How come I don't hear about this in Canada?
Every now and then, I hear the most disappointing stories of governments investigating companies for "price fixing" or "price gouging" or something else along those lines. Today's story comes out of both the UK and the US.
Usually, the story is the result of the government trying to seem like they're trying to stand up for the "little guy", especially in the wake of natural disasters. Perhaps it's because Canadian politics has less of a populist strain in it, but I've never heard about these kinds of investigations in Canada. I hear about them all the time in the states though... against Microsoft for being too successful, against the gas companies for raising their prices as the price of light crude rises on the market and so on.
I don't know that much about "price fixing", but complaints about "price gouging" drive me absolutely insane. After major hurricanes in the southern US, I often read stories of hotels and gas stations being potentially charged with price gouging if they raise their prices from what they should ordinarily be. Well I'm working at a hotel we operate, and I'll be here for the entire summer, and if there's some event that causes a surge of traffic to our village, we'll be sure to raise our rates or do whatever supply and demand dictates we do (perhaps we'll have to even LOWER our rates if a natural disaster PREVENTS people from coming). The other hotels in the area will do the same. We won't be constrained by the ridiculous idea of "price gouging".
Usually, the story is the result of the government trying to seem like they're trying to stand up for the "little guy", especially in the wake of natural disasters. Perhaps it's because Canadian politics has less of a populist strain in it, but I've never heard about these kinds of investigations in Canada. I hear about them all the time in the states though... against Microsoft for being too successful, against the gas companies for raising their prices as the price of light crude rises on the market and so on.
I don't know that much about "price fixing", but complaints about "price gouging" drive me absolutely insane. After major hurricanes in the southern US, I often read stories of hotels and gas stations being potentially charged with price gouging if they raise their prices from what they should ordinarily be. Well I'm working at a hotel we operate, and I'll be here for the entire summer, and if there's some event that causes a surge of traffic to our village, we'll be sure to raise our rates or do whatever supply and demand dictates we do (perhaps we'll have to even LOWER our rates if a natural disaster PREVENTS people from coming). The other hotels in the area will do the same. We won't be constrained by the ridiculous idea of "price gouging".

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