Some things are simply true whoever it is that tries to do them. If the just and righteously socialist decide to take over vast swathes of the economy then we’ll have vast swathes of the economy run with bureaucratic efficiency. If Greens insist we all live like medieval peasants then we’ll all live like medieval peasants. And if Tories bring in price caps then we’ll have all the effects pf price caps. Like, you know, no suppliers and no supply of the thing being price capped.
Note that when the Bolivarian socialists in Venezuela made food nice and cheap suddenly there was no food. This law about supply and demand doesn’t change simply because it’s energy being price capped by Conservatives:
Energy titan Npower is axing at least 4,500 jobs after warning a price cap has left its consumer business in a “critical and unsustainable” state.
The loss-making company will slash almost 80pc of its UK workforce in a battle to stay afloat, dealing a huge blow to staff before Christmas.
Npower has suffered a torrid year amid an influx of cut-throat competitors offering cheaper deals, while profits across the industry are down after the Government imposed an energy price cap at the start of 2019.
It’s not that there’s competition which is the problem. It’s that there’s not the freedom to compete which is. Price caps being just that, a limit upon that market competition.