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curnel_D
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[citation][nom]geoffs[/nom]Clarifies what? That they did in fact double the price, raising it above MSRP? They didn't clarify anything.BTW, in some states, selling electronics for above MSRP is illegal.[/citation]
I'd like to see the proof on that one. Got links?
I'd like to see the proof on that one. Got links?
scuba dave
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[citation][nom]Curnel_D[/nom]I'd like to see the proof on that one. Got links?[/citation]
Considering MSRP means Manufacturer's Suggested Retail Price.. Yeah, I too would like to see the proof for that statement, geoffs.
Considering MSRP means Manufacturer's Suggested Retail Price.. Yeah, I too would like to see the proof for that statement, geoffs.
anamaniac
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[citation][nom]geoffs[/nom]Clarifies what? That they did in fact double the price, raising it above MSRP? They didn't clarify anything.BTW, in some states, selling electronics for above MSRP is illegal.[/citation]
I think I need to move to the states then...
It's cheaper for my to order with next day shipping from the states than it is to buy local... A logitech G11 can be almost $200 here, while on newegg it's $60...
[citation][nom]Mewegg[/nom]Thank you for bringing this to our attention, we sincerely apologize for any inconvenience this has caused. We are aware of this issue and we are working exclusively with Intel to provide these products in greater numbers to meet the growing consumer demand. We apologize again for the inconvenience and we would like to assure you that providing the best online experience possible is our top priority.[/citation]
I call BULLSHIT!
Newegg has absolutely NO love for it's Canadian customers... they actually make me want to buy local at 2x the price...
Though yeah.... I want one of these...
I think I need to move to the states then...
It's cheaper for my to order with next day shipping from the states than it is to buy local... A logitech G11 can be almost $200 here, while on newegg it's $60...
[citation][nom]Mewegg[/nom]Thank you for bringing this to our attention, we sincerely apologize for any inconvenience this has caused. We are aware of this issue and we are working exclusively with Intel to provide these products in greater numbers to meet the growing consumer demand. We apologize again for the inconvenience and we would like to assure you that providing the best online experience possible is our top priority.[/citation]
I call BULLSHIT!
Newegg has absolutely NO love for it's Canadian customers... they actually make me want to buy local at 2x the price...
Though yeah.... I want one of these...
[citation][nom]Curnel_D[/nom]I'd like to see the proof on that one. Got links?[/citation]Google "ny electronics msrp", the first document you'll find is a document from the New York City Department of Consumer Affairs.
According to the document, I made a slight error. It's illegal to sell it for more than MSRP without informing the buyer that you're doing so. Same result. If you have more questions, contact the City of NY or the NY AG Office cause that's about the extent of my knowledge on the topic. I don't live in NY, just know about the rule from previous articles.
And next time, please try looking things up before rating me down.
According to the document, I made a slight error. It's illegal to sell it for more than MSRP without informing the buyer that you're doing so. Same result. If you have more questions, contact the City of NY or the NY AG Office cause that's about the extent of my knowledge on the topic. I don't live in NY, just know about the rule from previous articles.
And next time, please try looking things up before rating me down.
curnel_D
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[citation][nom]geoffs[/nom]Google "ny electronics msrp", the first document you'll find is a document from the New York City Department of Consumer Affairs.According to the document, I made a slight error. It's illegal to sell it for more than MSRP without informing the buyer that you're doing so. Same result. If you have more questions, contact the City of NY or the NY AG Office cause that's about the extent of my knowledge on the topic. I don't live in NY, just know about the rule from previous articles.And next time, please try looking things up before rating me down.[/citation]
2 things.
First, newegg isn't held to that law, since their sales offices and warehouses are only in California, New Jersey, and Tennessee. Which is also the reason that most states don't pay sales tax.
Second, I didn't vote you down.
2 things.
First, newegg isn't held to that law, since their sales offices and warehouses are only in California, New Jersey, and Tennessee. Which is also the reason that most states don't pay sales tax.
Second, I didn't vote you down.
