Kamala to fix food prices. Yay!

[wing2000]

Ok...

Ty for offering me the information. I agree that penalizing price gouging....while still possibly having unintended consequences....isn't the same as "price fixing" and doesn't carry the same sort of extreme predictable risks.

You offered up evidence I was wrong....didn't rub it in my face...and presented reasonable counter evidence.

I know it's not often you see this from me...thank you for correcting my misunderstanding....sincerely.

Franklly, I'm skeptical of how she would define price gouging and prosecute it. If the DOJ were to find that major grocer chains are conspiring with each other to keep prices high, that could be prosecuted. However, it remains to be seen what she is referring to specifically.

 

[BPPLEE]

She wants to promote more competition among meat producers and more scrutiny over mergers of large food companies. Some states already have bans on price gouging, so her proposal is to simply extend that as a federal regulation. None of this sounds like "Soviet-Style" anything. It's capitalism at its best.

https://www.marketwatch.com/story/harris-to-propose-federal-ban-on-price-gouging-9def888b

I wouldn’t have known that from watching her speech

 

[public hermit]

I wouldn’t have known that from watching her speech

Is that not what she's wanting to do? What did she say, then?

 

[BPPLEE]

Is that not what she's wanting to do? What did she say, then?

I just heard her say she was going to stop price gouging. I don’t remember her mentioning the specifics that you detailed

 

[public hermit]

I just heard her say she was going to stop price gouging. I don’t remember her mentioning the specifics that you detailed

I got it from the marketwatch article I posted in the comment. I'm curious to hear more details, particularly about her plans for "price gouging." I'm assuming the intent is to root out criminal behavior; although, I don't know that. In general, and assuming the article is accurate, it all sounds good to me.

 

[BPPLEE]

I got it from the marketwatch article I posted in the comment. I'm curious to hear more details, particularly about her plans for "price gouging." I'm assuming the intent is to root out criminal behavior; although, I don't know that. In general, and assuming the article is accurate, it all sounds good to me.

Yes, I was referring to the article. Maybe I missed it but I don’t remember her mentioning those details.

 

[BCP1928]

I got it from the marketwatch article I posted in the comment. I'm curious to hear more details, particularly about her plans for "price gouging." I'm assuming the intent is to root out criminal behavior; although, I don't know that. In general, and assuming the article is accurate, it all sounds good to me.

I don't think that criminal behavior is suspect. More likely what is contemplated is a little arm twisting as a reminder that operating a corporate enterprise is a privilege granted by the government. Symbolic, really. Price increases are starting to moderate as consumers are changing their buying habits. There is still considerable freedom left in the marketplace if we want to avail ourselves of it.

 

[variant]

Price fixing essentials like food doesn't seem to have a good track record.

The better solution is to remove the business practices that allow for price fixing like monopolies, captured business and price collusion.

Those aren't part of the free market in the first place, they are distortions of it via coercion applied by the businesses themselves.

That takes some time to work though though if you want results.

Simply lowering the amount a corporation can charge above their costs however leads to a general distaste for trying to capture the businesses in the first place. Literally fixing the price is a bad idea because it doesn't take into account things like wage inflation and producer prices, but I do not think that is what is being suggested.

 

[BCP1928]

The better solution is to remove the business practices that allow for price fixing like monopolies, captured business and price collusion.

The foundation of Republican economic policy? Good luck with that.

 

[variant]

The foundation of Republican economic policy? Good luck with that.

I'm just telling it like it is. Food price inflation is directly related to how much consolidation has gone on in the food production space.

The thing that really puts a cap on how much can be charged for a beagle is the presence of a competitor or a generic beagle sitting right next to it at nearly half the price.

 

[BCP1928]

I'm just telling it like it is. Food price inflation is directly related to how much consolidation has gone on in the food production space.

Which conservatives regard as a feature, not a bug.

 

[variant]

Which conservatives regard as a feature, not a bug.

Well, one can't have it both ways. The corporation that controls the supply to the point where it is free to raise it's prices knowing there is little competition is going to want to do so up to maximum profits, that's how they generally operate both theoretically and in practice.

