Price Gouging Quotes

If you look closely at the price-gouging debate, you’ll notice that the arguments for and against price-gouging laws revolve around three ideas: maximizing welfare, respecting freedom, and promoting virtue.

The messages coming back flooded the comm buffers with rage and sorrow, threats of vengeance and offers of aid. Those last were the hardest. New colonies still trying to force their way into local ecosystems so exotic that their bodies could hardly recognize them as life at all, isolated, exhausted, sometimes at the edge of their resources. And what they wanted was to send back help. He listened to their voices, saw the distress in their eyes. He couldn't help, but love them a little bit. Under the best conditions, disasters and plagues did that. It wasn't universally true. There would always be hoarders and price gouging, people who closed their doors to refugees and left them freezing and starving. But the impulse to help was there too. To carry a burden together, even if it meant having less for yourself. Humanity had come as far as it had in a haze of war, sickness, violence, and genocide. History was drenched in blood. But it also had cooperation and kindness, generosity, intermarriage. The one didn’t come without the other.

No other modern country gives corporations the unfettered power found in America to gouge customers, shortchange workers and erect barriers to fair play. A big reason is that so little of the news, which informs us about the world around us, addresses the private, government-approved mechanisms by which price gouging is employed to redistribute income upward.

Real estate investors want to create a nation of renters, and it’s easy to see why: there’s massive profit in price-gouging people for rent.

Negroes know about each other what can here be called family secrets, and this means that one Negro, if he wishes, can “knock” the other’s “hustle”—can give his game away. It is still not possible to overstate the price a Negro pays to climb out of obscurity—for it is a particular price, involved with being a Negro; and the great wounds, gouges, amputations, losses, scars, endured in such a journey cannot be calculated.

It is still not possible to overstate the price a negro pays to climb out of obscurity, for it is a particular price involved with being a negro, and the great wounds, gouges, amputations, losses, scars endured in such a journey cannot be calculated. But even this is not the worst of it.

Evictions were deserved, understood to be the outcome of individual failure. They “helped get rid of the riffraff,” some said. No one thought the poor more undeserving than the poor themselves. In years past, renters opposed landlords and saw themselves as a “class” with shared interests and a unified purpose. During the early twentieth century, tenants organized against evictions and unsanitary conditions. When landlords raised rents too often or too steeply, tenants went so far as to stage rent strikes. Strikers joined together to withhold rent and form picket lines, risking eviction, arrest, and beatings by hired thugs. They were not an especially radical bunch, these strikers. Most were ordinary mothers and fathers who believed landlords were entitled to modest rent increases and fair profits, but not “price gouging.” In New York City, the great rent wars of the Roaring Twenties forced a state legislature to impose rent controls that remain the country’s strongest to this day. Petitions, picket lines, civil disobedience—this kind of political mobilization required a certain shift in vision.

Negroes know about each other what can here be called family secrets, and this means that one Negro, if he wishes, can “knock” the other’s “hustle”—can give his game away. It is still not possible to overstate the price a Negro pays to climb out of obscurity—for it is a particular price, involved with being a Negro; and the great wounds, gouges, amputations, losses, scars, endured in such a journey cannot be calculated. But even this is not the worst of it, since he is really dealing with two hierarchies, one white and one black, the latter modeled on the former. The higher he rises, the less is his journey worth, since (unless he is extremely energetic and anarchic, a genuinely “bad nigger” in the most positive sense of the term) all he can possibly find himself exposed to is the grim emptiness of the white world—which does not live by the standards it uses to victimize him—and the even more ghastly emptiness of black people who wish they were white. Therefore, one “exceptional” Negro watches another “exceptional” Negro in order to find out if he knows how vastly successful and bitterly funny the hoax has been. Alliances, in the great cocktail party of the white man’s world, are formed, almost purely, on this basis, for if both of you can laugh, you have a lot to laugh about. On the other hand, if only one of you can laugh, one of you, inevitably, is laughing at the other.

