“The market dictates”: Ford won’t ban surveillance pricing on groceries, but personally opposes it

From Global News.

Ontario Premier Doug Ford told reporters “No” on Thursday when asked if he would follow in the footsteps of Manitoba and ban “surveillance pricing” on groceries.

Surveillance pricing is when personal data is used by corporations to increase the prices consumers pay for products both in-store and online.

Asked if his response meant he is “okay” with grocery stores using surge pricing on basic food items, Ford was clear that he “did not say that” but that consumers should “let the market dictate” food prices.

The premier clarified: “There’s no better way of letting people get lower costs than competition. That is what we believe in. That’s a capitalist society [and] market. The other one is socialism. Socialism does not work. You go around dictating and overseeing every single price. No. If there’s collusion on pricing, I’ll go after them and tear them to shreds. But nothing beats free market.”

For more info, please go to https://globalnews.ca/news/11802437/algorithmic-pricing-ban-ndp-motion/

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Follow Global News on X HERE: http://bit.ly/1Toz8mt
Follow Global News on TikTok HERE: https://www.tiktok.com/@globalnews.ca?lang=en
#GlobalNews #Ontario #DOugFord #SurveillancePricing #ONPoli