The ranching example is particularly egregious because a small group of people control the flow of meat to the consumer and cheat both the rancher and the consumer for their maximum profit.

Here's a good video showing the problem:

As I said though, it shouldn't be possible for small ranchers to go out of business at the rate they are while meat prices go through the roof.

 

[Ana the Ist]

Franklly, I'm skeptical of how she would define price gouging and prosecute it. If the DOJ were to find that major grocer chains are conspiring with each other to keep prices high, that could be prosecuted. However, it remains to be seen what she is referring to specifically.

You may have been mistaken lol.

Price gouging? No no no....price gauging. I don't know what it is...you don't know what it is...nobody knows what it is because it isn't a thing lol.

I forgot for a moment why they keep her away from reporters and interviews. She's dumb as rocks. I mean, obviously that's a slip of the tongue....but good lord. She's giving interviews to Walz instead of reporters because they want to hide her total lack of ability.

I get you're probably voting for her. I'm not faulting you for it....it's a two party system and most people don't like their candidate but they dislike the other candidate more....

But really...just wondering if you're buying into the whole astroturfing campaign or do you think she's a pretty lousy candidate? Would you have preferred the Democrats ran a primary? They don't have any time to run a primary now....but if they had, like the Republicans did, and offered up some choices....I think we can say Biden wouldn't have survived (his dementia would have shown) and they wouldn't have to hide Harris because nobody would have picked her. You would have a candidate who would have an actual platform long ago....and he wouldn't be saddled with the failures of this administration.

 

[BCP1928]

Examine how price fixing affects the labor market-- raising the minimum wage.

Specifically, the restaurant industry.

Entry level workers lost their jobs on the first rung of the ladder to higher wages.

View attachment 353337

And those who just wanted a job to live on.

 

[trophy33]

Kamala Harris to Announce Soviet-Style Price Controls on Food Under Guise of ‘Gouging Ban’
Kamala Harris to Announce Soviet-Style Price Controls on Food Under Guise of 'Gouging Ban'

I’m so happy.

I see no similarity with the Soviet-style price control. The news source seems to be politically biased, quite strongly.

 

[BCP1928]

Well, one can't have it both ways. The corporation that controls the supply to the point where it is free to raise it's prices knowing there is little competition is going to want to do so up to maximum profits, that's how they generally operate both theoretically and in practice.

The ranching example is particularly egregious because a small group of people control the flow of meat to the consumer and cheat both the rancher and the consumer for their maximum profit.

Here's a good video showing the problem:

As I said though, it shouldn't be possible for small ranchers to go out of business at the rate they are while meat prices go through the roof.

The problem with actual price controls (if that is in fact the plan) is that large corporations can absorb inevitably rising costs better than smaller enterprises giving them more control of the market than they had before. What's happening now is that people are changing their buying habits, changing their suppliers, which challenges the big corps market share. The free market is attempting to reassert itself and should be helped, not hindered.

 

[Fantine]

Breitbart gives a very biased view. I will look for a reliable source when I get home from the gym.

 

[trophy33]

The problem with actual price controls (if that is in fact the plan) is that large corporations can absorb inevitably rising costs better than smaller enterprises giving them more control of the market than they had before. What's happening now is that people are changing their buying habits, changing their suppliers, which challenges the big corps market share. The free market is attempting to reassert itself and should be helped, not hindered.

Another problem is that big corporations can first make prices so low that smaller producers cannot compete and after the smaller producers are destroyed, the big corporations make prices skyrocket, without a local competition.

This unethical practice is being used again and again, in various cities, towns etc. I think its illegal in many countries, not sure about the USA.

 

[ralliann]

I agree. I think food prices will soar if she becomes President.

Food shortages too.

 

[ralliann]

Sadly many will fall for this media hype and gaslighting. Kamala is deceiving the American public and is in no way qualified to be President.

Agreed. She wants to blame high prices on greedy companies. It is inflation that is driving up costs,. Her and Joe caused the inflation.