I agree it’s morally wrong, but to argue that “it’s not worth the price” when literally people are buying it at that price is not an oversimplification, but the definition, with exceptions (e.g. fraud).
We’re just used to things having a fixed price, at least for consumer goods, and it not being dependent on who is buying and selling it (which is interesting because that is something that didn’t exist until the mid 1800s, this is almost a reversion to the “old way” but just ridiculously unfair, imo).
What the poster said was a useless, sophomoric quip. Its just finding some way to be outraged, which seems to be the goal most of the time.
EatATaco@lemm.ee 4 weeks ago
Basic economics is that what people are willing to pay dictates the prices.
bitjunkie@lemmy.world 4 weeks ago
We’re talking about predating people on inelastic demand, I’d say trying to apply Econ 101 here is a gross oversimplification
EatATaco@lemm.ee 4 weeks ago
I agree it’s morally wrong, but to argue that “it’s not worth the price” when literally people are buying it at that price is not an oversimplification, but the definition, with exceptions (e.g. fraud).
We’re just used to things having a fixed price, at least for consumer goods, and it not being dependent on who is buying and selling it (which is interesting because that is something that didn’t exist until the mid 1800s, this is almost a reversion to the “old way” but just ridiculously unfair, imo).
What the poster said was a useless, sophomoric quip. Its just finding some way to be outraged, which seems to be the goal most of the time.
Phoenicianpirate@lemm.ee 4 weeks ago
What the hell are you talking about?