Quote:
Originally Posted by $5 submissions
This also needs to be highlighted:
Journalist and social commentator Ed West wrote in the UK Telegraph yesterday how struck he was by the Japanese culture throughout this ordeal. He observed how supermarkets cut their prices in the days following the quake and how vending machine owners were giving out free drinks as "people work together to survive."
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Great point because in America that's when business owners often price gouge!
http://www.fas.org/sgp/crs/misc/RS22236.pdf
Quote:
Price Increases in the Aftermath of Hurricane
Katrina: Authority to Limit Price Gouging
Angie A. Welborn and Aaron M. Flynn
Legislative Attorneys
American Law Division
Summary
This report addresses the authority of state and federal governments to control price
gouging in the aftermath of Hurricane Katrina. Specifically, questions have arisen
regarding increased prices in the areas affected by Hurricane Katrina and the effect that
the damage caused by the hurricane will have on prices, specifically gasoline prices, in
other parts of the country.
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In a dog eat dog atmosphere like that, business owners who get looted are
reaping what they have sown.