I see I got voted down for my opinion yesterday.
Let's see what went wrong. Those who voted me down think that the market should allow for a company to charge whatever they want for a product. If a customer is crazy/eccentric/idiot/rich enough to buy it, it's his problem. If nobody does, the company either lowers the price or will begin losing money by keeping the stock for too long.
Right. One reader commented that it's like an auction, whoever gives more wins. But this isn't an auction. What newgg did would be something like eBay allowing sellers to have a "buy it now" that changes to "auction" as soon as the stock drops below ten of five units.
The thing is they will soon have more. If it was some item that had ceased to be manufactured or some rarity, then yes, those who really need it or want it should pay what they can, because there will be no more like it. It's like a Ferrari 250 GTO or a Lamborghini Miura.
But this is not the case. Newegg paid X for those SSD's. They start selling them for X + Y. They start selling fast so they change that to X + Y + Z.
How does this make any sense ? It's not a question of availability, they will soon have more. I repeat: it's greed and speculation.
Those who voted me down probably didn't think that this can spread on to others. In my country the three cell phone operators all have the same prices for calls and mobile internet. And they usually come out with new packages the same day or the next. Remember when the fuel almost hit 147 dollars a barrel last year ? And all petrol stations, except those owned by supermarkets (a minority incapable of supplying everybody) had the same - high - prices. And guess what ? The supermarkets who did have lines and lines of people waiting because the fuel there was cheaper didn't raise their prices because of the much higher demand. And I don't think they were counting on making more money out of people going into the supermarket and go shopping. After wainting for an hour to fill the tank you're late for work or whatever you have to do. Only a minority will go into the supermarket . and those are the one who already go there anyway.
What I mean to say is if we don't stand up for this abuse, today it's Newegg and everybody thinks it's normal because it's the market and you've got freedom of choice, but tomorrow it's all the other companies and there goes your freedom of choice.
Let's see what went wrong. Those who voted me down think that the market should allow for a company to charge whatever they want for a product. If a customer is crazy/eccentric/idiot/rich enough to buy it, it's his problem. If nobody does, the company either lowers the price or will begin losing money by keeping the stock for too long.
Right. One reader commented that it's like an auction, whoever gives more wins. But this isn't an auction. What newgg did would be something like eBay allowing sellers to have a "buy it now" that changes to "auction" as soon as the stock drops below ten of five units.
The thing is they will soon have more. If it was some item that had ceased to be manufactured or some rarity, then yes, those who really need it or want it should pay what they can, because there will be no more like it. It's like a Ferrari 250 GTO or a Lamborghini Miura.
But this is not the case. Newegg paid X for those SSD's. They start selling them for X + Y. They start selling fast so they change that to X + Y + Z.
How does this make any sense ? It's not a question of availability, they will soon have more. I repeat: it's greed and speculation.
Those who voted me down probably didn't think that this can spread on to others. In my country the three cell phone operators all have the same prices for calls and mobile internet. And they usually come out with new packages the same day or the next. Remember when the fuel almost hit 147 dollars a barrel last year ? And all petrol stations, except those owned by supermarkets (a minority incapable of supplying everybody) had the same - high - prices. And guess what ? The supermarkets who did have lines and lines of people waiting because the fuel there was cheaper didn't raise their prices because of the much higher demand. And I don't think they were counting on making more money out of people going into the supermarket and go shopping. After wainting for an hour to fill the tank you're late for work or whatever you have to do. Only a minority will go into the supermarket . and those are the one who already go there anyway.
What I mean to say is if we don't stand up for this abuse, today it's Newegg and everybody thinks it's normal because it's the market and you've got freedom of choice, but tomorrow it's all the other companies and there goes your freedom of choice.
scuba dave
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[citation][nom]tpi2007[/nom] ...What I mean to say is if we don't stand up for this abuse, today it's Newegg and everybody thinks it's normal because it's the market and you've got freedom of choice, but tomorrow it's all the other companies and there goes your freedom of choice.[/citation]
It's called supply and demand Tpi2007. There is no getting around that. As long as there are enough consumers out there willing to buy the item at the increased cost at a speed that is fast enough for the company, to make it worth it.. Then that's what they are gonna do. And the reverse is also true. As long as the consumer(s) think the product is worth the price, they will continue to buy it at the higher price. Once the company calculates that they will make more money by selling at the lower price, they will.
