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Johnny Cash Finger

John Stossel continues to be an idiot

Posted on 2005.09.27 at 09:36
Current Mood: aggravatedaggravated
Current Music: Love - Stephanie Knows Who
I found this a while ago, but haven't gotten around to sharing until now. John Stossel, alleged news correspondent and right-wing shill wrote this piece, praising price gouging in the wake of hurricanes. Yes, you read that right. His theory is that if you forbid price gouging on, say, bottles of water, they will all sell out. If, however, a merchant is allowed to charge $20 an ounce, then by the time you get there, rich white person that you are, there will be plenty left for you.
Hooray for laissez-faire.


Release the Kraken!
delerium69 at 2005-09-27 14:08 (UTC) (Link)
Yeah, he really seems to forget that a poor person probably can't afford the $20 for a bottle of water. He also forgets that in a disaster, the people who CAN afford $20 are the ones who left town before the disaster, so they probably wouldn't need to worry about finding bottles of water. He's not even using actual logic; he's just trying to excuse greed, which is not the same as supporting a Free Market economy. Has he even taken an actual econ class? I haven't and I have more of a clue then him.

I actually feel sorry for him. Of course many humans out there just plain suck. But the fact that he has such little faith in the kindness and compassion of people is tragic. Has he been in a trance everytime the news shows how much the country pulls together during major disasters or back during 9/11?

What a total git.
Jen Taylor Friedman
hatam_soferet at 2005-09-27 16:07 (UTC) (Link)
What an extraordinary argument. Besides, you can step neatly round his whole problem by simultaneously forbidding price gouging and stockpiling. If you can enforce one, you can probably enforce the other, especially when public transport isn't working too well.
theservant at 2005-09-27 17:26 (UTC) (Link)
I suppose, but one might also think that providing adequate supplies of basic human necessities to disaster victims might just be taken care of by the authorities.
Jen Taylor Friedman
hatam_soferet at 2005-09-28 03:25 (UTC) (Link)
This is still the USA we're talking about, right?
theservant at 2005-09-28 03:26 (UTC) (Link)
Yeah, well it could happen.
Jen Taylor Friedman
hatam_soferet at 2005-09-27 16:08 (UTC) (Link)

oh, and...

I seem to remember that theory was tried in the UK during World War 1. It didn't work at all and they had to introduce rationing to stop people starving to death.
theservant at 2005-09-27 17:28 (UTC) (Link)

Re: oh, and...

And that with the very effective method of population reduction that they were doing around that time!
suzermagoozer at 2005-09-28 01:40 (UTC) (Link)
stossel should be murdered in his sleep.

I might pay a guy $20 bucks to do that.
theservant at 2005-09-28 01:42 (UTC) (Link)
He isn't worth $20
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