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1 point

It didn’t, not in the US, not in Soviet Union

In the Soviet Union it caused rationing instead. Here’s your coupon for 1 stick of butter

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1 point

Sure buddy those are the only two countries that have existed in the world. So can’t work anywhere.

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4 points

What country would you point to as a success for this policy?

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-1 points
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Can i have your list of valid countries to choose from so that my answer doesn’t get disqualified for picking a third world country.

a maximum retail price exists for most if not all goods in India. And it helps slow down inflation.

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1 point

It doesn’t work because it’s a stupid idea.

If there’s a cap on the price of a type of good, then obviously only the lowest quality things get made. If you cap shoes to $10, they will only sell shoes imported from sweatshops.

If you specify exactly how something is made, like $20 for made in USA shoes, they will import it from a sweatshop and sew a logo on it in the US.

If you specify how much labor must be done in the US, there’s a chance nobody would bother since selling the $10 sweatshop shoe has better profit margins

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0 points

Yeah thats not how the prices are set tho so your entire premise and basis is stupid. Have a good day. Do some reading.

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