From Price Controls to Mass Starvation

[Doc7505]

From Price Controls to Mass Starvation​

https://www.moneymetals.com/news/2024/08/29/from-price-controls-to-mass-starvation-003419

20 Aug 2024 ~~ By Peter St, Onge

From taxes to spending, Kamala is the most left-wing major party candidate since George McGovern -- who proposed a Universal Basic Income in 1972 and went on to win a single state.
But her most hare-brained scheme -- so far -- has been price controls, where she's to the left of McGovern, threatening to punish grocery stores for daring to charge more than their costs.
In fact, grocery stores make 1 to 2 pennies on the dollar. Meaning they have to pass along costs that come straight from the Washington money printer.
That means price controls would, in short, break food.

Price Controls Always Fail ​

Stage Two: Bankrupt Food Producers ​

Stage Three: Bankrupt Farmers​

What’s Next​

It's very unlikely we'll get to the point of starvation. For the simple reason that at some point the frog boils and the voters -- or rioters -- share their thoughts with policymakers.
That's exactly why price controls fail, from France to Venezuela.
Having said, we managed it before under FDR.
And, unfortunately, if the morons running Kamala's brain trust are dumb enough for price controls, they're dumb enough for a whole lot more.


Commentary:
Long before starvation and food riots Civil War would end the Harris presidency.
China doesn’t want a National Depression in America.
Why? If we go out in a deep 1930's style depression, we will pull the whole world with us. Such a depression would cause starvation and uprisings in China that will topple the current “Communist” who run the place. They exist as long as no one starves—if real communist took over all the big wigs running things would be shot. Same for Europe too—A rise in new Fascism would come as desperate people turn to fringe groups and a charismatic leaders for solutions. Fascists do work and will solve many problems. But, think of it like a powerful medicine that can cure a nations problems but with awful side effects—like a loss of freedom in exchange for order.
Kamala Harris doesn't "realize" anything, but told to parrot what those pulling the strings tell her to say.
We've had 40 years of stable currency, the Reagan to the Trump administrations.
We have reached the point that our GDP hass exceeded by the interest rate we owe on debt.
Today, it's deliberate and part of the same project as the "climate" war on farmers and the New Green theme.

 

[1srelluc]

Looks like the dems are trying to kill off the dairy industry now with the "bird-flu".

 

[boevans]

The OP is making no sense.

 

[IM2]

Harris has said nothing about price controls.

 

[TroglocratsRdumb]

The Russian Marxist and the Chinese Marxist both starved millions of people to death with their backwards agricultural ideas.
The Radical Left also wants to put European farmers out of business, for Climate Change.

 

[Ringo]

“The freedom of your fist ends where the freedom of my nose begins.” But if that fist is economic, your freedom ends nowhere, and you can deprive people of jobs, housing, medicine, and savings with impunity. That is the dictatorship of Capital.

 

[the watcher]

Her babbling about fixing something that the high inflation and corruption has created is just chin music,and there is absolutely no way workable, but I am not sure she understands this. We have tried all this with the food industry and prescription drug market, and she is calling it gouging to make herself look good, and even dabbling in the housing market. Apparently our supply is diminishing with poor labor and investment performance, and the government is wanting to piddle with the supply side, with price controls, which will lead to black markets and rationing.

 

[Ringo]

A supporter of capitalism is always against a guaranteed decent life and is willing to spend his entire life in the shit for a chance to become a millionaire and rise above other people.