Price hikes

A quick look at the price of facemasks online will tell you crisis capitalism is with us once again. Ever-present in times of trouble, this perennial predilection will see people attempt to profit from the suffering of others. This is, however, nothing new. Indeed price hikes have staked out the boundaries of capitalism for centuries. So, as one queues for toilet paper, we can all take heart that we’ve been here before. Been here before and survived to tell the tale.    ... read more

Price gouging occurs in many circumstances. Some less fraught than others. Just watch the price of toilet paper rise soon. There is, however, one example that sits head-and-shoulders above the rest. That of Martin Shkreli. Martin Shkreli is the poster-boy simply for having pushed the principle further than anyone else. His re-pricing of drugs was very the epitome of capitalism’s crux. The only question is if it was so ghastly, why hasn’t the system changed to prevent it? ... read more

Inevitably, some people have sought to profit from the current crisis. This has upset people despite it being an obvious and foreseeable extension of the system they’ll merrily defend the rest of the time. Indeed, even in placid times, those who seek to make profits of suffering are roundly condemned. Unless, of course, they’re making weapons. Apparently. The hypocrisy is manifest and yet is perpetual. We approve of capitalism to a point, one that we’ve never actually defined.  ... read more