/biz/ - Business & Finance

>>18042689
Poor wagies thought they would profit from this virus by being assholes lmao

>>18042689
>Supply and demand is price gouging
OH SAY CAN YOU SEE

>>18042689
It's only price gouging when the goyim do it

>can't raise prices
>everything that is in high demand becomes out of stock instead

Genius.

>>18042709
In a regulated market not all ways of manipulating the supply or demand side are acceptable, what can I tell you man, sorry.

>>18042689
I don't mind price gouging as long as it's not done at the expense of desperate people in a national emergency. Imagine Uber or Lyft engaged in surge pricing when car-less people are trying to evacuate from cities.

>>18042709
Filthy goyim can't be allowed to make a profit

>>18042689
>them
how new are you?

>>18042689
But bezos has stuff, sold by amazon itself, fluctuating in price throughout the day. Hows it legal for him.

>>18042728
This is where "limit x per household" policies should come into play. The whole point of limiting price gouging is so that people who are economically less-advantaged can still purchase critical goods, but that goes out the window if one chucklefuck buys out a whole store to scalp for a quick buck.

>>18042779
Plan ahead faggot.

>>18042732
There's nothing wrong with that. If there's enough demand to justify surge pricing, it means their services are jammed to the limit and can't allow any more customers anyway. Surge pricing is a way to ration limited resources so the people who value the service most will get access to it. It's completely natural supply/demand.

>>18042689
price gouging has been going on ever since china started manufacturing our goods. that's how people became super rich.

>>18042793
so everyone needs to act like a preper and keep an entire grocery store worth of inventory on hand for a once in a 300 year event?

>>18042689
they're getting exactly what they deserve

>>18042823
>the people who value the service most will get access to it.
no, only the ones that can afford it most and are lucky enough to act before it's gone
>It's completely natural supply/demand.
it's completely artificial

I love that idiots like you hand out financial advice here.

>>18042709
Shalom fellow entrepreneur

>>18042823
>Surge pricing is a way to ration limited resources so the people who value the service most will get access to it.
This only works if buying power is equal among all market participants, though, which it isn't. Ever.

>>18042689
I honestly think Amazon is based for price gouging retards who weren't prepared months ago and didn't see this coming.

Cry about it, commies.

>>18042892
>>18042882

Learn basic supply and demand.

>>18042882
>no, only the ones that can afford it most and are lucky enough to act before it's gone
Get a better brain. These are two completed different and counteract each other. Why are you doing here if you're too stupid to even understand economics?

>>18042882
Those of us who weren't brainlets had supplies months ago. We were far far ahead of the curve. I bought a year's supply worth of pasta, rice and some masks in January.

The only people that panicked last minute were "normies"

Nothing to do with luck.

>>18042823
exactly. the point of prices is that they reflect supply and demand. I'd rather pay $20 for toilet paper than pay $4 and not be able to buy any. Fucking enforce limits if you don't allow price to reflect demand.

>>18042906
learn US laws regarding monopolies, gouging, scalping, profiteering, and other stuff that will make your neighbors shoot you

>>18042923
have you ever read a single book on economics?

>>18042689
They should go after people who are selling the Nintendo Switch for 600 dollars.

>>18042922
>I'd rather pay $20 for toilet paper than pay $4 and not be able to buy any.
meanwhile nobody in the US was actually out of toilet paper except grocery and box stores.

should we protect morons like you that respond to artificial supply bottlenecks? Apparently the US thinks we should.

>>18042927
are you a lolbertarian living in an unregulated free market corona dream?

>>18042851
If you don't prep, you don't deserve to survive

>>18042931
The hackable ones are very rare, what did you expect

>>18042950
>NOOO YOU CAN'T JUST CHARGE HIGHER PRICES FOR SOMETHING THAT'S SCARCE, IT'S NOT FAIR!!!

>>18042950
You think you have some novel ideas about this situation, but this scenario has played out hundreds of times and has been written about by many economists. You act as though you're an expert when you really know little.

Attempts to stop price gouging have always done more to make a situation worse. This has been shown over and over and over and over

>>18042689
Praise the benevolent bezos

>>18042729
That's a good point, the demand is mainly increasing because people are worried about increased demand

>>18042969
>This has been shown over and over and over and over
passive voice, no citation

this is how we spot the 12 year old 'expert'

>>18042922
>prices is that they reflect supply and deman
It doesn't retard, prices are subjective, they don't reflect jackshit. Value was, is, and will be subjective forever and ever, not a single price on earth has correlation with reality, that's what subjetive means

>>18042988
Man communists are exhausting in their stupidity coupled with this self-confidence in a topic they haven't the slightest clue about..

>>18042906
Learn about opportunity cost and the subjectivity of value.

>>18042969
But you don't understand, anon. That's because they did it wrong. True socialism has never been tried. If you put me in charge, I'd do it right!

>>18043002
Do you even know what you're talking about? Are you just spouting random words to look smarter? Can you even understand if you're arguing for or against that poster's point?

What are people like you doing here?

