Faced with increasing pressure to respond to widespread concerns about the cost of living and questions about his leadership, Prime Minister Justin Trudeau announced a series of new measures Thursday meant to deal with rising housing and grocery prices.
The government needed to legislate price caps for key groceries and give the municipalities more control over their zoning and construction. This neoliberal policy bullshit just serves to take money from public coffers and put it in the pockets of the rich.
If you place price caps on a product that are below the point where it is profitable for companies to sell it then they will simply stop stocking them in in their shelves. There is historical precedent, too.
The government needed to legislate price caps for key groceries
By definition, a shortage occurs when an external mechanism, such as government intervention, prevents price from rising.
Explain to us how creating a shortage of food, of all things, is a good idea. From my point of view as someone who likes to eat, a shortage of food is the scariest proposition.
Costs are driven up by grocery chain skimming. This is most obvious by stepping into any large independent grocer. In Vancouver, these include Foodymart in Richmond and the Crystal Mall produce stands in Burnaby.
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The government needed to legislate price caps for key groceries and give the municipalities more control over their zoning and construction. This neoliberal policy bullshit just serves to take money from public coffers and put it in the pockets of the rich.
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If you place price caps on a product that are below the point where it is profitable for companies to sell it then they will simply stop stocking them in in their shelves. There is historical precedent, too.
Profitability has clearly not been a problem for smaller grocers. Why is it only a problem for the big chains?
Greed.
By definition, a shortage occurs when an external mechanism, such as government intervention, prevents price from rising.
Explain to us how creating a shortage of food, of all things, is a good idea. From my point of view as someone who likes to eat, a shortage of food is the scariest proposition.
Costs are driven up by grocery chain skimming. This is most obvious by stepping into any large independent grocer. In Vancouver, these include Foodymart in Richmond and the Crystal Mall produce stands in Burnaby.