3 ms·
>France has set up a food pricing system that will sound foreign to American ears: Consumer goods companies like PepsiCo must negotiate with the country’s groce
by TMWNN 3y ago
>France has set up a food pricing system that will sound foreign to American ears: Consumer goods companies like PepsiCo must negotiate with the country’s grocery stores on prices in the stores during a set period. If they can’t come to a compromise, PepsiCo won’t be able to get its products on the grocer’s shelves.
This is absolutely price controls, complete with their inevitable result: The non-availability of the good.
- hn_throwaway_99 3y agoTrying to avoid the classic Internet "every argument is over semantics" debate, but I think that when most people hear "price controls" they are imagining that it's when the government sets limits on prices that can be charged for particular products. So whatever you want to call it, what France is doing is definitely not that.