Reply To: Cost of living crisis
Another move in the only game in town:
https://www.bbc.com/news/uk-65736944.amp
Note the political ignorance of the Labour spokesperson. It wasn’t just Tory PM Heath who introduced price controls. He was merely pursuing the policy of the preceding Wilson Labour government which even imposed (or tried to) a freeze on the price of labour-power.
It won’t work anyway. One reason why the price of basic necessities like bread and milk has gone up is that, with the rise in the cost of living, people are cutting back on less essential things to buy them, so maintaining the paying demand for them and allowing the supermarkets to put up the price of them.
You can’t beat the economic laws of capitalism.