As Food Prices Stay High, 64% of Americans Support French-Style Crackdown on Corporate Greed
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Food prices remain stubbornly high in the U.S. despite declining costs of raw materials, concerning consumers. The government has done little beyond shaming corporations.
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In contrast, the French government is taking aggressive action, pushing supermarkets to stop stocking major brands that don't lower prices.
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There is appetite among Americans for similar intervention - 64% support laws requiring companies to lower prices when input costs drop.
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Economist Isabella Weber proposed "strategic price controls" to curb corporate greed driving inflation. The idea faced backlash but evidence supports it.
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Biden's shaming of companies is ineffective. Following France's example of concrete action would be politically popular and help control high food prices.