Price hikes of sanitizing gel throws perverse incentives of neoliberalism into sharp relief

Article includes DIY hand sanitizer. Demand for hand sanitizer is surging around the globe as the new coronavirus spreads, prompting retailers to ration supplies and online vendors, despicably, to hike prices.

Politics and Insights

sanitizerDemand for hand sanitizer is surging around the globe as the new coronavirus spreads, prompting retailers to ration supplies and online vendors, despicably, to hike prices. Many high street shops and pharmacies have no stocks left at all.

There are also price hikes on antibacterial hand wash.

The surge in demand has prompted some third-party sellers to inflate their prices on platforms including Amazon and eBay.  In the UK, a Defendol hand gel retailing at £3.49 ($4.46) in stores is being sold for £109.99 on Amazon. 

Neoliberal economies, based on a ‘competitive market place’ model definitely create inequality and ensure the survival of the wealthiest, apparently. Essential goods and services are provided on the sole basis of profit, rather than on human need.

The global mortality rate for Covid-19 is 3.4 percent, according to the World Health Organisation. By comparison, seasonal flu generally kills far fewer than 1 percent of…

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