Forum Discussion
uintafly
May 22, 2014Explorer
The market (as long as market failure is not present) sets the price. In that context, if you want to say the supplier is "greedy" for selling a product for what the market will bear, then the consumer is just as greedy for trying to purchase something for less than the market price. I see no moral issues here; we're talking about travel trailers (wants), not life-saving medications (needs). Consumers and suppliers are both motivated by self-interest, and those competing interests in the marketplace are what sets price and production levels. It is tempting to ascribe "greed" to this process when a market doesn't produce something for the prices you want, but I can assure you that I never called myself "greedy" when I bought my trailer for an incredibly low price in 2008!
IOW, understanding how demand, supply, and pricing works helps consumers make better choices (in this case teardrop trailers), and I certainly support that!
X2. It's funny how companies are always considered "greedy" for charging what people will pay, but buyers are never greedy for shopping for a good deal. Using that philosophy I guess anyone who buys Xmas decos at 75% off after Xmas is greedy too.
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