alt Hacker NewsIt's just surge pricing to manage demand, not "price gouging". Being able to buy RAM at high prices is a lot better than being unable to source it at all because everyone else is panic-hoarding.
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> It's just surge pricing to manage demand, not "price gouging".
This carries the same energy as company leadership insisting that a RIF is not a layoff.
Is it better? As with all price gouging, better for those who can afford it, sure, but not for those who can't. The proper way to combat scalping is to implement fair allocation methods (for a start purchase quantity limits) and punish people for scalping.
Look at how most places handled war-time gasoline shortages. Rationing coupons, purchase limits, demand leveling (like the odd-even system), price or profit controls, strict prosecution of scalpers and price gougers. And it's not like only the communists did this - even the US had most if not all of these things. And it worked far better than the shit that happened during the pandemic shortages. Governments used to know how to govern.
It's speculative price gouging. Calling it "surge pricing" doesn't stop erosion of consumer trust in the market. Watch now as more people more readily jump to price fixing conclusions. Not helped by the inevitable further increase in speculation through feedback loops and the resultant volatility.
First come first served is a better principle than "surge pricing". A lottery is a better principle than "surge pricing". In the case that someone over purchased, they're free to dispose via secondary market if the value to them is lower than the out of stock price. I.e. decentralised pricing (and profits). Secondary market sales are just more efficient, they occur at negotiated prices that reflect true individual valuation, not the retailer's speculation.
I'd rather reward diligence and personal responsibility - if you monitor market trends, anticipate needs, and act quickly, such as buying RAM ahead of a known upcoming supply crunch, you're rewarded with access at the original price. Rather than passive reliance on wealth to solve problems. First come first served values effort and foresight. Scarcity is managed through time and effort rather than money.
We don’t really know whether that’s true, since it’s hard to prove a negative (i.e., suppliers aren’t colluding). But given their history of price fixing it may be worth looking into.