Quote:
Originally Posted by Azure
How is the price of milk set in Canada and who dictates how much is supplied?
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Do you mean the wholesale price or retail?
The wholesale side is irrelevant to what people are actively willingly paying for milk at the grocery store, there are no cost controls on retail milk prices.
If people have already proven that they’re willing to pay the current price, what incentive would retailers have to lower the price if they get it cheaper from wholesalers? The answer is none.
People really like to rag on supply management because they have been lead to believe that getting rid of it is going to magically lower the prices they pay at the till. Yet their arguments for why they believe that are generally theoretical things like supply and demand, which are only about as universally proven as trickle down economics.
Supply management isn’t perfect but deluding ourselves about it isn’t going to be beneficial.