Famous economist Steven D. Levitt had wrote in his book ‘Freakonomics’ , ‘If morality represents how people would like the world to work, then economics shows how it actually does work’. This is once again proved after cyclone ‘Hudhud’.
After the prices of essentials like water, rice, vegetables were skyrocketed by the local retailers post ‘Hudhud’, here comes the time for the big corporate bees to dig profit out of the disaster.
The airlines have raised the fare to travel about 4 to 5 times in the cyclone hit Andhra Pradesh. The Rajahmundry to Hyderabad, which was costing Rs. 3000 to Rs. 4000 before, is now being sold between Rs. 15,000 to Rs. 17,000.
Some of these airlines are owned by the business tycoons of India who had earlier announced every possible help from their side the other day.