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this post was submitted on 10 Oct 2024
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You can do that. Many others would argue differently. There is no particular reason to think anyone is correct - even though everyone likes to think they are right all the time.
Don't forget that stated support for something and actions often tell very different stories.
So how about capping the price of several prescription drugs, resulting in lower profits for pharma companies? Or Walz implementing free school lunches in Minnesota? Those actions speak about anything to you?
Plenty of ecconomicists have said why capping prices are bad. That you read others is your choice. This is supposed to be an exercise in undertanding, not an exercise in convincing someone they are wrong. So quit asking what I think. Instead understand what and why they think - they are not stupid.
It's not about whether capping some prices is good or bad for the economy. It's about whether it helps poor people or not, whether its something in-line with Christian principles of helping the poor.
You were asking for actions that back up their words, so I give you actions that show one party is much more in-line with Jesus' teachings. Where the other one just spits on them while waving an upside-down bible for a photo op.
Something that makes things worse for everyone doesn't help the poor at all. Sure it sounds good, but anyone who looks at deeper effects will discover that it is even worse for the poor.
Worse for everyone? I'm not so sure about that, the stock price of one pharma company is not "everyone". So you really think capping the price of insulin somehow makes things worse for the poor, who already are struggling to afford it? Not sure how much worse it can get for them, if they can't afford a drug they need to live. That seems pretty close to dying.
So what is your solution, my good capitalist?