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Founders Day. Something's up besides doughnuts
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<blockquote data-quote="bbsam" data-source="post: 762144" data-attributes="member: 22662"><p>JonFrum--</p><p> </p><p>That hot dog at the ball park at $6.50 will only rise in cost by pennies in your scenario. In contrast the price paid by the consumer at said ball park will rise to $7.50 with the excuse given that "religious and other socio-political forces have caused a change in our business practices." The true change of course being that the producer now has a reason to increase profit. As you said, supply and demand is at work at all times, but that does not preclude one from price gouging. I mean really, what hot dog is worth $6.50 in the first place? That is not liberalism. Liberalism would cap the price of the scrap floor delicacy at $0.48, $0.18 of it going to advertising letting folks know how bad hot dogs are for them. This is capitalism in it's coldest fashion. Coming soon: condiments extra.</p></blockquote><p></p>
[QUOTE="bbsam, post: 762144, member: 22662"] JonFrum-- That hot dog at the ball park at $6.50 will only rise in cost by pennies in your scenario. In contrast the price paid by the consumer at said ball park will rise to $7.50 with the excuse given that "religious and other socio-political forces have caused a change in our business practices." The true change of course being that the producer now has a reason to increase profit. As you said, supply and demand is at work at all times, but that does not preclude one from price gouging. I mean really, what hot dog is worth $6.50 in the first place? That is not liberalism. Liberalism would cap the price of the scrap floor delicacy at $0.48, $0.18 of it going to advertising letting folks know how bad hot dogs are for them. This is capitalism in it's coldest fashion. Coming soon: condiments extra. [/QUOTE]
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Founders Day. Something's up besides doughnuts
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