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Kamala Harris for Pres

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www.yahoo.com

Beshear says Harris’s economic plan to ensure ‘capitalism stays within the guardrails’

Kentucky Gov. Andy Beshear (D) defended Vice President Harris’s newly unveiled economic agenda, saying it will help ensure the economy is working properly. “I do because I’ve been an attorney general, just like the vice president, I pursued price-gouging statutes and their violations when it...
www.yahoo.com www.yahoo.com

“I do because I’ve been an attorney general, just like the vice president, I pursued price-gouging statutes and their violations when it comes to the price of gas in Kentucky, and we won and ultimately returned millions of dollars to our people. This isn’t about trying to price fix. It’s just making sure that the economy is operating the way it should, that this is really supply and demand, which we all respect,” he said Sunday on CBS’s “Face the Nation.”

“It’s no different than what Teddy Roosevelt did in breaking up monopolies. It’s just making sure we have the right regulations and tools in place to make sure everybody is playing the game fairly and by the rules,” he added.

Beshear defended the economic plan, noting that price gouging remains an issue in the wake of disasters and crises.

“So, you have to have the evidence that this is beyond supply and demand, that this is people taking advantage of us. Certainly, we’ve seen it after natural disasters in red states and blue states. It’s just making sure that coming out of the pandemic or in difficult times, that people aren’t increasing the price of food just to make a bigger profit,” he said.

“All it is is making sure that capitalism stays within the guardrails. And it’s not new. We’ve been doing this in the states for a long time,” he added.

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SoberasHotRod said:
It's funny how people who aren't in an industry talk to someone with first hand knowledge like he doesn't know what he's talking about. FWIW, I do have first hand knowledge of P&L statements for many food companies I've worked with.

Could you please send a link on the Pepsi and Coke example you shared? Specifically I'm looking at understanding significant increases in profit margins and not just revenue.

There are already laws against collusion and price fixing. If what you are all alluding to is true, that big companies work together to increase costs for consumers, then all Kamala Harris needs to do is to enforce the laws that have already been put in to place.
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Enforcing the laws is exactly the problem. We haven't been doing that as we should be. Hence why most major industries are dominated by 5 or fewer large corporations.

Google is your friend, this was one of the top articles in the list. There are others. If you are privvy to Pepsi's top-line financials and so well-versed you should be able to show us the progressive rise in their profit margins tied directly to price hikes, even while those price hikes drove a decrease in overall demand.

www.vox.com

Why Diet Coke got so expensive

The economy, explained by your Diet Coke and soda prices, kind of.
www.vox.com www.vox.com

Here is a simplified breakdown of oligopolies in our markets:

robertreich.org

THE MONOPOLIZATION OF AMERICA: The Biggest Economic Problem You’re Hearing Almost Nothing About

Not long ago I visited some farmers in Missouri whose profits are disappearing. Why? Monsanto alone owns the key genetic traits to more than 90 percent of the soybeans planted by farmers in the United...
robertreich.org robertreich.org
 
SoberasHotRod said:
There are already laws against collusion and price fixing. If what you are all alluding to is true, that big companies work together to increase costs for consumers, then all Kamala Harris needs to do is to enforce the laws that have already been put in to place.
Click to expand...

None of the companies in this oligopoly scenario have to actually collude to price fix. Through mechanisms such as price leadership and incoming technologies like Dynamic Pricing, they don't have to communicate directly so technically what they're doing is completely legal. But it also completely sidesteps your normal market principles and the result is the same.
 
Can we at least agree that IF price gouging is going on, that would be a bad thing and we all WOULD want something to be done about it?

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fishonjazz said:
Can we at least agree that IF price gouging is going on, that would be a bad thing and we all WOULD want something to be done about it?

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Click to expand...

But RandyForRubio found a guy on Twitter who said 5 companies had no EBITDA increase in the last 5 years.

Edit: I'm just poking fun don't get mad at me. According to the Harris campaign, they only wanted to go after a few bad actors for price gouging. They haven't given specifics yet.
 
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I just put Political Jazz Fan on ignore. Even though I want to see Kamala pros and cons his copy paste carpet bombing is just too much. Too bad he can't come up with a though of his own.
 
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