Amazon calls on Congress to create anti-price gouging law

Amazon calls on Congress to create anti-price gouging law

Amazon called for a federal law to prohibit price gouging during a national emergency, saying new standards are needed to prevent profiteering. Brian Huseman, Amazon’s VP of public policy, in a blog said price gouging is prohibited during times of crisis in about two-thirds of the US but that state laws vary. ’The disparate standards present a significant challenge for retailers,’ he wrote.

Sandra
Sandra
Mutatis
Mutatis 1 weeks

If some states do not view it as an issue, then the answer is not to run around the states to have the fed impose legislation upon them. Of course, it does not help that Amazon is purely making this request for their own convenience.

ConcealCarryProtect
ConcealCarryProtect 1 weeks

You know what usually stops price gouging? People not buying the product. Its called capitalism.

Will Miller
Will Miller 1 weeks

Of course they do, it makes it harder to compete with Amazon. You leftists are so dumb if you can't see that you are creating the monopolies that you winge about.

Bulwark AC
Bulwark AC 1 weeks

Again here is a corporation asking for the government to come in and hold down their competitors all in the name of the GREATER GOOD. This is similar to the 20s when corporations got government to make laws that helped them.

Rocky
Rocky 1 weeks

Big businesses always call for more regulations. We already have mechanisms in place for this. GTFO of here with this crap.

Paris Cloud
Paris Cloud 1 weeks

Most states already have these laws. It should be a state level issue.

Change Matters
Change Matters 1 weeks

Price discovery is a market signaling what and how much of something is in demand. Denial of premium prices controls the markets natural signaling methods... also who gets to decide these prices? Art for instance could in most casecases be considered gouging. Many high end name brand products could be considered gouging..... Controling of price discovery is control of the means of production.

Драгомир
Драгомир 1 weeks

Say hi to communism!

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