Former President Donald Trump is attacking Vice President Kamala Harris’ plan for a federal ban on price gouging by grocery stores and food suppliers as “Soviet-style” controls.
But Republican state officials across the country have embraced the idea of capping excessive prices for years.
GOP state attorneys general, as well as many of their Democratic counterparts, have moved to stop companies from charging what they view as exorbitant increases in the cost of some goods in certain circumstances.
In Texas, Attorney General Ken Paxton, a Republican, sued a large egg supplier for raising prices by about 300 percent at the height of the pandemic lockdowns in 2020.
Pro-tip: if you want an actual predictable market which actually follows known rules, instill a centrally planned economy.
We don’t have that.
So you are saying that communist practices would work well… Sure because when there is totally no place for competition, it very much helps the growth and it very motivates everyone to keep prices down and is not monopolistic at all.
I didn’t say any of that actually.
Centrally planned economy ≠ communism. Walmart, Amazon, etc literally have a centrally planned economy within their national organizations.
I also didn’t say anything about “helping the growth” or motivating “everyone to keep the prices down” or stop it from being “monopolistic”.
I just stated that since the current market is based on the wills of the ultra wealthy and is subject to extreme fluctuations based on nothing objective… if you want a market that is predictable and follows hard rules (like you tried to apply to the current market) you need to have a central body planning and controlling the market.
How is market based on the will of ultra wealthy.
By the way, centrally planned economy is one of they key factors of communism.