying power.

Yeah, total nonsense. Not an argument. Almost nobody has exactly the same amount of buying power but I'm pretty sure people with diabetes would happily buy insulin at a 100x markup instead of having none at all.

>>17803861
Capitalists are evil after all, you're right, truly an ideology for selfish & evil "people"

>>17804486

It is from that self-interest that the best outcomes emerge because success is rewarding. When trying to play God through a central authority, the millions of micro-decisions are smoothed over leading to massive inefficiencies and collapse every time. Each individual must decide for itself what the best choice is. That way some will fail and some will succeed but the group will over time always follow success. Centralized power leads to single mistakes collapsing entire civilizations. It cannot work.

>>17804369
You're making one simple mistake.
The rate of consumption of these goods does not actually increase in a crisis. People are just willing to pay more for it on the margin. Price gouging allows the good to be more effectively given to people who have higher need for the good, because people who have lesser need for the good are scared off by the prices.
And the only people who have less need for toilet paper are people who already have toilet paper.

In fact, one could argue that the entire scarcity of these goods was created by the initial wave of people who overbought due to misreading market signals caused by the price of toilet paper NOT increasing.

>>17804369
That's not correct.

Yes, to meet demand a toilet paper manufacturer would increase supply. However; in this situation OP is only talking about raising prices not increasing supply. Due to supply & demand not being at equilibrium, the opportunity to increase price arises.

>>17803861
Based. Fuck all these whiners. High-priced goods are better than no goods at all.

>>17803861
Jews made their wealth creating crisis then exploiting it.
Communism is jewish.
Follow the nose. Of course they support their own behavior.
109 times wasn't an accident.

>>17803940
>The average person uses 1 roll per day. If you have a family of 4, that's 28 rolls a week.
I have seen this exact Kikebook jewmath so many times just today I'm convinced it is another campaign by Big Heeb.

>>17804683
And what about the people who can't afford the price gouged good at all?
Your scenario literally only works for fucking toilet paper.

I'm the world's most economically literate individual.
OP is right in result but ignorant and inconsistent in method.
Still working under modernist and egalitarian premises. Never gonna make it.

>>17805534
>He refused to buy the TP dip before the moon