FREE MARKET

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Surge Pricing Is Unfair, Unethical And Unconstitutional

The surge prices charged by app-based cab services like Uber and Ola represent capitalism in its most brutal form. The message here is, "more power to the free market, leave no space for government's intervention, price regulation is an obstacle to growth, eventually leads to rationing, just let the demand and supply decide prices." So, let's apply surge pricing to hospitals. Limited beds, too many patients? Increase the price. What happens? The rich get the beds, the poor die.