| 28 September 2022, Wednesday |

Traders Preemptively Raised Prices: Greed or Self-Protection?

It is true that the decision to raise the customs dollar has not been implemented yet, but most sectors, especially those whose cost depends on the dollar, did not wait for the announcement of the price to be adopted, but rather worked hard to estimate a new customs price that sometimes reached the exchange rate of the dollar in the parallel market. Is it greed? Or preemptive protection to ensure their gain and not fall into any loss, as they claim? What is the explanation for such behavior?

Although the Consumer Protection Department in the Ministry of Economy, with the escort of the private security services, is launching a wide campaign to write seizure records against violating merchants, these measures are not enough… Who protects the consumer from the greed of merchants?

When state officials think of patchwork solutions, the result is more like… chaos, corruption, impoverishment of society and the destruction of any possibility of its advancement. So what about all that with the greed of the merchants who always invoke the same argument, and “what’s wrong” with the citizen?

  • Sawt Beirut International