Former President Donald Trump is attacking Vice President Kamala Harris’ plan for a federal ban on price gouging by grocery stores and food suppliers as “Soviet-style” controls.

But Republican state officials across the country have embraced the idea of capping excessive prices for years.

GOP state attorneys general, as well as many of their Democratic counterparts, have moved to stop companies from charging what they view as exorbitant increases in the cost of some goods in certain circumstances.

In Texas, Attorney General Ken Paxton, a Republican, sued a large egg supplier for raising prices by about 300 percent at the height of the pandemic lockdowns in 2020.

  • samokosik@lemmy.world
    link
    fedilink
    arrow-up
    1
    arrow-down
    4
    ·
    4 months ago

    So you are saying that communist practices would work well… Sure because when there is totally no place for competition, it very much helps the growth and it very motivates everyone to keep prices down and is not monopolistic at all.

      • samokosik@lemmy.world
        link
        fedilink
        arrow-up
        1
        arrow-down
        4
        ·
        4 months ago

        How is market based on the will of ultra wealthy.

        By the way, centrally planned economy is one of they key factors of communism.