Prices went up because our congress stopped controlling monopolies, and about 13 companies own pretty much every other company in this country and others. Thus now instead of competition we have collusion and no legislation to block monopolies to restore competition which drives prices down. We are more like an Oligarchy because of it. We need to kick out those responsible and in the pocket of corporate entities, mostly GOP, but for sure some DEMS as well and get some representation in government that actually REPRESENTS US as consumers and constituents. That first order of business is electing Harris/Walz - because Trump is bought and paid for by so many different entities and he is the king of the swamp, not the drainer of it. DD
My bad dude.................I apologize, I get on a crazy rant sometimes and forget who I am talking to
Actually, the joke is on you and @Amiga for arguing with a scatterbrained Newsmax boomer like @Os Trigonum - there is no "system of price controls" being proposed by Harris - there's a single article in NYT about how she's going to mention price gouging by grocers in a speech tomorrow. Price gouging is already illegal and the FTC has brought a number of lawsuits and investigations against retailers for doing it in the past few years. They should keep doing it. Not really controversial. No need to bring up Marxism or the 1970's - that's just numbnuts alt right dumbassery.
link should work for everyone https://wapo.st/3YFhQNQ Kamala Harris to propose ban on ‘price gouging’ for food, groceries The vice president on Friday will make her most substantive economic policy announcement since launching her campaign. By Jeff Stein August 15, 2024 at 6:00 a.m. EDT Vice President Kamala Harris on Friday will unveil a proposed ban on “price gouging” in the grocery and food industries, embracing a strikingly populist proposal in her most significant economic policy announcement since becoming the Democratic Party’s nominee. In a statement released late Wednesday night, the Harris campaign said that if elected, she would push for the “first-ever federal ban” on food price hikes, with sweeping new powers for federal authorities. Harris on Friday will also announce plans to lower prescription drug and housing costs, the campaign said. Harris’s plans amount to a sharp escalation in the economic populism even of President Joe Biden, who had already pulled the party to the left on economic policy compared with his Democratic predecessors. While offering some overtures to the business elite, Harris is attempting to respond to intense voter frustration over rising prices — particularly grocery prices — with a far-reaching proposal. Harris’s plan will include “the first-ever federal ban on price gouging on food and groceries — setting clear rules of the road to make clear that big corporations can’t unfairly exploit consumers to run up excessive corporate profits on food and groceries,” the campaign said in a statement. The exact details of the campaign’s plan were not immediately clear, but Harris said she would aim to enact the ban within her first 100 days, in part by directing the Federal Trade Commission to impose “harsh penalties” on firms that break new limits on “price gouging.” The statement did not define price gouging or “excessive” profits. Republican and many Democratic economists see mandatory price controls as a counterproductive form of government intervention that discourages firms from producing enough supply to meet demand. “This represents a return to the lazy, failed economic policies of the 1970s, when price controls proved to be a disaster for the economy,” said Brian Riedl, a senior fellow at the Manhattan Institute, a conservative-leaning think tank. “It shows Harris is pandering for easy answers on the economy, even more aggressively than Biden had. Biden had talked about price gouging but was not this aggressive, seeking reforms to actually ban it.” Harris’s policy announcement comes as Democratic policymakers have been looking for clues into her plans for the economy. Biden staffed his White House and key regulatory agencies with appointments significantly to the left of President Barack Obama’s team; and on a range of policies — antitrust, trade, labor rights, industrial policy — he shattered the party consensus that had prevailed since the Clinton administration, pushing for more government intervention in nearly every facet of the nation’s economy. Much of Harris’s approach so far suggests continuity with Biden’s policymaking, including her selection as a running mate of Minnesota Gov. Tim Walz, who has enacted a state child tax credit and universal free school lunch, among other liberal policies. *** But her plan to combat prices in food and groceries has suggested that Harris may even move left of Biden on some economic policies. Grocery prices have remained roughly flat over the past year, rising only 1 percent, but have jumped 26 percent since 2019, according to Elizabeth Pancotti, director of special initiatives at the Roosevelt Institute, a left-leaning think tank. “It’s hard to get down an aisle in the grocery store without finding an example of price gouging or price fixing, and it’s costing us dearly,” said Lindsay Owens, executive director of the Groundwork Collaborative, a left-leaning think tank. “It’s wonderful to see the vice president unleash a suite of policy proposals to crack down on these cheaters and protect Americans’ pocketbooks.” more at the link
I love the fact he can now make fun of his age; you did great Joe and now the new generation will take up the cause.
I told you -- but like the typical disingenuous person you are, you ignored and deflected. Yeah, the conversation was had -- yet you're still doubling-down on deflection.
The price control issue isn't simple but she's right to push it. This really deserves it's own thread as Donny has already crossed their ideological Rubicon with tariffs and farm subsidies that try to offset but distorted the market further. For some reason, I still remember an early 2000s Congressional investigation into whether gas companies fix prices at the pump. They found there was no official means of collusion as defined in the textbooks but the industry wide methodology was more intricate where gas prices were dependant on location and number of competition within a five mile radius. Local gas stations did not have control over the prices but rather the companies using algorithms to optimally price each other without directly communicating. Tack on fragile supply chains that are sensitive to whenever a refinery blows up or is out of commission (price fixing did not cause that undersupply in refinery capacity...) and you get insane price spikes where oil majors profit handsomely without any of them fined or landing in jail. This was in the 2000. The Atlantic piece below (paywalled?*) makes a case that with AI making algorithms cheaper and more accessible, we're heading into a new epoch in what would already be familiar online like Amazon. https://www.theatlantic.com/ideas/archive/2024/08/ai-price-algorithms-realpage/679405/ *I might post details if enough people smash that like and subscribe!
I mean, if you enjoy looking at old, overweight, incontinent, fake-tanned white men with thinning hair, I for one support your right to have that interest! I may even inhabit that demographic at some point, and I'll message you with a photo!
Watch out he may take you up on it. He believes men can be influenced to be sexually attracted to other men.
