8

Sunday, 18.05.2014.

16:17

Store owners who hiked prices face charges

Minor charges have been filed against 83 stores that decided to sell food and other items at significantly higher prices after the floods hit Serbia.

Izvor: Tanjug

Store owners who hiked prices face charges IMAGE SOURCE
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8 Komentari

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Superstar

pre 9 godina

While I would normally agree with the view of Aleksandar, this situation is different - in normal market conditions, supply & demand should dictate prices with little intervention coming from the government, but in a time of need (i.e. natural disaster) profiteering should come second to humanity. To charge customers higher prices when half the country is under water is a real low-class, low-blow move and is essentially price discrimination, which, depending on jurisdiction, is against the law (I'm not familiar with Serbian or Bosnian law, but I would assume it's similar to Western countries in this regard). Sure, some could argue that it's simply a move to seize on a given opportunity, but that's pretty devious.

Roger7

pre 9 godina

Taking advantage of the disadvantaged.

Personally lived through devastating flood waters in the 1970s. Unemployed for 3 months, so volunteered at a shelter housing 600 people who had lost their homes and all that they owned.
I got sick, like so many others, from the bacteria in the stagnant water, mud and debris left behind when the water receded. To hydrate, purchased bottles of carbonated beverage and was charged 10 times more than the original price.

Greed is a fat demon.

Aleksandar

pre 9 godina

What a silly idea. If businesses charge exorbitant prices for goods, prices which are so high that no one can buy it, then there is an economic incentive for thme to lower prices because they won't be able to sell enough goods at those ridiculous prices to reach a profit. Why can't these businesses fall "victim" to the pressures of the supply/demand market mechanism instead of the government coming in and punishing profit-driven shop owners for doing what any rationally self-interested businessman would do? Doesn't the government have better things to be doing, especially in a time of such grave crisis?

marKo

pre 9 godina

Captain Kosova, I'm positive your people are really proud of you right now. By your people, I don't mean Albanians, I mean unemployed internet trolls.

Captain Kosova

pre 9 godina

Serbs helping Serbs in a time of need! LOL!! The heavenly people get Gods floods and the heavenly people get gods help. God is on the Serbs side! LOL

trudsaam

pre 9 godina

What a novel idea. There is no way to charge store proprietors for similar such abuses here in Canada...

(please stay safe)
(Robin Christensen)

thats the truth, we have laws in Canada that would protect the store owners no matter how conniving they are. the real kicker is most barely or don't even speak English or french (the two national languages of Canada)

Robin Christensen

pre 9 godina

What a novel idea. There is no way to charge store proprietors for similar such abuses here in Canada...

(please stay safe)

marKo

pre 9 godina

Captain Kosova, I'm positive your people are really proud of you right now. By your people, I don't mean Albanians, I mean unemployed internet trolls.

Roger7

pre 9 godina

Taking advantage of the disadvantaged.

Personally lived through devastating flood waters in the 1970s. Unemployed for 3 months, so volunteered at a shelter housing 600 people who had lost their homes and all that they owned.
I got sick, like so many others, from the bacteria in the stagnant water, mud and debris left behind when the water receded. To hydrate, purchased bottles of carbonated beverage and was charged 10 times more than the original price.

Greed is a fat demon.

Captain Kosova

pre 9 godina

Serbs helping Serbs in a time of need! LOL!! The heavenly people get Gods floods and the heavenly people get gods help. God is on the Serbs side! LOL

Superstar

pre 9 godina

While I would normally agree with the view of Aleksandar, this situation is different - in normal market conditions, supply & demand should dictate prices with little intervention coming from the government, but in a time of need (i.e. natural disaster) profiteering should come second to humanity. To charge customers higher prices when half the country is under water is a real low-class, low-blow move and is essentially price discrimination, which, depending on jurisdiction, is against the law (I'm not familiar with Serbian or Bosnian law, but I would assume it's similar to Western countries in this regard). Sure, some could argue that it's simply a move to seize on a given opportunity, but that's pretty devious.

Aleksandar

pre 9 godina

What a silly idea. If businesses charge exorbitant prices for goods, prices which are so high that no one can buy it, then there is an economic incentive for thme to lower prices because they won't be able to sell enough goods at those ridiculous prices to reach a profit. Why can't these businesses fall "victim" to the pressures of the supply/demand market mechanism instead of the government coming in and punishing profit-driven shop owners for doing what any rationally self-interested businessman would do? Doesn't the government have better things to be doing, especially in a time of such grave crisis?

Robin Christensen

pre 9 godina

What a novel idea. There is no way to charge store proprietors for similar such abuses here in Canada...

(please stay safe)

trudsaam

pre 9 godina

What a novel idea. There is no way to charge store proprietors for similar such abuses here in Canada...

(please stay safe)
(Robin Christensen)

thats the truth, we have laws in Canada that would protect the store owners no matter how conniving they are. the real kicker is most barely or don't even speak English or french (the two national languages of Canada)

Captain Kosova

pre 9 godina

Serbs helping Serbs in a time of need! LOL!! The heavenly people get Gods floods and the heavenly people get gods help. God is on the Serbs side! LOL

trudsaam

pre 9 godina

What a novel idea. There is no way to charge store proprietors for similar such abuses here in Canada...

(please stay safe)
(Robin Christensen)

thats the truth, we have laws in Canada that would protect the store owners no matter how conniving they are. the real kicker is most barely or don't even speak English or french (the two national languages of Canada)

Aleksandar

pre 9 godina

What a silly idea. If businesses charge exorbitant prices for goods, prices which are so high that no one can buy it, then there is an economic incentive for thme to lower prices because they won't be able to sell enough goods at those ridiculous prices to reach a profit. Why can't these businesses fall "victim" to the pressures of the supply/demand market mechanism instead of the government coming in and punishing profit-driven shop owners for doing what any rationally self-interested businessman would do? Doesn't the government have better things to be doing, especially in a time of such grave crisis?

marKo

pre 9 godina

Captain Kosova, I'm positive your people are really proud of you right now. By your people, I don't mean Albanians, I mean unemployed internet trolls.

Robin Christensen

pre 9 godina

What a novel idea. There is no way to charge store proprietors for similar such abuses here in Canada...

(please stay safe)

Roger7

pre 9 godina

Taking advantage of the disadvantaged.

Personally lived through devastating flood waters in the 1970s. Unemployed for 3 months, so volunteered at a shelter housing 600 people who had lost their homes and all that they owned.
I got sick, like so many others, from the bacteria in the stagnant water, mud and debris left behind when the water receded. To hydrate, purchased bottles of carbonated beverage and was charged 10 times more than the original price.

Greed is a fat demon.

Superstar

pre 9 godina

While I would normally agree with the view of Aleksandar, this situation is different - in normal market conditions, supply & demand should dictate prices with little intervention coming from the government, but in a time of need (i.e. natural disaster) profiteering should come second to humanity. To charge customers higher prices when half the country is under water is a real low-class, low-blow move and is essentially price discrimination, which, depending on jurisdiction, is against the law (I'm not familiar with Serbian or Bosnian law, but I would assume it's similar to Western countries in this regard). Sure, some could argue that it's simply a move to seize on a given opportunity, but that's pretty devious.