Critical Resources Watchdog

Capitalism is by far the better of the evils available for socio economic platforms and policies although it is far from perfect.

It seems that without oversight, the greed of capitalism can definitely get out of control and create a wider gap between the haves and have nots.

Have you notices that especially petrol stations, are very quick to raise their prices and slow to bring them back down. Have you also recently noticed the wide difference in price from one area to another. Clearly the petrol giants are out of control and fuel and energy prices have a huge knock on effect to food prices and cost of living. Clearly some encouragement is required for energy providers and other critical resource providers to have more empathy for the common persons hip pocket.

I do not propose complete regulation, however, I believe that an oversight watchdog needs to monitor the self management of businesses in regards to equitable distribution of wealth and fairness and affordability in pricing. This is especially valid in regard to energy prices such as petrol, gas and electricity. All 3 of these have a huge impact on inflation and affordability when private enterprise cannot control it's greed.

The "Critical Resources Watchdog" will monitor pricing and profit margins as well as supply and demand impact on prices to ensure the population is not getting price gouged. The Critical Resources Watchdog will not step in unless it notices price gouging or collusion in pricing. At this point it will issue notices warning of further action unless the perpetrator business modifies it's pricing in line with accepted guidelines. If the business fails to do so, it will be fined a multiple amount of the profit gained from collusion or gouging and a temporary regulation placed on the Industry involved. This will count for all businesses and not just the infractor. If the infraction continues a semi permanent regulation will be placed on the industry.

This should convince business to play for the community instead of themselves and provide equity and stability in pricing and extra money in the pockets of purchasers which can only be good for the economy.