33
Grocers called back to Parliament to testify about plans to stabilize prices
(www.winnipegfreepress.com)
this post was submitted on 24 Oct 2023
33 points (94.6% liked)
CanadaPolitics
2840 readers
6 users here now
Placeholder for any r/CanadaPolitics refugees
Rules
- Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
But they did what they promised! They lowered prices before Thanksgiving, when it would be most visible, and then cranked them back up on the Tuesday morning after. The grocery near me even stopped stocking popular items until after the prices were returned to usual.
Asking a business to make less money will never work. They need to be compelled by law to adjust prices and profits, and be subject to oversight and regulation.
Wonder if something like price controls would work. Like say any product sold cannot be marked up more than 3% per year. Although if the supplier increases the price by more than the stores simply won't sell it if they won't make a profit at that 3% increase.
Personally I'm fine with price controls but I think a grocery crown corp that sets prices the private chains have to compete with would be a more palatable option for most.
We need more crown corporations. Private industry isn't competitive and it's all fixed.