Official inflation reports from the U.S. Bureau of Labor Statistics

Kamala Harris Proposes 'Communist' Price Controls on Food to Tackle Inflation

Aug 15, 2024, 12:36 PM

Vice President Kamala Harris has announced a new economic policy initiative focused on implementing price controls on the food and grocery industries. This move is aimed at combating inflation, which has led to high food prices, a significant concern for many Americans. The proposal has sparked criticism, with some comparing it to economic strategies used by socialist governments, such as those in Venezuela and Zimbabwe, which resulted in food shortages and hyperinflation. Critics argue that price caps can lead to reduced production as companies find certain products unprofitable, potentially exacerbating shortages. Some have labeled the initiative as 'Communism' and 'Marxist.'