Raoul_Luke
"Wait, it's all Marxism?" "Always has been."
On Thursday, for instance, in an admirable piece titled "When your opponent calls you a 'communist,' maybe don't propose price controls," Washington Post opinion columnist Catherine Rampell delivered a scathing critique of Vice President and 2024 Democratic presidential nominee Kamala Harris's idiotic and authoritarian proposal for a "federal ban on price gouging on food and groceries."
The summary headline put it bluntly: "It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is."
...
"It’s hard to exaggerate how bad this policy is. It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food," Rampell wrote.
"Supply and demand would no longer determine prices or profit levels. Far-off Washington bureaucrats would. The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk."
...
"At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat," the Post columnist wrote of Harris's proposal.
Even WaPo Can't Defend Kamala: You're Already Called Communist, 'Maybe Don't Propose Price Controls?' (msn.com)
So what will it lead to at worst? The (obvious) answer is, well, mass starvation. But hey, that's the kind of economic policies you get when you elect a marxist moron - oh, and don't forget to enjoy the decline...
The summary headline put it bluntly: "It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is."
...
"It’s hard to exaggerate how bad this policy is. It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food," Rampell wrote.
"Supply and demand would no longer determine prices or profit levels. Far-off Washington bureaucrats would. The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk."
...
"At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat," the Post columnist wrote of Harris's proposal.
Even WaPo Can't Defend Kamala: You're Already Called Communist, 'Maybe Don't Propose Price Controls?' (msn.com)
So what will it lead to at worst? The (obvious) answer is, well, mass starvation. But hey, that's the kind of economic policies you get when you elect a marxist moron - oh, and don't forget to enjoy the decline...
