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Thread: A consumer-created crisis

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    A consumer-created crisis

    With the price of salt returning to normal, hundreds of people in Wenzhou, Zhejiang province, visited supermarkets and shops to return their purchase, sparking a public debate on whether that should be allowed, says an article in Xinhua Daily Telegraph.

    But from the legal point of view, shopkeepers have to refund the money, especially because they sold the salt at a higher price, and according to the Price Law, no one can do so because salt is a special commodity to be sold strictly under government-guided price. Hence, shopkeepers have to take back the salt and refund the money to consumers.

    Perhaps the consumers should be made to keep the salt as a reminder to the crisis they created and a lesson to ignore rumors in the future.

    A consumer-created crisis
    I thought this was interesting for some reason - here in the US each store has it's own policy and it must be stated clearly (posted in the store, on the receipt, etc) about their return policy.

    I also find it interesting that salt is a commodity with a price determined by the government - is this the same here in the US?
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    Re: A consumer-created crisis

    A prime example of this is Helium. According to supply and demand, Helium should cost about 20 times what it does now, but due to congress deciding that all our helium supplies must be sold by 2015, prices have been artificially lowered.
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    Re: A consumer-created crisis

    Quote Originally Posted by TheBook View Post
    A prime example of this is Helium. According to supply and demand, Helium should cost about 20 times what it does now, but due to congress deciding that all our helium supplies must be sold by 2015, prices have been artificially lowered.
    Helium? What on Earth would you buy helium for? I've never bought a cannister of helium in my life. Are you referring to industrial use?

    Also, petroleum and diesel prices are very carefully controlled by government. The price of raw rarely relates to the price at the gas station. That is controlled by government. Alcohol, tobacco, pharmaceuticals. The price of all of those are influenced hugely by government action.
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    Re: A consumer-created crisis

    Quote Originally Posted by Andalublue View Post
    Helium? What on Earth would you buy helium for? I've never bought a cannister of helium in my life. Are you referring to industrial use?

    Also, petroleum and diesel prices are very carefully controlled by government. The price of raw rarely relates to the price at the gas station. That is controlled by government. Alcohol, tobacco, pharmaceuticals. The price of all of those are influenced hugely by government action.
    It actually has a variety of scientific uses and is amazing for use in cold-storage. Unfortunately a good portion of earth's helium reserves are being wasted on frivolous things such as balloons.
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    Re: A consumer-created crisis

    Quote Originally Posted by Aunt Spiker View Post
    I thought this was interesting for some reason - here in the US each store has it's own policy and it must be stated clearly (posted in the store, on the receipt, etc) about their return policy.

    I also find it interesting that salt is a commodity with a price determined by the government - is this the same here in the US?
    It's hard to say for sure, with certain import tariffs, subsidies etc, that there isn't a price floor set by the government on so many things.
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    Re: A consumer-created crisis

    Helium for laboratory use is often used as a carrier gas for gas chromatography in North America, europe tends to use Nitrogen if I am not mistaken. Lots of other industrial/commericial uses as well
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