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Trudeau announces new measures to deal with housing, grocery prices (www.cbc.ca)
submitted 2 years ago by to c/canada@lemmy.ca
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Faced with increasing pressure to respond to widespread concerns about the cost of living and questions about his leadership, Prime Minister Justin Trudeau announced a series of new measures Thursday meant to deal with rising housing and grocery prices.

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[–] 5 points 2 years ago (3 children)

The government needed to legislate price caps for key groceries and give the municipalities more control over their zoning and construction. This neoliberal policy bullshit just serves to take money from public coffers and put it in the pockets of the rich.

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  • [–] 4 points 2 years ago* (last edited 2 years ago) (1 child)

    If you place price caps on a product that are below the point where it is profitable for companies to sell it then they will simply stop stocking them in in their shelves. There is historical precedent, too.

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  • [–] -3 points 2 years ago* (1 child)

    The government needed to legislate price caps for key groceries

    By definition, a shortage occurs when an external mechanism, such as government intervention, prevents price from rising.

    Explain to us how creating a shortage of food, of all things, is a good idea. From my point of view as someone who likes to eat, a shortage of food is the scariest proposition.

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  • [–] 4 points 2 years ago

    Costs are driven up by grocery chain skimming. This is most obvious by stepping into any large independent grocer. In Vancouver, these include Foodymart in Richmond and the Crystal Mall produce stands in Burnaby.

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