Markup
From the New York Times:
You’re free to stay home, I imagine free-market diehards retorting.
I’m also free to register my disgust.
🤮 🤮 🤮 🤮 🤮
One thing I like about Justice: What’s the Right Thing to Do? – Michael J. Sandel’s opinionated and popular introduction to political philosophy – is that it opens with a discussion of price gouging.
Not with such classic questions as:
Is there a duty to obey the law?
and
Can the state be justified?
– asked from a libertarian-friendly starting-point –
but rather with:
If a storm has cut off the electrical supply for many people, is it moral for merchants to double (triple, quadruple, etc.) the price of a bag of ice?
Unlike the classic questions, this one puts libertarians on the back foot.
Of course, there are differences between the scenario discussed in the book and the stadium-transport markup scenario.
(1) The exploitees in the latter scenario are pleasure seekers, not hurricane sufferers.
(2) They’re exploited by NJ Transit – a governmental agency – not by private merchants.
(3) They’re (mostly) foreign tourists, not members of the polis.
Sandel wants us to conclude that price gouging is wrong because it’s uncivil, or because it’s bad for the polis, or for some such community-based reason. (I’m pretty sure he wants us to conclude that. I haven’t read the end of the book.)
But in the World Cup transport scenario, price gouging (of foreigners, mostly) might actually be good for the community.
I leave it as a reader’s exercise to explain whether these differences matter morally and whether marking up the price is wrong.
You’re free to stay home, I imagine free-market diehards retorting.
I’m also free to register my disgust.
🤮 🤮 🤮 🤮 🤮
One thing I like about Justice: What’s the Right Thing to Do? – Michael J. Sandel’s opinionated and popular introduction to political philosophy – is that it opens with a discussion of price gouging.
Not with such classic questions as:
Is there a duty to obey the law?
and
Can the state be justified?
– asked from a libertarian-friendly starting-point –
but rather with:
If a storm has cut off the electrical supply for many people, is it moral for merchants to double (triple, quadruple, etc.) the price of a bag of ice?
Unlike the classic questions, this one puts libertarians on the back foot.
Of course, there are differences between the scenario discussed in the book and the stadium-transport markup scenario.
(1) The exploitees in the latter scenario are pleasure seekers, not hurricane sufferers.
(2) They’re exploited by NJ Transit – a governmental agency – not by private merchants.
(3) They’re (mostly) foreign tourists, not members of the polis.
Sandel wants us to conclude that price gouging is wrong because it’s uncivil, or because it’s bad for the polis, or for some such community-based reason. (I’m pretty sure he wants us to conclude that. I haven’t read the end of the book.)
But in the World Cup transport scenario, price gouging (of foreigners, mostly) might actually be good for the community.
I leave it as a reader’s exercise to explain whether these differences matter morally and whether marking up the price is wrong.













