25-01-2023, 01:26 PM
"Government needs to step in with regulation of the marketplace including , electricity, petrol, food, no exporting until the home market is well supplied with reasonably priced food."
That sounds like Venezuela; look it up if you aren't familiar.
When prices are fixed, inevitably the incentive to produce/distrubute is removed (because the profit is no longer there) and you just end up with shortages.
High prices/rampant inflation isn't caused by supplier greed, but by too much government meddling making it more expensive for suppliers to produce goods.
That sounds like Venezuela; look it up if you aren't familiar.
When prices are fixed, inevitably the incentive to produce/distrubute is removed (because the profit is no longer there) and you just end up with shortages.
High prices/rampant inflation isn't caused by supplier greed, but by too much government meddling making it more expensive for suppliers to produce goods.