Re: MD Free Markets

From: Mark Steven Heyman (markheyman@infoproconsulting.com)
Date: Sat Jul 09 2005 - 19:40:09 BST

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    Hi Mike,

    If you've been following the Moral Society thread, it will come as no
    surprise to you that I agree with your analysis, and your suggestion.

    I have one quick comment, below, then I'm gonna watch this discussion
    from the sidelines. I'm anxious to see what others have to say.

    On 8 Jul 2005 at 10:48, Michael Hamilton wrote:

    In the wake of yesterday's bombings, many London hotels significantly
    hiked up their prices, as hundreds of commuters and tourists were
    unable to leave London due to transport problems. This is a simple
    example of the working of free markets: demand increases, supply
    stays the same, therefore prices increase.

    msh 7-9-05:
    But, notice, the increase of prices is not the result of some
    immutable law of nature, as the "free market" evangelists would have
    us believe. What prevented the sellers from doing business at their
    regular prices? The answer to this question is obvious, and makes
    clear the depravity of a system that puts profits before people.

    Anyway, glad to hear you're all right in Brighton.

    Best,
    Mark Steven Heyman (msh)

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