While true that price controls create dead weight loss, the failure of neo-liberal economic policy shows that dead weight loss isn’t always a bad thing and that

While true that price controls create dead weight loss, the failure of neo-liberal economic policy shows that dead weight loss isn’t always a bad thing and that economic efficiency at the expense of people can have terrible consequences. Supporting domestic industry, when cheaper global alternatives exist is a form of dead weight loss, but it prevents your middle class from being hollowed out and keeps your society healthy. The same can be said for living wages.