[citation][nom]tpi2007[/nom]What I mean to say is if we don't stand up for this abuse, today it's Newegg and everybody thinks it's normal because it's the market and you've got freedom of choice, but tomorrow it's all the other companies and there goes your freedom of choice. [/citation]
That's a little extreme.. It doesn't work like that. Well, more accurately, it only works that way with lower supply, but only up to a point. Companies ultimately undercut each other to bring more business their way. Selling more units, for less each can be worth it in the big picture, if it gets stock off your shelves fast enough. Which inevitably keeps prices low/normal for the most part.
Like it was stated before, multiple times. Love it or hate it, its how "Supply and Demand" works. Lower supply, higher cost. Higher supply, lower cost. It's not always pretty, but I haven't seen a better system yet.
It's called supply and demand Tpi2007. There is no getting around that. As long as there are enough consumers out there willing to buy the item at the increased cost at a speed that is fast enough for the company, to make it worth it.. Then that's what they are gonna do. And the reverse is also true. As long as the consumer(s) think the product is worth the price, they will continue to buy it at the higher price. Once the company calculates that they will make more money by selling at the lower price, they will.
[citation][nom]tpi2007[/nom]What I mean to say is if we don't stand up for this abuse, today it's Newegg and everybody thinks it's normal because it's the market and you've got freedom of choice, but tomorrow it's all the other companies and there goes your freedom of choice. [/citation]
That's a little extreme.. It doesn't work like that. Well, more accurately, it only works that way with lower supply, but only up to a point. Companies ultimately undercut each other to bring more business their way. Selling more units, for less each can be worth it in the big picture, if it gets stock off your shelves fast enough. Which inevitably keeps prices low/normal for the most part.
Like it was stated before, multiple times. Love it or hate it, its how "Supply and Demand" works. Lower supply, higher cost. Higher supply, lower cost. It's not always pretty, but I haven't seen a better system yet.
[citation][nom]scuba dave[/nom]It's called supply and demand Tpi2007. There is no getting around that. As long as there are enough consumers out there willing to buy the item at the increased cost at a speed that is fast enough for the company, to make it worth it.. Then that's what they are gonna do. And the reverse is also true. As long as the consumer(s) think the product is worth the price, they will continue to buy it at the higher price. Once the company calculates that they will make more money by selling at the lower price, they will.That's a little extreme.. It doesn't work like that. Well, more accurately, it only works that way with lower supply, but only up to a point. Companies ultimately undercut each other to bring more business their way. Selling more units, for less each can be worth it in the big picture, if it gets stock off your shelves fast enough. Which inevitably keeps prices low/normal for the most part.Like it was stated before, multiple times. Love it or hate it, its how "Supply and Demand" works. Lower supply, higher cost. Higher supply, lower cost. It's not always pretty, but I haven't seen a better system yet.[/citation]
I beg to differ. You see, the problem with letting the market work absolutely freely, respecting the suply/demand theory, leads consumers to being robbed by greedy companies. It's part of human nature too, by the way, and while there is no way to getting around that, that are ways to minimize it.
Take this example: about two years ago the EU ordered all cell phone carriers around Europe to gradually lower their roaming prices and now also their data prices in roaming. This had to be done because the carriers had all "informally" set their prices so high that the consumer had no other choice: you quit one carrier, the other was equally expensive. A reltive of mine usually goes abroad to the same country and he's seen a dramatic price cut in his phone bill.
