this post was submitted on 18 Jul 2023
48 points (100.0% liked)

Canada

7134 readers
427 users here now

What's going on Canada?



Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Regions


🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


💻 Universities


💵 Finance / Shopping


🗣️ Politics


🍁 Social & Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS
 

Excluding gasoline, headline inflation would have been 4.0% in June, following a 4.4% increase in May.

Canadians continued to see elevated grocery prices (+9.1%) and mortgage interest costs (+30.1%) in June, with those indexes contributing the most to the headline CPI increase.

The all-items excluding food index rose 1.7% and the all-items excluding mortgage interest cost index rose 2.0%.

https://www150.statcan.gc.ca/n1/daily-quotidien/230718/dq230718a-eng.htm?HPA=1

you are viewing a single comment's thread
view the rest of the comments
[–] Jason2357@lemmy.ca 2 points 1 year ago

That doesn't scale, and it's sometimes even illegal. We /used/ to deal with market failure and make sure basic services were met by creating crown corporations. Imagine that the Westons had to compete with a public company that got basic food goods from the farms to stores at industrial scale and at break-even costs. Heck, it could even lose money in remote areas where people can't currently access healthy food as the healthcare savings would be a great investment. It wouldn't have to be fancy, and it wouldn't have to include anything highly processed -just basic, healthy grocery goods that meet our needs. The capitalists would do fine, but would have to either actually be more efficient than the publicly owned system, or rely on premium goods for their profits (which they already mostly do anyway).