Corporate Price Gouging Amid Hurricanes Prompts Calls for Federal Action
Corporate Price Gouging Amid Hurricanes Prompts Calls for Federal Action
Airlines, hotels, and other companies have taken advantage of the crises brought by Hurricanes Helene and Milton.
Airlines, hotels, and other companies have taken advantage of the crises brought by Hurricanes Helene and Milton.
“Exploiting vulnerable people fleeing a deadly storm for higher profits is a new low,” said the CPC members as Hurricane Milton barreled toward Florida as a monstrous Category 5 storm, fueled by record-high ocean temperatures made far more likely by the climate crisis.
Is it, though? Because this seems an awful lot like a pretty standard low for American businesses.
This is what a market is. Demand goes up, so do prices.
If you think people shouldn't be price gouged on food and shelter, great! I think so too. Unfortunately, this doesn't happen as long as those things are part of capitalism.