Supply chains, worker wages and the price of energy has been blamed for the current bout of high inflation. But central bankers around the world are starting to clue in to something consumers have been aware of for a while — corporations just aren’t afraid to raise their prices anymore.
There’s a solution: legally mandating price ceilings. Good luck getting through Congress but the solution to market coordination can’t be market forces.
We don’t have a congress in Canada, so it would be impossible.
There’s a solution to price controls: bread lines
We already have those. It’s called EBT/food stamps, and we just outsource it to local grocers and philanthropy food banks.
This populist idea has been done many times and it always leads to the same: businesses stop stocking unprofitable items.
Learn from history, people.
The ceiling would have to still be profitable. And if this is a thing people need but can’t afford while profitable, the government should provide it.
People need to learn from history and realize corporations exist to serve the people and at the people’s pleasure. You have to apply for a corporation and a we’ve seen with Trump, can be dissolved. Which should really happen a lot more often.