What is the most beautiful place you’ve ever seen?” Dragging his gaze from the beauty of the gardens, Ian looked down at the beauty beside him. “Any place,” he said huskily, “were you are.” He saw the becoming flush of embarrassed pleasure that pinkened her cheeks, but when she spoke her voice was rueful. “You don’t have to say such things to me, you know-I’ll keep our bargain.” “I know you will,” he said, trying not to overwhelm her with avowals of love she wouldn’t yet believe. With a grin he added, “Besides, as it turned out after our bargaining session, I’m the one who’s governed by all the conditions, not you.” Her sideways glance was filled with laughter. “You were much too lenient at times, you know. Toward the end I was asking for concessions just to see how far you’d go.” Ian, who had been multiplying his fortune for the last four years by buying shipping and import-export companies, as well as sundry others, was regarded as an extremely tough negotiator. He heard her announcement with a smile of genuine surprise. “You gave me the impression that every single concession was of paramount importance to you, and that if I didn’t agree, you might call the whole thing off.” She nodded with satisfaction. “I rather thought that was how I ought to do it. Why are you laughing?” “Because,” he admitted, chuckling, “obviously I was not in my best form yesterday. In addition to completely misreading your feelings, I managed to buy a house on Promenade Street for which I will undoubtedly pay five times its worth.” “Oh, I don’t think so,” she said, and, as if she was embarrassed and needed a way to avoid meeting his gaze, she reached up and pulled a leaf off an overhanging branch. In a voice of careful nonchalance, she explained, “In matters of bargaining, I believe in being reasonable, but my uncle would assuredly have tried to cheat you. He’s perfectly dreadful about money.” Ian nodded, remembering the fortune Julius Cameron had gouged out of him in order to sign the betrothal agreement. “And so,” she admitted, uneasily studying the azure-blue sky with feigned absorption, “I sent him a note after you left itemizing all the repairs that were needed at the house. I told him it was in poor condition and absolutely in need of complete redecoration.” “And?” “And I told him you would consider paying a fair price for the house, but not one shilling more, because it needed all that.” “And?” Ian prodded. “He has agreed to sell it for that figure.” Ian’s mirth exploded in shouts of laughter. Snatching her into his arms, he waited until he could finally catch his breath, then he tipped her face up to his. “Elizabeth,” he said tenderly, “if you change your mind about marrying me, promise me you’ll never represent the opposition at the bargaining table. I swear to God, I’d be lost.” The temptation to kiss her was almost overwhelming, but the Townsende coach with its ducal crest was in the drive, and he had no idea where their chaperones might be. Elizabeth noticed the coach, too, and started toward the house. "About the gowns," she said, stopping suddenly and looking up at him with an intensely earnest expression on her beautiful face. "I meant to thank you for your generosity as soon as you arrived, but I was so happy to-that is-" She realized she'd been about to blurt out that she was happy to see him, and she was so flustered by having admitted aloud what she hadn't admitted to herself that she completely lost her thought. "Go on," Ian invited in a husky voice. "You were so happy to see me that you-" "I forgot," she admitted lamely.

In that the person of Christ, God-Man, was given up, I gather that the price of our redemption is of infinite value. Neither Christ, nor God Himself could give anything greater. Heaven and earth and all things in them are not of similar worth. Well may Peter call it “precious blood” (1 Peter 1:19), and value it above silver, gold, and all other things of great price.

Under the best conditions, disasters and plagues did that. It wasn’t universally true. There would always be hoarders and price gouging, people who closed their doors to refugees and left them freezing and starving. But the impulse to help was there too. To carry a burden together, even if it meant having less for yourself.

TV is a virus that gets in your head and people get assumptions from it about things they know don’t work like that. Like people think fights are all swoosh chah zap and they’re not they’re like thump gouge roll on the floor someone loses an eye. No fucking Jean-Claude Van Ballet. Just pain.

Another antiviral drug developed by Dr. Fauci’s shop, remdesivir, provides a recent example of a similar Pharma money-making scheme facilitated by NIAID/NIH. While remdesivir proved worthless against COVID, Dr. Fauci altered the study protocols to give his pet drug the illusion of efficacy.30, 31 Despite opposition from FDA and WHO, Dr. Fauci declared from the White House that remdesivir “will be the standard of care” for COVID, guaranteeing the company a massive global market. Dr. Fauci then overlooked Gilead’s price gouging; the company sold remdesivir for $3,300–$5,000 per dose, during the COVID pandemic. The raw materials to make remdesivir cost Gilead under $10. Medicaid must, by law, cover all FDA-approved drugs, so taxpayers again foot the bill. Through these boondoggles, Anthony Fauci has made himself the leading angel investor of the pharmaceutical industry.

