Over at Organizations and Markets, Peter flips the price gouging arguments on their head:
Please join me in support for poor, beleaguered gas station owners, the
victims of unconscionable price gouging by ruthless consumers who are
taking advantage of market conditions to reduce their demand for
gasoline, driving down the price by nearly $2 per gallon over the last four months. Fortunately, governments are swinging into action. Georgia governor Sonny Perdue issued this statement:
“The financial crisis has disrupted the consumption of gasoline, which
will have an effect on prices. However, we expect the prices that
Georgian gasoline station owners receive at the pump to be in line with
changes in consumers’ incomes and the prices of substitutes and
complements. We will not tolerate consumers taking advantage of
Georgian business owners during a time of emergency.”
Love it.
I love this; totally awesome. Well done, Peter!
Posted by: Pete (L) | November 10, 2008 at 11:40 AM
This was actually a huge issue in Saudi Arabia in the 1990's. The country was really "hurting"...
Posted by: Ismail Hameduddin | November 11, 2008 at 02:34 AM
lol this is great!
Posted by: NC | November 11, 2008 at 11:34 AM