Comment: Re:I spoke too soon (Score 1) 488
So selling medicine must be really bad. Profiting when people get sick.
And what about funeral directors? In the incentive to murder people in order to make a buck stakes.
I disagree.
Selling medicine for your usual price is not exploiting a misfortune. The customer might be only slightly ill, or might be deathly ill. It does not normally have any bearing on the price. a generic drug sold to a person who is dying could cost 50 cents. Whereas totally elective procedures such as laser hair removal cost thousands of dollars.
If the supplier took note of the fact that you're going to die if you don't get your medicine right now and jacked up the dispensing fee to exploit your vulnerability then yes, this would be EVIL.
Raising the price of medicine to exploit a disaster or local outbreak would be bad (and in particular where there is no actual shortage, but you are simply withholding the supply for more money). In fact it would be illegal in many areas.
However, yes, to a certain extent many people do consider the for profit selling of medicine to be immoral, and they do see a moral hazard, and that is why those people support socialized universal healthcare.
funeral directors who raise their prices in response to the the degree which the death was unexpected would be exploiting misfortune. Funeral directors who charge their usual fixed rates at the normal market rates, are simply providing a service. Someone has to do it.
The price of Whitney's music didn't increase because of a shortage of bandwidth. There was no actual market justification for it. It was an attempt to exploit the free advertising caused by her death. It is exploiting her misfortune for personal gain.