Vice President Kamala Harris vs Donald Trump 2024

No, she isn't pumping price controls, although that is how it is framed to dupe those not paying close enough attention.
Can you find us some credible economists that are classifying this as price controls?
And I don't mean MAGA stooges.

This is a much more specific measure… "closer to a consumer protection measure"

Under Harris’ proposal, the government wouldn’t specify prices, but the Federal Trade Commission could investigate price spikes. “The proposal is really about protecting consumers from unscrupulous corporate actors that are trying to just rip the consumer off because they know they can,” she said.

https://apnews.com/article/kamala-harris-price-gouging-ban-inflation-65dc8844bb41159d76886f752b6cab28

Instead of addressing the post, you've just gone on a rant. Exploiting consumers buying their groceries by spiking prices. Eg Kroger in the US are currently considering bringing in dynamic pricing for groceries which means one customer will end up paying a different price than another for the exact same shopping. But your concern is "socialism".

https://progressivegrocer.com/senators-probe-kroger-about-dynamic-pricing

Until we meet headlines such as, "Record profits recorded by *** company" with contempt and disgust, instead of heralding it as something to strive for, there'll be no ease in the cost the living crisis.

They have record profits, because they are charging too much.

This should not be hard to understand.

Surely his kids should be making an intervention and showing him some pamphlets.

Florida has some excellent elder care homes.

Whats being proposed isnt price controls. This has already been explainex on the thread.

Under Harris’ proposal, the government wouldn’t specify prices, but the Federal Trade Commission could investigate price spikes.

Continuing to describe it as price controls is economic illiteracy and arguing against a fabricated strawman.

Just because the Don called it that😶

But the overall outcome has been a general downward pressure on prices.

But once again, this relates to investigating outlier scenarios where prices increase drastically. It's basically having a consumer watchdog.

but you’re not waiting you’re declaring she’s gonna destroy America.

Talking out of both sides of the same hole

how long before he panics and tests that theory about dropping his pants and taking a 💩 on the podium, hoping to get a bigger crowd

that’s right wing think tanks and interests wearing down the American psyche for decades. Fair few Americans now would defend a company’s right to be a monopoly. See how they hyperventilate now when Harris said a few years ago she’d gladly seize a pharma company’s patent if they were not using it in good faith, only to hoard it or monopolize life saving medicine, that was funded by federal dollars. That she basically doesn’t want to spend billions of taxdollars developing drugs that ailing Americans need who will be charged over a barrel for them. She ghasp seems to believe in investing in Americans.

And this terrifies the Martin Shkreli’s. Good:

https://www.mediaite.com/politics/is-this-even-legal-critics-slam-kamala-harris-over-vow-to-snatch-patents-after-resurfaced-vid-goes-viral/

Naturally on the cesspool known as Twitter, it’s being stripped down of context, failing to point out the part where the federal government spend billions on the development of the patents in question under contract, eg:

Or you know, things like dynamic pricing are very much so a brand new issues in economics and are not by default good.

Martin Shkreli as pointed out by @briany is a great example. I have a chronic illness that if unmanaged could result in me being hospitalized, needing surgery and potentially disabled for life. Thankfully there's great drugs to manage it and I'm healthy, I'm a high earning tax payer so I put plenty back into the economy. I thankfully don't face a five or six thousand euro bill every time I need a treatment. I would face such a bill in the US.

Let the markets do as the markets wish is what you personally view as the correct economic course. Not all economic systems view it as such. It can create deeply inequitable scenarios and applying something like dynamic prices to groceries is deeply exploitative. I would suspect the EU will regulate on such things before they become a serious issue. That's not covering up an inefficiency.

Microsoft is a perfect example of how corporations work. Buy up the competition, absorb their ideas and then shut them down. Launch legal actions to stifle competition. Strongarm manufacturers to only stock your product.

Google the same.

Amazon a slight variation.

It happens in every industry - capitalism always tends towards monopoly, cartels and price gouging. If you can get the government on board to pressure foreign countries to buy your product so much the better (think Monsanto and Haliburton).

Well given how that family seems to operate, they only do it if they got something out of it. That family doesn’t seem to be do thinks because it’s the right thing to do.