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.
I mean, competition has led to a small number of giants coming out on top, then crushing all their competition. Now they do just raise prices. Agriculture, and grocery, are primarily industries made up of a small handful of corporations in “developed” economies. It got that way without price controls, and the cost of food is still going up, even though inflation is down. You need to control the size, and scope, of corporations, and then regulate a lot of pricing. When you don’t you just get this.