So we were stunned to see that local markets are continuing to sell potatoes at record-high prices. When there's a glut, aren't the prices supposed to go down?
But in fact, Cairns residents are not only paying record-high prices for potatoes, but we're paying shockingly high prices for this basic commodity GROWN LOCALLY. Witness pricing from a market in suburban London and a market in suburban San Francisco.
So many of our basic needs are subject to price manipulation by big business, and condoned by the government. Some of these markets include:
- Petrol - when the dollar increased in value, our petrol went up. Now the dollar decreases in value, they use this excuse to raise the petrol price again. It never follows the market!
- Insurance - years of empty yammering by the Minister for Blogs Warren Entsch (who's now on a crusade to identify gay parliamentarians) and there is no sign of insurance fairness.
- Electricity - this one has so much political manipulation and gangsterism in it who knows what the hell has gone wrong. But the facts are easy - electricity in the US; 10 cents kWh, Canada; 12 cents a kWh, Queensland; 26 cents a kWh!
The fact is that markets rarely perform as they should without the shadow of government regulators who are empowered to do their jobs. And neither the ALP nor the LNP have supported and encouraged proper regulation of business markets in Australia. Many of these same failed business markets contribute heavily to the campaigns of BOTH political parties. Supply and demand DOESN'T work because business has paid off the ones that are supposed to be looking after us!
Where are our 40 cent/kg potatoes? That's how the market is supposed to work, kids. But instead powerful farmer organisations fight hammer and tong against farm imports in order to protect their inefficiencies and massive profits. And, it is immoral for farmers to be destroying perfectly good potatoes while 1/4 of the world's population never has enough to eat.
Tony Abbott and his LNP government promised to lift the weight of massive pricing increases on the middle class. He's done bupkis. And Warren Entsch is hot on the trail of homos.