The same thing with happens with other major companies, but in some cases the EU still hasn't done anything. Take Microsoft Word, for example. It is the De facto word processor. Everybody I know uses it. Do you know how many bought it ? Nobody! It either came with their computer preinstalled or they got it from someone else on a cd. And then companies blame piracy. They should lower their prices, that's what it is. In this case the EU didn't do anything, and now there is a viable free alternative: OpenOffice and others. But how long did it take for us to come this far ?
During many years the customers were literally robbed because they worked with Word at their job and then they had to continue some work at home and they didn't have and had to buy at the price Microsoft dictated.
And guess what ? The Chinese have a special price for Microsoft Office now. With 95% piracy Microsft decided to stop blaming piracy and lowered their price to a ridiculous $ 29 (http://www.tomsguide.com/us/Microsoft-Office-China-Piracy,news-4289.html) and over a year period they saw an 800 percent increase in sales.
The free market on its own doesn't work properly, because the consumers don't always have all the necessary information. And even if they try, sometimes they won't get it or they don't have the time required, so they end up gettin ripped off. This is when the individual states, or in this case, the EU, has to step in and protect consumers. There are many ways to do it, and one measure alone might not be enough. Forcing companies to lower their prices sometimes has to be done.
The other hipotesis to minimize the problem is having a business in a country that thinks that copying the look of european and american cars is a compliment to those who built and designed the original... and this eventually lead Microsoft to not blame piracy, because they wouldn't get far with such a massive cultural understanding of things, and they opted to go practical: lower prices. See if they're not making money out of it ? They're thinking of continuing with the low price!
To sum it up, the suply/demand theory left to it's own leads to exaggerations. Sometimes external intervention in necesary. Both are human nature.
I beg to differ. You see, the problem with letting the market work absolutely freely, respecting the suply/demand theory, leads consumers to being robbed by greedy companies. It's part of human nature too, by the way, and while there is no way to getting around that, that are ways to minimize it.
Take this example: about two years ago the EU ordered all cell phone carriers around Europe to gradually lower their roaming prices and now also their data prices in roaming. This had to be done because the carriers had all "informally" set their prices so high that the consumer had no other choice: you quit one carrier, the other was equally expensive. A reltive of mine usually goes abroad to the same country and he's seen a dramatic price cut in his phone bill.
The same thing with happens with other major companies, but in some cases the EU still hasn't done anything. Take Microsoft Word, for example. It is the De facto word processor. Everybody I know uses it. Do you know how many bought it ? Nobody! It either came with their computer preinstalled or they got it from someone else on a cd. And then companies blame piracy. They should lower their prices, that's what it is. In this case the EU didn't do anything, and now there is a viable free alternative: OpenOffice and others. But how long did it take for us to come this far ?
During many years the customers were literally robbed because they worked with Word at their job and then they had to continue some work at home and they didn't have and had to buy at the price Microsoft dictated.
And guess what ? The Chinese have a special price for Microsoft Office now. With 95% piracy Microsft decided to stop blaming piracy and lowered their price to a ridiculous $ 29 (http://www.tomsguide.com/us/Microsoft-Office-China-Piracy,news-4289.html) and over a year period they saw an 800 percent increase in sales.
The free market on its own doesn't work properly, because the consumers don't always have all the necessary information. And even if they try, sometimes they won't get it or they don't have the time required, so they end up gettin ripped off. This is when the individual states, or in this case, the EU, has to step in and protect consumers. There are many ways to do it, and one measure alone might not be enough. Forcing companies to lower their prices sometimes has to be done.
The other hipotesis to minimize the problem is having a business in a country that thinks that copying the look of european and american cars is a compliment to those who built and designed the original... and this eventually lead Microsoft to not blame piracy, because they wouldn't get far with such a massive cultural understanding of things, and they opted to go practical: lower prices. See if they're not making money out of it ? They're thinking of continuing with the low price!