Privatisation of government-owned enterprises is crucial to the project [neoliberalism]. One of the appealing features of tax cuts for neoliberal governments is that reduced revenue provides them with an excuse to sell state assets to meet the sudden budget shortfalls. The sale of state assets creates more lucrative business opportunities for the corporations that can afford to buy such things as power stations, water treatment plants, telecommunications providers, government banks and airlines. It's something of a windfall for a business to acquire an asset that will always deliver a return so long as citizens still need things like water or power supplied to their homes, a bus to catch from one place to another, or a telephone connection. And - unlike a state-owned asset - a private corporation never has to adjust its services due to democratic prompting from the electorate. Why do power prices keep going up across Australia? Because most of the power supply is now owned and operated by private corporations. They're free to price gouge on the supply of an essential service, because they can't be voted out of office. p.58-9

Privatisation of government-owned enterprises is crucial to the project [neoliberalism]. One of the appealing features of tax cuts for neoliberal governments is that reduced revenue provides them with an excuse to sell state assets to meet the sudden budget shortfalls. The sale of state assets creates more lucrative business opportunities for the corporations that can afford to buy such things as power stations, water treatment plants, telecommunications providers, government banks and airlines. It's something of a windfall for a business to acquire an asset that will always deliver a return so long as citizens still need things like water or power supplied to their homes, a bus to catch from one place to another, or a telephone connection. And - unlike a state-owned asset - a private corporation never has to adjust its services due to democratic prompting from the electorate. Why do power prices keep going up across Australia? Because most of the power supply is now owned and operated by private corporations. They're free to price gouge on the supply of an essential service, because they can't be voted out of office.

Pie-splitting increases one member’s slice by reducing others’. Most commonly, companies may increase profits by price-gouging customers or exploiting workers. But the pie-splitting mentality may also be held by stakeholders, who think cutting profits is the best way to increase their own slice.

As a result, price gouging is a routine part of today’s cancer landscape.

policymakers and humanitarian practitioners often lack a basic understanding of how markets operate to coordinate activities and generate mutually beneficial outcomes to improve human welfare. In many cases, the result of this ignorance is that interventions intended to help people in the wake of crises actually end up hurting those most in need. One example of this is price-gouging laws intended to protect those already suffering from being exploited by sellers who charge a supposed “unconscionable” or “obscene” price. While the rhetoric of these laws is politically appealing, in reality they reduce the amount of goods and services available to those who are most in need because the inability to charge a higher price provides a disincentive for entrepreneurs to adapt and redirect goods to the crisis-stricken area.

Almost everything in China was subject to a negotiation because the Chinese believe all situations are contextual. The price depended on who you were. There was the Chinese friend price (deep guanxi), the Chinese friend-of-friend price (shallow guanxi), the Chinese stranger price (no guanxi), the smart laowai price (he knew what the Chinese price was), and the sucker laowai price (usually 100 to 200 percent higher than the smart laowai price). Taking their cues from the government, which had instituted different prices for Chinese and foreigners at tourist attractions, hotels, and friendship stores, the local merchants felt no unease in gouging a laowai

THE ROAR of the death blast on the Avenue of the Americas cannot be heard in faraway Johannesburg. With eight weeks to go to the opening game in Soccer City, Sepp Blatter and his South African capos have enough problems. Outraged by price gouging, fans are staying home. In the townships citizens protest every day; ‘Service riots’ send messages to politicians that public money should be spent on homes, water, sewage plants and jobs, not stadiums that will become white elephants. Why should they listen? They have the police beat back the protestors. The World Cup is good news for Danny Jordaan, leader of the bid and now chief executive for the tournament. Quietly, his brother Andrew has been given a well-paid job as Hospitality liaison with MATCH Event Services at the Port Elizabeth stadium. A stakeholder in the MATCH company is Sepp Blatter’s nephew Philippe Blatter. The majority owners are Mexican brothers Jaime and Enrique Byrom, based in Manchester, England, Zurich, Switzerland and with some of their bank accounts in Spain and the Isle of Man. The Brothers are not happy. Sepp Blatter awarded them the lucrative 2010 hospitality contract aimed at wealthy football patrons, mostly from abroad. If that wasn’t enough, Blatter also gave them the contract to manage and distribute the three million tickets. The brothers are charging top rates for hotels and internal flights and expected to make huge profits. Instead, they are on their way to losing $50 million. They plan to recoup these losses in Brazil in four years time.

