1 Comment
⭠ Return to thread

Even Wapo called Kamabla the C word saying, "Whey your opponent calls you a communist, maybe don't propose price controls".

Also excellent & fun read from Robert Sterling on X, be sure to read the whole thing, starts out; "People need to stop overreacting about Kamala’s plan to reduce food inflation, as if it would lead to communism, mass starvation, and the end of America.

I worked in M&A in the food industry. Here’s a step-by-step summary of what would actually happen:

1. The government announces that grocery retailers aren’t allowed to raise prices.

2. Grocery stores, which operate on 1-2% net margins, can’t survive if their suppliers raise prices. So the government announces that food producers (Kraft Heinz, ConAgra, Tyson, Hormel, et. al.) also aren’t allowed to raise prices.....

https://x.com/RobertMSterling/status/1824840348008391127

Expand full comment