To sum it up, the suply/demand theory left to it's own leads to exaggerations. Sometimes external intervention in necesary. Both are human nature.
scuba dave
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+1. I'll agree to that. I like Supply and Demand, but I will most assuredly agree some extra controls thrown in would be amazing. I like that cell phone bit. Man I would love to throw that kinda stuff at AT&T and then like. Watch 'em cry all the way to the bank. 😀
[citation][nom]scuba dave[/nom]+1. I'll agree to that. I like Supply and Demand, but I will most assuredly agree some extra controls thrown in would be amazing. I like that cell phone bit. Man I would love to throw that kinda stuff at AT&T and then like. Watch 'em cry all the way to the bank.[/citation]
Well, yes, the CEO's just take a little longer to buy that Lamborghini lol.
Well, yes, the CEO's just take a little longer to buy that Lamborghini lol.
[citation][nom]Curnel_D[/nom]2 things. First, newegg isn't held to that law, since their sales offices and warehouses are only in California, New Jersey, and Tennessee. Which is also the reason that most states don't pay sales tax. Second, I didn't vote you down.[/citation]I didn't say it applied to this particular situation, I said "it's illegal in some states". NY is the one I know about, there may or may not be others.
As for sales tax, if the retailer does not operate in a given state, then they don't have to collect sales tax for that state. However, what most people don't know (and most of those who do know ignore) is that in those cases, it's the buyer's responsibility to report the purchase to and any applicable pay sales tax to their state. Of course, the laws on that will vary by state as well. You didn't state that it there was no sales tax, so this is a clarification, not a correction.
I appreciate that you didn't vote me down, that comment was target to those who did.
As for sales tax, if the retailer does not operate in a given state, then they don't have to collect sales tax for that state. However, what most people don't know (and most of those who do know ignore) is that in those cases, it's the buyer's responsibility to report the purchase to and any applicable pay sales tax to their state. Of course, the laws on that will vary by state as well. You didn't state that it there was no sales tax, so this is a clarification, not a correction.
I appreciate that you didn't vote me down, that comment was target to those who did.
razor512
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the pricing for supply and demand is mostly based on greed
a company sees that many people want the item so they charge more and if users still buy the product then they just doubled their profits for each item sold
it is greed
and if people grow to accept the price then the price will just stay high or it may be increased higher
a company sees that many people want the item so they charge more and if users still buy the product then they just doubled their profits for each item sold
it is greed
and if people grow to accept the price then the price will just stay high or it may be increased higher
curnel_D
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[citation][nom]Razor512[/nom]the pricing for supply and demand is mostly based on greeda company sees that many people want the item so they charge more and if users still buy the product then they just doubled their profits for each item sold it is greedand if people grow to accept the price then the price will just stay high or it may be increased higher[/citation]
That would be true if it wasn't a free market. And with free market principals, while there is supply and demand, there's also steep competition, which will always drive prices as low as they can afford.
That would be true if it wasn't a free market. And with free market principals, while there is supply and demand, there's also steep competition, which will always drive prices as low as they can afford.
brendano257
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[citation][nom]gorehound[/nom]maybe it is timne not to shop there.that was/is a very lame thing to do to consumers.[/citation]
I like how on every Tom's News that has something negative about any company (Amazon, Apple, Newegg, Foxconn, whathaveyou) There is at least 5 people who go "BOYYYCOTTTTT" almost instantly. Seriously, businesses aren't trying to make your life easy, they're there to make money, and if helping you helps them make more money, they'll do it. Simple. If you don't like it, start your own business and sell everything at a loss to be convenient to a customer. Kthxbai.
I like how on every Tom's News that has something negative about any company (Amazon, Apple, Newegg, Foxconn, whathaveyou) There is at least 5 people who go "BOYYYCOTTTTT" almost instantly. Seriously, businesses aren't trying to make your life easy, they're there to make money, and if helping you helps them make more money, they'll do it. Simple. If you don't like it, start your own business and sell everything at a loss to be convenient to a customer. Kthxbai.
I think we all want one of these drives but I don't think any of us are willing to pay 350+ for a 225 dollar drive. The supply will level out and the price will as well. I think we all shop around and we buy lots of stuff from the egg but hey sometimes these other sites have better deals and we go with them. I don't get what the big deal is. I wouldn't really be blaming the egg for all this and anyway prices on all this stuff are going to drop anyway.
