re: Harris to call for price controls on grocery store corporations in Friday speech

quote:

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But who "on the middle" would be dumb enough to buy this nonsense?

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Well intentioned but economically ignorant people that have seen the admission by Target and other retailers that they’ve dropped prices on thousands of goods that they had been keeping higher. “Greedy corporations” are most definitely a thing to these people and they need to be punished for inflicting pain on those poor souls struggling to feed their families. Class envy and the plight of the working poor and the middle class are powerful motivators to vote and these are emotionally driven when the Left frames the argument. That’s a problem for us. It needs to be countered before the narrative takes hold.

Get ready for food shortages.

Venezuela!

Here we come!

Replying to @PhilipWegmann
She finally comes up with a policy on her own and it’s communism. Hilarious
9:47 PM · Aug 14, 2024

Replying to @Yamiche
Suing the people selling our food will in fact not reduce the costs of food.

Democrats make up random sht to trick people into voting for them.

Ok, this is scary. We’re supposed to rely on the market to set prices. Capping prices below market price causes problems. Don’t take my word for it. I’m just a stupid guy on the Internet. Here’s what ChatGPT says:

When the price of a commodity is artificially lowered below its market value, several economic consequences typically occur:

1.Increased Demand: When prices are set below the market value, consumers are more likely to buy the commodity because it appears cheaper. This increase in demand can lead to overconsumption or stockpiling, as consumers take advantage of the lower prices.
2.Decreased Supply: Suppliers may be less willing or able to provide the commodity at the lower price because it may not cover their production costs or yield sufficient profit. This can lead to a reduction in the quantity supplied, as producers may cut back on production or divert their goods to other markets where they can receive a higher price.
3.Shortages: The combination of increased demand and decreased supply typically leads to shortages. With more people wanting the product and fewer of it available, it becomes increasingly difficult for consumers to obtain the commodity. This is often observed as long lines, rationing, or outright unavailability of the product.
LINK
Markets: Shortages can give rise to black markets, where the commodity is sold at a higher price, closer to or even above the marketvalue. In these markets, consumers who are willing to pay more can obtain the commodity, circumventing the price controls or regulations that created the shortage.
5.Reduced Quality: In some cases, producers might reduce the quality of the product to cut costs and maintain profitability at the lower price. This degradation in quality can result in consumer dissatisfaction and further distortions in the market.
6.Inefficiency and Misallocation: Artificially low prices can lead to inefficiency in the economy, as resources may be allocated based on distorted price signals rather than true supply and demand. This misallocation can result in longer-term economic problems, such as reduced investment in production or innovation in the affected sector.

In essence, lowering prices below market value typically disrupts the natural balance of supply and demand, leading to shortages, inefficiencies, and the potential emergence of alternative markets where the commodity is traded at its true market price.

Price controls while they jack the cost of energy up to infinity. Let’s see how that works out

Do enough of this and these corporations will lose the incentive to operate if all they are going to do is break even or lose money. The corporation owes a duty to its shareholders, and if there is no profit being made for the shareholders, then the stores are pointless to them.

Of course, when the stores close, the great and wonderful government will swoop in and we will all be eating delicious government food.

I have a huge garden jackass and hate communism. Just pointing out both companies and the left can go f themselves.

I understand the concept clearly. I just think the companies are taking advantage of the inflation and going extra. Why wouldn't they? The shareholders don't give 2 flying fs about the consumer, they're going to push as high as they can get away with. I may be wrong but you could understand why I'd assume they're getting away with what they can. Both the left and the companies are gonna bend us over as much as possible.

This is the kind of crap that big Government people do.

Typical big government mindset. She see’s government as the answer to everything.

This should fail spectacularly but if it doesn’t, look out! It could indicate that we’ve crossed the great divide and this country could be headed down the path to more governmental controls on our daily lives