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    Could it happen here ? ( Direct price controls ).

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    papa_umau
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    Could it happen here ? ( Direct price controls ).

    Post by papa_umau on Sun 10 Nov 2013, 1:00 pm

    I saw a report in my Sunday newspaper today about A Venezuelan electrical chain of retailers being virtually "occupied" on government orders because it was reckoned that this chain were selling their goods at artificially-inflated prices.

    Socialist President, Nicolas Maduro said that the Daka shops would now be forced to sell their goods at fair prices after he claimed that such inflated-pricing policies were "hobbling Venezuela's economy".




    OK, folks I know that this action sounds a bit severe, but even if our government or our Prime Minister refuses to use any kind of price controls in Britain and allows price-inflation to rise unabated, he should not be surprised when the unions start to trigger strikes that might improve the wages of the people of Britain.

    After all, I have always been of the opinion that prices force wages up and that this does not work in the opposite direction.

    What do you folks say about this, and is it time that some form of price controls were introduced by this austerity-driven government ?


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    zathrus
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    Re: Could it happen here ? ( Direct price controls ).

    Post by zathrus on Thu 14 Nov 2013, 11:57 am

    Quite amusing Paps. Shocked

    Mind you, even if that could never happen here, I see no reason why there should not be some form of price controls if they are happy and willing to have stringent wage controls in force.

    The feel-good factor is never going to come back to Britain so long as the prices keep rising and the wages don't.

    The Tories were crowing about the economy looking up and even the new Canadian Bank of England governor was cautiously saying something similar yesterday, but the people on the streets are never going to believe this hype until they start to feel an improvement in their wallets and purses.

    The time is running out for the Tories, and they know it.
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    Hell's Granny
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    Re: Could it happen here ? ( Direct price controls ).

    Post by Hell's Granny on Thu 14 Nov 2013, 1:13 pm

    I would approve of control of prices in the case of certain goods/services; especially when it concerns the necessities of life (utilities and ceratin white goods in particular). With luxuries, I think prices should be left alone, they will find their own level.

    Cheers, HG
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    papa_umau
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    Re: Could it happen here ? ( Direct price controls ).

    Post by papa_umau on Fri 15 Nov 2013, 12:48 pm

    Exactly HG !

    And, that is why I have always said that the "essential goods and services" should never be left in the hands of the privateers and profiteers.

    The free market economy only works where there is true competition and where prices will "find their own levels", as with luxury items that we can do without when we need to and cannot afford to indulge in.


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