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