Wednesday, February 08, 2006

Why Danish Flag Burning Over the Muslum Cartoons

Capitalism works!

At least it does for a Gaza shop owner who saw what was coming.

When entrepreneur Ahmed Abu Dayya first heard that Danish caricatures of the Prophet Mohammad were being reprinted across Europe, he knew exactly what his customers in Gaza would want: flags to burn.

Abu Dayya ordered 100 hard-to-find Danish and Norwegian flags for his Gaza City shop and has been doing a swift trade.

"I do not take political stands. It is all business," he said in an interview. "But this time I was offended by the assault on the Prophet Mohammad."
"I knew there would be a demand for the flags because of the angry reaction of people over the offence to Prophet Mohammad," said Abu Dayya, whose PLO Flag Shop also sells souvenirs and presents.

He sells his Danish and Norwegian flags for $11 a piece -- a price he acknowledged might be dampening sales. Many protesters prefer to save money and make the flags themselves from scraps of fabric, he said.
- From Rreuters Alertnet -

prying1 sez: I hope the demonstrators don't take it into their heads to destroy all the flags in one fell swoop by burning down the shop.

Everything in economics is in this story. Supply and demand stands out for one.