@tpi2007. 'Free market' doesn't mean 'no rules.' A free market without monopoly won't screw its customers because of the supply/demand that every one here seems to like. I think the alarming thing here is that NE may be becoming large enough that they are seen as acting monopolistic - thus breaking the 'free market' functions.
I've not seen a lot of information on the distribution of Intel's supply of these devices. However, if it's been almost solely to the Egg (so the egg has a monopoly on the supply)... then it's bs - and the egg should be hard-fried (Forgive me for the lame pun).
I think I remember seeing that a percentage as low as 50% of the supply could indicate a monopoly (it's probably on a case-by-case basis). We all have chanted the mantra "competition is good." Let's make sure that there is competition in the e-tailer space, too.
I've not seen a lot of information on the distribution of Intel's supply of these devices. However, if it's been almost solely to the Egg (so the egg has a monopoly on the supply)... then it's bs - and the egg should be hard-fried (Forgive me for the lame pun).
I think I remember seeing that a percentage as low as 50% of the supply could indicate a monopoly (it's probably on a case-by-case basis). We all have chanted the mantra "competition is good." Let's make sure that there is competition in the e-tailer space, too.
All I can say is if you don't like the price, don't buy the item. It's hilarious and sad that people are crying because prices were raised. You're probably the same people who cry about high prices on eBay. No one is forcing you to buy it at that price. And if you need it right away, well that's how supply and demand works.
[citation][nom]shummer_mc[/nom]@tpi2007. 'Free market' doesn't mean 'no rules.' A free market without monopoly won't screw its customers because of the supply/demand that every one here seems to like. I think the alarming thing here is that NE may be becoming large enough that they are seen as acting monopolistic - thus breaking the 'free market' functions. I've not seen a lot of information on the distribution of Intel's supply of these devices. However, if it's been almost solely to the Egg (so the egg has a monopoly on the supply)... then it's bs - and the egg should be hard-fried (Forgive me for the lame pun). I think I remember seeing that a percentage as low as 50% of the supply could indicate a monopoly (it's probably on a case-by-case basis). We all have chanted the mantra "competition is good." Let's make sure that there is competition in the e-tailer space, too.[/citation]
What are you talking about? Other places sell those SSDs. How you consider one single e-tailer out of hundreds a monopoly is beyond me. I don't think you understand the concept of monopoly.
What are you talking about? Other places sell those SSDs. How you consider one single e-tailer out of hundreds a monopoly is beyond me. I don't think you understand the concept of monopoly.
Ineedanewusername4561
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[citation][nom]tpi2007[/nom]I beg to differ. You see, the problem with letting the market work absolutely freely, respecting the suply/demand theory, leads consumers to being robbed by greedy companies. It's part of human nature too, by the way, and while there is no way to getting around that, that are ways to minimize it.Take this example: about two years ago the EU ordered all cell phone carriers around Europe to gradually lower their roaming prices and now also their data prices in roaming. This had to be done because the carriers had all "informally" set their prices so high that the consumer had no other choice: you quit one carrier, the other was equally expensive.[/citation]
WOW you missed the ship on that one. This is not applicable to this case at all. What you are talking about is an anti-trust case, companies banding together to form a monopoly. This is illegal here in the states and should be illegal in any capitalist nation as a protection against monopolies, particularly in the utilities markets as these are practically needs. In the Newegg case however, it is completely reasonable for them to do what they did, demand almost requires it. Newegg is not the only retailer of SSD’s AND standard HDD are competing in the same market. It is also completely reasonable for me to simply not purchase it either. Honestly I do not see the big gripe here. JUST DO NOT BUY IT!!! That is how prices are dictated; the company sells for the heist profit ratio. Newegg is ONLY the cheapest retailer for most electronics because they understand that you take care of the customer and the customer will take care of you. Your dollar has the power to lower the price back down and it will when supply bounces back and a grater profit is available at a lower price.
