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happiness

Did this “price gouger” do anything wrong?

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This is a story on a guy who went around to small stores and cleaned the shelves of the supplies people are panic buying, and re-sold then online at much higher prices. Of course, he’s being castigated, including by some who claim to be fans of Rand. The supplies he bought would have quickly sold out anyway, and his business provided customers the opportunity to buy things they couldn’t get to the front of the line to get themselves. He did the work, and took the risk to buy all that stuff when there was no guarantee he could re sell it at high prices. The stores he bought from didn’t have a policy against anything he did. I say he’s innocent. Unfortunately for him, he failed to anticipate Amazon’s and Ebay’s PR moves, which resulted in him getting shut down. But does any Objectivist have a problem with this?

https://www.msn.com/en-us/news/us/he-has-17700-bottles-of-hand-sanitizer-and-nowhere-to-sell-them/ar-BB11blvS

Edited by happiness

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I can't think of a rational reason to be against reselling things in this way. I mean, they aren't even life or death products, and price helps manage supply. 

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