Democrat Kamala Harris is reportedly planning to propose price controls on food in a speech Friday. She plans to “impose stiff penalties” for the food industry. She supposedly thinks that “corporate price gouging” is the reason that food prices are so high. It shows how little she understands about the economy, or government spending.
The slippery slope of price controls on the food industry
During the times of the Soviet Union, food prices were rigidly controlled by the regime. It led to severe food shortages. The institution of price controls inhibits the ability of producers to gain monetarily from their crops. If everyone has their prices controlled, it is also hard to pay workers. The availability of everything from fertilizer to animal feed becomes scarce. It’s a slippery slope right into poverty. Eventually, you run out of products, which leads to scarcity of food.
“Government-imposed price control is a terrible idea because it makes the economy worse by causing shortages. Everyone who survived socialism/communism knows this: if the store shelves are empty, it doesn’t matter how low the government claims the price of bread is.” Helen Raleigh, an immigrant from communist China. (Daily Wire)
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Government-imposed price control is a terrible idea because it makes the economy worse by causing shortages. Everyone who survived socialism/communism knows this: if the store shelves are empty, it doesn’t matter how low the government claims the price of bread is. https://t.co/fa65WzeMTK
— Helen Raleigh (@HRaleighspeaks) August 15, 2024
Other X users commented:
Unsurprising, because clearly her economic model is Marxism. And also just as clearly she has learned nothing from world history. @Ray_Miller_PhD
Before you vote, take time to talk to someone who lived in a socialist country, like the USSR, Serbia, Cuba, China, Laos, North Vietnam, North Korea, … just pick one and talk to them for 5 min before making your decision. @nvanwyen
“The effects of Marx’s ideas have already been seen in the histories of the Soviet Union and China. Yet Marxism remains popular among those who shape our cultural, academic, and political lives and in the popular movements pushing equity and diversity. All human relationships are now defined in terms of the systemic oppression of one group by another.” Hillsdale College
All in all, Kamala Harris plans for the nation include the use of a Marxist/Communist method that never worked and created even more problems. Price controls create more hunger, poverty, and scarcity, not less. She is an ideologue, and a dangerous one at that.
*****
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