Your MS example is also flawed. Forcing the price down INCREASED MS sales as you pointed out so MS was thinking of keeping the lower prices. This is an example of how the free market works. If MS is stubborn and will not lower the price on its own then that is there loss, law should NOT be enacted to force MS to lower their price. It was that high because ignorant people did not support the competition. If that causes the market harm then so be it – THAT IS THE PRICE OF - F R E E D O M - !!!!!! All those wonderful things we enjoy because of freedom may increase the price we pay for MS word but trust me, it is worth it.
Free market processes almost always work when there are not other controlling variables (like a monopoly). Why is it that everyone wants everything forced to the price THEY think it is worth? You are not so important that you alone dictate market prices. Try this – justify the cheaper price without resorting to “well that what it was before.”
WOW you missed the ship on that one. This is not applicable to this case at all. What you are talking about is an anti-trust case, companies banding together to form a monopoly. This is illegal here in the states and should be illegal in any capitalist nation as a protection against monopolies, particularly in the utilities markets as these are practically needs. In the Newegg case however, it is completely reasonable for them to do what they did, demand almost requires it. Newegg is not the only retailer of SSD’s AND standard HDD are competing in the same market. It is also completely reasonable for me to simply not purchase it either. Honestly I do not see the big gripe here. JUST DO NOT BUY IT!!! That is how prices are dictated; the company sells for the heist profit ratio. Newegg is ONLY the cheapest retailer for most electronics because they understand that you take care of the customer and the customer will take care of you. Your dollar has the power to lower the price back down and it will when supply bounces back and a grater profit is available at a lower price.
Your MS example is also flawed. Forcing the price down INCREASED MS sales as you pointed out so MS was thinking of keeping the lower prices. This is an example of how the free market works. If MS is stubborn and will not lower the price on its own then that is there loss, law should NOT be enacted to force MS to lower their price. It was that high because ignorant people did not support the competition. If that causes the market harm then so be it – THAT IS THE PRICE OF - F R E E D O M - !!!!!! All those wonderful things we enjoy because of freedom may increase the price we pay for MS word but trust me, it is worth it.
Free market processes almost always work when there are not other controlling variables (like a monopoly). Why is it that everyone wants everything forced to the price THEY think it is worth? You are not so important that you alone dictate market prices. Try this – justify the cheaper price without resorting to “well that what it was before.”
One other point to consider, free market pricing based on supply and demand is also better for the consumer. It insures that limited resources are allocated where they are needed most.
A recent example from the 2008 gasoline price increases in the Atlanta area:
Local laws prohibited gas stations from "price gouging" causing gas stations to keep their prices lower than they otherwise would have been. Most gas stations had no gas available for a week. There were people who really needed gas and could not get it. Had the price been high enough for demand to equal supply people who really needed gas would have been able to purchase it and people decided that the price was a little too high for their needs could do without for a few days (work from home, skip that weekend road trip, etc).
I know people are going to say $5+/gallon gas is criminal, but would you rather have the option to purchase it at $5/gallon if you so decide, or have none available at all until supply catches up with government price caps?
A recent example from the 2008 gasoline price increases in the Atlanta area:
Local laws prohibited gas stations from "price gouging" causing gas stations to keep their prices lower than they otherwise would have been. Most gas stations had no gas available for a week. There were people who really needed gas and could not get it. Had the price been high enough for demand to equal supply people who really needed gas would have been able to purchase it and people decided that the price was a little too high for their needs could do without for a few days (work from home, skip that weekend road trip, etc).
I know people are going to say $5+/gallon gas is criminal, but would you rather have the option to purchase it at $5/gallon if you so decide, or have none available at all until supply catches up with government price caps?
tehHooligan
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- Sep 6, 2009
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[citation]Have you been hot for an Intel X25-M SSD lately?[/citation]
I would be if I were you, they rock. Not worth paying over twice the msrp though, wait until they go back under it by a benjamin or so.
I would be if I were you, they rock. Not worth paying over twice the msrp though, wait until they go back under it by a benjamin or so.
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