<p>An Axios reporter rushed to the defense of Vice President Kamala Harris&#8217; heavily criticized proposal to control grocery prices on Tuesday, but her article was hit by a community note on X that provided some important context.</p>
<p>Axios Markets Correspondent Emily Peck wrote, &#8220;One of Kamala Harris&#8217; most controversial policy proposals is a ban on grocery price gouging — critics are conflating the idea with Soviet-style price controls, and calling the plan &#8216;Kamunism.'&#8221; Peck added, &#8220;If banning price gouging is communist, then the U.S. went Marxist long ago. Most of us live in states that already have bans in place.&#8221;</p>
<p>Axios also posted a link to the article on X with the caption, &#8220;Don’t call it price controls: How price gouging bans really work.&#8221;</p>
<p>X slapped a community note on Axios&#8217; post, pointing out that the same author <a href="https://www.axios.com/2023/05/31/uk-inflation-food-prices" target="_blank" rel="noopener">called</a> it &#8220;price controls&#8221; when the U.K. considered a short-term policy in 2023 to push retailers to agree to standardized prices on certain groceries like milk and bread. In 2022, another Axios writer, Matt Phillips, referred to the G-7&#8217;s pledge to limit how much Russia could profit from oil sales as &#8220;price controls.&#8221;</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Don’t call it price controls: How price gouging bans really work <a href="https://t.co/tyPKx1nayt">https://t.co/tyPKx1nayt</a></p>
<p>— Axios (@axios) <a href="https://twitter.com/axios/status/1825872194624164346?ref_src=twsrc%5Etfw">August 20, 2024</a></p></blockquote>
<p>Harris promised last week that her administration would punish companies for &#8220;price-gouging&#8221; as food prices have increased due to high inflation rates over the past three years. Bread and ground beef have risen in cost by around 50% since before the pandemic when Donald Trump was in the White House. Dairy products such as milk, cheese, and butter have also jumped more than 30% in price since 2020, according to <a href="https://finance.yahoo.com/news/much-grocery-prices-increased-since-140029491.html" target="_blank" rel="noopener">Yahoo Finance</a>. Eggs are up 54%, and cereal has gone up 28% on average across the country.</p>
<p><a href="https://www.amiracist.com/" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://www.amiracist.com/&amp;source=gmail&amp;ust=1723831707612000&amp;usg=AOvVaw0pyrv88A5nsmWM2F2Wr9As"><b>Tickets for “Am I Racist?” are on sale NOW! Buy here for a theater near you.</b></a></p>
<p>Peck argued that a Harris administration would likely attempt to expand on existing state laws that seek to prevent large companies from hiking prices on essential items during emergencies, such as a hurricane. She wrote that Harris has not provided much detail on her plan, which, Peck claimed, has &#8220;led to wild speculation about what the plan could mean.&#8221; The Axios reporter also argued in favor of Harris&#8217; proposal, writing, &#8220;One advantage of a national ban is that the federal government would have more power to go after big global corporations that are hard to pursue at the state level.&#8221;</p>
<p>Trump referred to the Democratic nominee&#8217;s plan as &#8220;communist,&#8221; saying last week that such a proposal would &#8220;have the exact opposite impact and effect and it leads to food shortages, rationing, hunger, dramatically more inflation.&#8221;</p>
<p>Even the Left-leaning Washington Post ran an <a href="https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/" target="_blank" rel="noopener">op-ed</a> blasting Harris for the price control plan.</p>
<p><span class="im"><b><a href="http://www.amiracist.com/" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=http://www.amiracist.com/&amp;source=gmail&amp;ust=1723831990829000&amp;usg=AOvVaw3t-JaLPfXbCT45cr5z1k7F">WATCH THE TRAILER FOR ‘AM I RACIST?’ — A MATT WALSH COMEDY ON DEI</a></b></span></p>
<p>“At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat,” Catherine Rampell wrote. “(There’s a reason narrower ‘price gouging’ laws that exist in some U.S. states are rarely invoked.) At worst, it might accidentally <em>raise</em> prices.”</p>

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Axios Attempts To Defend Kamala’s Price Control Plan, Receives Brutal Community Note On X