>>18043021
>Man communists are exhausting in their stupidity
I'm a capitalist, you absolute moron

we have laws to prevent unethical behavior in business because this isn't Mad Max. Please die in a fire. You're making this board much stupider just by breathing.

>>18043052
Read this book

>>18043057
why?

I've made millions of dollars, you've barely stopped wetting the bed.

>>18043069
>millions
Sorry anon, we're all billionaires here. You should go to bed and let the adults talk.

IPX Token of #TACHYON will be use for Incentive & coordination mechanism

>>18042877
No it's in fact the unprepaired faggots who didn't see this coming who are getting exactly what they deserve.

>>18042689
>NOOOOOOOOOOOOOOOOO YOU CAN'T JUST HAVE A FREE MARKET IT'S IMMORAL
>AMAZON SHOULD RULE THE WORLD WAAAAAAAAAAAAAHHHHHHHHHHHH

>>18043093
it's possible they're both getting what they deserve.

price gougers are going to prison and unprepared people are getting their supplies at a fair price.

it's fucking magic!

id rather NEETs be making a buck from their autism than leftist globalists like amazon

>>18043129
How does imprisoning price gougers let people get supplies at a fair price? Every time it's been tried it just leads to everything being sold out and nobody getting anything.

>advertise your stock of essential goods to Amazon

Bezos will gladly direct the feds where to loot you for tax break.

>>18043157
>Every time it's been tried it just leads to everything being sold out and nobody getting anything.
you're really pretty stupid, you know that?

there's no lack of supply. The apparent lack of supply is caused by price gougers buying up the supply. Once you get rid of them supply goes back to normal.

in real life there is no shortage of the supplies that were being gouged on Amazon. So there's no problem getting them.

#Tachyon Network is a network consisting of thousands of decentralized provider nodes

>>18043183
If there's no shortage of supply, why are "price gougers" only popping up now? If hoarding and reselling are so profitable, why isn't it done normally? Surely something must have changed in the last little while.

>>18043129
>unprepared people are getting their supplies at a fair price
That's not fair. Prepared people getting supplies at a fair price and unprepared people getting fucked, that's fair. We're not building communism here mr faggot

Time to hoard rain water.

>>18042851
Yes, stop being a nigger and use money from kikeflix etc to buy things each month. Becky can go without her $8 starfucks everyday.

>>18043227
>If hoarding and reselling are so profitable, why isn't it done normally? Surely something must have changed in the last little while.
exactly the right question even if you meant it sarcastically.

price gouging is popping up because there's inefficiency in moving supplies. In a normal market the 'gougers' aren't gouging at all, they're just engaged in arbitrage. Business.

but in a market of necessity it becomes illegal.

and the main reason it doesn't happen is because price gougers are small time crooks, not businesspeople. Businesses are thinking of the long run and either not raising prices or even giving necessary goods away at a loss. Because they know you can't keep a business running if everyone hates you. Everyone hates gougers, so they're criminals, not businesspeople.

>>18043228
capitalism isn't about what's fair. Suck it up.

>>18043069
>comes to /biz/
>only has millions

>>18043342
I'm pretty small time but I'll easily blow that kid out of the water.

>>18043287
>but in a market of necessity it becomes illegal.
b-but muh free market!
even the most hardcore of libertarians understand the free market has to have some level of restraint.

Soo when can we finally trust bust Amazon?

>>18043368
>even the most hardcore of libertarians understand the free market has to have some level of restraint.
that's all I'm saying.

I'm a capitalist. A business owner. By some odd chance I happen to sell toilet paper and hand sanitizer and disinfectant wipes and tyvex coveralls and dust masks and such. The same things that were being gouged on Amazon.

I could take my entire inventory and unload it at a 500% markup but I won't. In fact I favor sending people that do that to prison. Because it might make a small fast profit but it hurts customers and hurts business in the long run. We need regulations. A few anyways.

>>18043403
when they raise prices.

>>18043417
>ID is coom
Says more than your faggy words ever could

>>18042689
Remember that goblin sarkezi or the heck his surname is, that wutang album guy, who bought up medicine and increased price?
Yep, these people doing the same.
It is acceptable on some items, but when panic hits, and you OBVIOUSLY trying to profit from global panic, you are terrible person from population perspective and gov perspective, amazon is doing great job on this.
hater gonna hate, but it's true.
Go and increase dewalt tools price by 200%, no law will care, because this tool isn't essential to a human to survive when panic hits.
If you were quite clever you had to hoard consoles and resell them after fixin. It's a gold mine these days, my guys can't repair fast enuf. My margin rose by 73.7%, and it's not only consoles. Indoor and outdoor toys are on fire. You can't ship them fast enuf.
Now you see where you were rong.
>Price gaugin on essentials to stop virus - wrong, profiting from their social distancing and quarantine activities - isn't.

>>18043538
very insightful

you know who's a fag? Pharma bro, he thinks just like you and gets miles of cock in prison

#Tachyon bandwidth resources are mainly provided by the VPS service provider, and the user data can be arbitrarily obtained and cached