A failed policy in Canada will not work in the US:
The Harris campaign’s proposal, unveiled as part of her first big economic policy speech, has become a focal point for her presidential rival, Donald Trump, and fellow Republicans, who claim she’s pushing “communist price controls.” It has also alarmed food industry officials and even some left-of-center economists, who’ve warned such policies can hurt more than they help.
While much in Harris’ price gouging plan remains vague, a central piece is simply a call for Congress to pass the first-ever federal ban on price gouging in the food and grocery sectors, which largely mirrors legislation reintroduced by Sen. Elizabeth Warren (D-Mass.) earlier this year.
But such a bill has no chance of passing Congress anytime soon, even if Democrats win the White House and Congress this November, according to six Democratic lawmakers and five Democratic aides who were granted anonymity to discuss the matter candidly. These people said Democrats in Congress have privately been telling critics that this part of the Harris plan is not viable.
Rather, they’ve argued it’s a messaging tactic — a way to show that she understands food prices remain an economic burden for many Americans and to redirect voters’ anger about inflation to corporations, in a way that progressives in particular have cheered.
Yes, tell the public a fairy tale.
That's it.
Don't be surprised if it doesn't work.
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