I don’t doubt the good intentions of our government leaders, including elected officials and public health regulators, as they tighten restrictions on our freedom of movement.. We are “bending the curve” and easing the pressure on our health care system. But unless an effective anti-virus drug is found and administered to everyone very quickly, bending the curve will only delay the time before most of us will become infected, and will lengthen the time that we all suffer emotionally and economically.Why is our response to this situation so dramatically different than our response to the flu or automobile accidents? Both the flu and auto accidents kill tens of thousands of Americans each year and are preventable. We could dramatically reduce those deaths if we used the same extreme measures that we are using against COVID-19. But what is the point of living if we have to stay away from our family and friends? For a few weeks, fine. For several months or more, not acceptable. Life has risks. We need to balance the costs and the benefits of our efforts. Soon, we need to once again let people decide for themselves how much risk they are willing to take.
Sometimes, price gouging can be a good thing. If there is a sudden surge in demand for something, say face masks or hand sanitizer, is it better to keep prices low and encourage hoarding that can result in complete outages, or is it better to let prices go up as the market demand allows to discourage hoarding and encourage rapid increases in production? Why would businesses pay for overtime, or expedited shipping, or other higher costs to quickly increase supplies if they are not allowed to increase prices? There are certainly extreme situations where price gouging would be considered by most people to be immoral. (For example, it would clearly be immoral to charge $1,000 for a glass of water to a person dying of thirst when you have plenty of it.) But there are many other situations where allowing prices to go up significantly and quickly helps to make vital products available for important purposes to more people more quickly. Private efforts to keep prices low and to prevent hoarding in an emergency are to be commended, but be careful before you call for laws or regulations to prevent price gouging.
Laws and regulations should not require a person to join a union in order to work for a unionized employer, including the government. But for privately owned businesses, the owners should be able to work exclusively with a union, and require employees to join the union, if that is what the owners want. Most if not all right-to-work laws do not give owners that right. Those laws should be changed.
Under our current regime of drug prohibition in the U.S., it is true that American drug users support the violent drug cartels in Mexico. If we ended the drug wars, and instead legalized and regulated peaceful drug use, and treated addiction under a medical model, the violence associated with the illicit drug trade would mostly go away. When CVS opens a drug store across the street from Walgreens, they don’t get into a gun battle. When a drug store is robbed, they call the police instead of sending out a gang to get revenge. It is the government policy of prohibition that causes the violence associated with the illicit drug trade. Our drug wars will be endless until prohibition is ended.
Link to related Wall Street Journal opinion: https://www.wsj.com/articles/the-cartelization-of-mexico-11572999461