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Take this example: heartless people raising the price of water during disasters. We call this price gouging and we stop it.

But why? Why do we stop free-market capitalism from doing its job? Demand for water spikes and supply plummets. Inevitably the price goes up. This is the nature of the free market, and any regulation or manipulation of it is inherently wrong.
When water gets pumped back in the area, supply goes up and the price drops. Alternatively, after enough time all but the richest will have died from dehydration, reducing demand. Only marginally of course, because when you are dying of thirst demand becomes unlimited. I’d say this is a failing of free market capitalism but we all know there is no such thing.
The price eventually returns to the normal level and society resumes. Plus, just think about how many jobs we’ve created digging all those graves for people who couldn’t afford water! Those free market idealists sure know how to create shovel-ready jobs.

HT Political Irony