@Johncdvorak #1 increase in price? hospital services
what's one of the most proprietary-software using industries in the US? hospitals
GNU/Health https://news.opensuse.org/2021/10/20/hospital-to-run-gnu-health-openSUSE/ is how to reduce that overhead substantially, and to take a good chunk of the graft away
"Gouging" is just a word for "market clearing that upsets people".
See also: Munger on Price Gouging https://www.econtalk.org/munger-on-price-gouging/
@Johncdvorak To all commenters, keep in mind that gouging is not necessarily determined by price. Margin, or markup, or profit, for a good or service is where I would lay claim to gouging. So if the markup on a good or service is out of line with respect to its value in the market there is a potential problem. A problem that a true capitalist system would correct. But we don’t have that. Not even close.
@Johncdvorak or anyone, have an idea on the reason for the 2018 textbook dip and spike? First I thought it was too granular, and maybe it was tied to semesters, but it didn't happen in other years. (Maybe 2009?)
@Johncdvorak in fairness, college textbooks are printed on unicorn vellum, that justifies their cost
Price gouging is mis-understood. When government sanctioned middlemen get involved with something like Healthcare, we hear the costs are rising and government needs to solve the problem. In reality that is gouging.
If there is a wildfire in CA and lumber is necessary there will be a price rise due to scarcity. I will find the price necessary for me to remove my products from another market and bring it to CA. My profits enable CA to have what it needs. There is a difference