Gouging on Amazon
Kudos to Amazon!
Even in a free, capitalist market, intentionally taking advantage of others during a troublesome/perilous time is absolutely not acceptable.
There is a clear difference between "supply and demand" vs. "price gouging".
Amazon says it has pulled more than 1 million products for price gouging or falsely advertising effectiveness against the coronavirus.
The company said in a statement that it has "always required sellers provide accurate information" on product pages and removes those that violates its policies. Amazon said that third-party sellers must follow its Fair Pricing Policy, which states companies can't set a price "significantly higher" then seen in other places or sell an item that "misleads customers."
The removal comes after Wired found sellers gouging the prices of coronavirus-related products, like face masks, or charging people "exorbitant shipping costs," according to the magazine. In one instance, the publication found a seller with face masks for as much as five times their normal price.
I noticed a little of this myself but didn't spot anything that was 5x normal price.
Grace & Peace & Love to you all -
Matt
