Title: France HIKES Food Prices as Police Get Violent with Gilets Jaunes | Jack Buckby Source:
[None] URL Source:https://www.youtube.com/watch?v=LTpfyTt5n4E Published:Feb 19, 2019 Author:staff Post Date:2019-02-19 05:09:53 by Horse Keywords:None Views:107 Comments:7
The French government controls the retail prices of food?
A new law decrees French supermarkets must get greedier The agriculture ministry is forcing retailers to raise the price of staple foods
Print edition | Business Feb 7th 2019 | PARIS
Given that five supermarket chains control around 80% of all organised food retailing in France, the authorities there may seem justified in probing how competitive the market really is. Too competitive, apparently: on February 1st a new law forced retailers to raise prices of food staples lest consumers be unduly profiting from shops trying to lure them with good deals.
Too competitive, apparently: on February 1st a new law forced retailers to raise prices of food staples lest consumers be unduly profiting from shops trying to lure them with good deals.
Say what? Are the stores paying people to haul out groceries?
See how that works?
Actually, no.
Pretty neat, no?
I still don't understand the logic. Forgive me, I'm olde. I hope that doesn't come to a Kroger near me.
French legislature passes a law and then through their Ag Dept. retailers are forced to do thus and such. That's what I meant by "See how that works?"
Now, what French retailers are not doimg is something on the level of bait- and-switch. Rather it is just advertising and selling loss leaders - which is legit marketing in my experience. French law wants to rig the marketplace to favor the social contract as lawmakers see it.