Staff Reports
U.S. Vice President Kamala Harris is set to unveil a new economic initiative that leans heavily into the concept of Soviet-style price controls, sparking concerns among citizens who value free-market principles. This grand announcement, purportedly her first meaningful policy speech since being deemed the Democratic candidate, intends to address the rampant inflation that many attribute to the current administration’s questionable economic strategies.
In a bid to regain some semblance of credibility amidst growing criticism, Harris plans to enforce a national ban on price gouging and price-fixing. This sweeping measure, aimed at restoring faith in her party’s economic management, seeks to pacify voters disgruntled by President Biden’s financial mismanagement dubbed by many as “Bidenflation.” It seems that the Democrats believe a little governmental shakedown of the business world may distract from the economic repercussions of their policies.
Kamala showing her ‘true colors’ ~ ~ Kamala Harris to announce Soviet-Style price controls on food under guise of ‘Gouging Ban’ https://t.co/ohOasaW6KG pic.twitter.com/5st680Bdfu
— Mary (@matjendav4) August 15, 2024
A closer look at Harris’ plans reveals that she intends to push the Federal Trade Commission to crack down on so-called “big corporations.” Perhaps the term “big corporations” is just a euphemism for any business that dares to succeed in a heavily regulated marketplace. This approach bears an uncanny resemblance to the heavy-handed tactics of bygone communist regimes, which also fancied themselves as protectors of the common man while suffocating competitiveness under mountains of bureaucracy.
Moreover, Harris’ economic proposals are expected to target the food and grocery sectors, with a particular focus on the meat industry. She plans to label industry middlemen as “particularly egregious” price fixers who have historically manipulated market prices. One has to wonder whether she realizes that these “egregious” practices often emerge as a response to excessive regulation and government interference—an irony that doesn’t seem lost on the more economically literate citizens.
While Harris is busy mapping out plans to slash prescription drug and housing costs, the question remains: will she actually back up her promises with real actions? Or will this be another instance of the Democrats shouting into the void, only to retreat into the shadows when it’s time for accountability? With her track record of avoiding press conferences and media scrutiny, it’s clear that all the talk may just be that—talk, without the requisite follow-through.
As Harris gears up to connect with voters in Raleigh, North Carolina, the stakes are high, and so are the costs of her ambitious plans. Conservatives are left wondering how many more economic controls it will take before the American public starts to realize that a command-and-control model isn’t the answer to promoting prosperity.
