Inflation is too many dollars chasing too few goods. The logical solution is to identify how much of everything people actually need and domestically produce at that scale. And, along the way, cutting a bunch of the subsidy and industrial waste that dilutes retail buying power.
Shrinkflation, Greedflation, etc - these aren’t symptoms of potato chips and bottled water suddenly becoming way more expensive to produce. They’re purely profit-driven price increases. So establish a state mandate on a “small” / “medium” / “large” bag of chips at X / 2X / 4X oz of foodstuff, nationalize a potato chip factory that’s been scraped by a manufacturer, and start putting out bags at that size for a fixed price relative to the input cost of potatoes, energy, and labor.
Then, if the private sector wants to compete, they can try and match a generic quality of food produced by a non-profit state actor operating at cost. And set the production quota of the non-profit state actor as “number of bags of chips people pre-order for next month” - “number of bags of chips private agents commit to produce at a fixed unit price”.
Fill the supply gap so everyone who wants a bag of chips can have one at a designated price. Do it at cost, rather than at some ill-defined wholesale + retail markup rate. Distribute the bags through the USPS, just like Amazon distributes private potato chip bags through their privatized postal system.
I guarantee you’ll be able to supply chips at a lower price than current retail rates and at a price that is far more stable than what we’ve seen in grocery stories nationally over the last ten years.
Where did you read about this? It’s cool and interesting and I’d like to read more about it.
Richard D. Wolff is a professional economist who covers this more extensively than I could do justice. “Democracy at Work: A Cure for Capitalism” takes a deep dive into these ideas. But he’s also got a ton of podcast media to listen to, if you want something more bit-sized and drive-time friendly.
“The People’s Republic of Walmart” is another good one. Basically laying out how enormous corporate conglomerates have proven the functional efficiency of command economies.
You have my attention on how to do it without inflation.
Not a dig, actually curious
Inflation is too many dollars chasing too few goods. The logical solution is to identify how much of everything people actually need and domestically produce at that scale. And, along the way, cutting a bunch of the subsidy and industrial waste that dilutes retail buying power.
Shrinkflation, Greedflation, etc - these aren’t symptoms of potato chips and bottled water suddenly becoming way more expensive to produce. They’re purely profit-driven price increases. So establish a state mandate on a “small” / “medium” / “large” bag of chips at X / 2X / 4X oz of foodstuff, nationalize a potato chip factory that’s been scraped by a manufacturer, and start putting out bags at that size for a fixed price relative to the input cost of potatoes, energy, and labor.
Then, if the private sector wants to compete, they can try and match a generic quality of food produced by a non-profit state actor operating at cost. And set the production quota of the non-profit state actor as “number of bags of chips people pre-order for next month” - “number of bags of chips private agents commit to produce at a fixed unit price”.
Fill the supply gap so everyone who wants a bag of chips can have one at a designated price. Do it at cost, rather than at some ill-defined wholesale + retail markup rate. Distribute the bags through the USPS, just like Amazon distributes private potato chip bags through their privatized postal system.
I guarantee you’ll be able to supply chips at a lower price than current retail rates and at a price that is far more stable than what we’ve seen in grocery stories nationally over the last ten years.
Ah, so a combination of price fixing and turning every supplier into a price-taker. I like it.
In your example marketing and differentiation come into play more than price differentiation - which is what the free market should focus on.
I’ve never heard of this model before. Where did you read about this? It’s cool and interesting and I’d like to read more about it.
Has this been implemented anywhere before?
Richard D. Wolff is a professional economist who covers this more extensively than I could do justice. “Democracy at Work: A Cure for Capitalism” takes a deep dive into these ideas. But he’s also got a ton of podcast media to listen to, if you want something more bit-sized and drive-time friendly.
Oh awesome I love Dr Wolff. I didn’t know he had a podcast. I’ll check that out, and I’ll probably pick up that book too.
“The People’s Republic of Walmart” is another good one. Basically laying out how enormous corporate conglomerates have proven the functional efficiency of command economies.