the ride-sharing service Uber is the hottest, most valuable technology start-up on the planet. It is also one of the most controversial. The company, which has been the target of protests across Europe this week, has been accused of a reckless attitude toward safety, of price-gouging its customers, of putting existing cabbies out of work and of evading regulation. And it has been called trivial. In The New Yorker last year, George Packer huffed that Uber typified Silicon Valley’s newfound focus on “solving all the problems of being 20 years old, with cash on hand.” It is impossible to say whether Uber is worth the $17 billion its investors believe it to be; like any start-up, it could fail.

The prize itself—an elite college admission—comes at a steep price. The cost of a four-year college degree from any of the top-twenty private colleges in the United States now exceeds a quarter of a million dollars, including room, board, books, and fees. The top-twenty public universities cost less, but even they average between $100,000 and $200,000 for a four-year degree, including room, board, books, and fees, depending on one’s state resident status. Society’s desire for early-blooming validation has led to—let’s be honest—price gouging by those official scorekeepers of early achievement, colleges and universities. The rest of us are stuck with big bills and massive debt. Since 1970, college tuition costs have risen three times faster than the rate of inflation. College debt in the United States is now $1.3 trillion, with an 11.5 percent default rate. By all measures, the rush to bloom early has helped create a potential bust bigger than the 2008 housing bubble.

The economist Russ Roberts has quoted the CEO of Flexport, a company that helped people getting access to facemasks.16 He was clear that one key reason for the shortage of masks was the fear of being accused of price gouging, saying “U.S. distributors can’t pass higher prices through to hospitals in the midst of the crisis, for fear of being accused of profiteering. Foreign governments and health care systems have been less encumbered by this, showing a willingness to pay more and pay faster to get first in line.

I’m not hostile like a crazy person punching strangers on a subway platform. I’m just hostile like a crazy person who wants to gouge her eyes out when she sees grammatical errors on billboards. LOWEST PRICE’S—I can hardly stand it.

I’m just hostile like a crazy person who wants to gouge her eyes out when she sees grammatical errors on billboards. LOWEST PRICE’S—I can hardly stand it.

He blogged on topics such as whether or not price gouging during emergencies could actually be beneficial; whether there was an optimistic explanation for the uptick in racial violence in the United States; whether nations could be startups—African countries looked promising.

In years past, renters opposed landlords and saw themselves as a “class” with shared interests and a unified purpose. During the early twentieth century, tenants organized against evictions and unsanitary conditions. When landlords raised rents too often or too steeply, tenants went so far as to stage rent strikes. Strikers joined together to withhold rent and form picket lines, risking eviction, arrest, and beatings by hired thugs. They were not an especially radical bunch, these strikers. Most were ordinary mothers and fathers who believed landlords were entitled to modest rent increases and fair profits, but not “price gouging.” In New York City, the great rent wars of the Roaring Twenties forced a state legislature to impose rent controls that remain the country’s strongest to this day.

Under the best conditions, disasters and plagues did that. It wasn’t universally true. There would always be hoarders and price gouging, people who closed their doors to refugees and left them freezing and starving. But the impulse to help was there too. To carry a burden together, even if it meant having less for yourself. Humanity had come as far as it had in a haze of war, sickness, violence, and genocide. History was drenched in blood. But it also had cooperation and kindness, generosity, intermarriage. The one didn’t come without the other, and Holden had to take comfort in that. The sense that however terrible humanity’s failings were, there was still a little more in them worth admiring.

C. Vernon Mason was disbarred for seven years by the New York State Supreme Court for price-gouging his poorer clients. He entered the New York Theological Seminary as a student.