The Harris-Walz campaign has said they want to create a federal ban on corporate price gouging (usually mentioned when folks talk about price hikes in grocery stores). I see economists complaining about variations of this policy being bad, e.g. leading to food desserts. But as far as I can tell there hasn’t been anything specific proposed. Could someone explain our best guess at what they are proposing, and if it’s been serious analyzed/tested elsewhere?

They cite existing legislation in the states; maybe explaining what that legislation does/how it works would be helpful?

  • spizzat2@lemm.ee
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    1 month ago

    How do you define “compete”?

    Here they are on opposite corners of the same intersection.

    Sure, that’s only one example, but I’m not sure how well I can Google “Kroger near an [Albertsons|Randalls|Safeway]” to find a list.

    • ryathal
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      1 month ago

      There are about 600 stores they want to divest where there was actual competition between them. The two control about 5000 stores between them.