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I'm the first to admit the terrible history of centralised planning, but that is a different question to price controls. America and much of UK/Europe have a l
by drpixie 5y ago
I'm the first to admit the terrible history of centralised planning, but that is a different question to price controls.
America and much of UK/Europe have a long history of successful price controls, eg. rent controls, public transport pricing, monopoly pricing controls (power, utilities, etc), and so on. Read the article.
And for those who's reaction is "no no no", you should look into the appalling history of rampant capitalism - explicit or hidden collusion/corruption, resource exhaustion (eg. overfishing), and effects of unmanaged exponential overuse (we make more, it gets cheaper, demand goes up, repeat until crash).
- ericmay 5y agoI don’t think what you cited are examples of price controls, and in cases where they are closer to price controls (like rent control) the benefits are at best debatable and more than likely not great. I’m not opposed to general government regulation or anything either. The article quoted many economists saying that price controls are a bad idea. Idk why you’re suggesting I should read the article here. Did you?