this post was submitted on 24 Oct 2023
36 points (95.0% liked)

CanadaPolitics

1870 readers
2 users here now

Placeholder for any r/CanadaPolitics refugees

Rules:

All of Lemmy.ca's rules apply

founded 2 years ago
MODERATORS
all 9 comments
sorted by: hot top controversial new old
[–] [email protected] 16 points 1 year ago (1 children)

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.

[–] [email protected] 3 points 1 year ago (1 children)

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.

[–] [email protected] 9 points 1 year ago (1 children)

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.

[–] [email protected] 6 points 1 year ago

We need more crown corporations. Private industry isn't competitive and it's all fixed.

[–] [email protected] 9 points 1 year ago* (last edited 1 year ago)

Lower, not stabilize. Start taking losses you massive pricks.

the companies have presented plans to the government to tackle rising prices, which he says include discounts, price freezes and price-matching campaigns.

Basically means they are doing literally nothing different.

[–] [email protected] 6 points 1 year ago

Government: So what did you do to help?
Grocers: Not much, put a couple of coupons here and there in our apps to make some money selling user data.
Government: ...
Grocers: ...
Government: Alright then, see you in a month.

[–] voluble 5 points 1 year ago

“Our plans are competitively sensitive and we do not plan to discuss them publicly before they are launched in our stores,” she added.

Read: we have done nothing so far, and are not actually committing to doing anything in the future.

[–] [email protected] 5 points 1 year ago* (last edited 1 year ago)

Trudeau may have called it "simplistic" but we could probably use a business windfall tax for curbing profiteering (and maybe leaving some breathing room for competition).