Sol de Mallorca
Dear Sir, PRICE capping legislation would be idiotic. Idiotic because it would cost a fortune to enforce of taxpayers money.
Idiotic because experience everywhere, not least in the excommunist block, shows that price caps don't work. They cause shortages and poor quality, not affordable, available services. Idiotic because businesses wouldn't seek to trade up to this higher quality tourism that Majorcan governments so love if they could not charge accordingly. But most of all, idiotic because it would be yet another fascist intrusion on the rights of individuals to trade value for value as they see fit nobody forces tourists to spend money in bars and cafs, and business owners are the best placed to decide on the best prices for the services they offer. I am tired of hearing politicians and journalists citing so called ripoff businesses who supposedly make easy money by hiking up prices. Reality is different the bar next door and ultimately the customer's option to go without altogether prevent this from being a viable strategy, and usually leads not to easy wealth, but to empty premises and bankruptcy. I'd love to see these expert commentators put their money where their mouth is and open up shop we currently in the trade could surely pick up some great tips from their armchair genius. The best solution would be to put volumes and volumes of stupid legislation like this proposal through the shredder. That would lower the barriers to new entrants, and let the free market rip, resulting in more choice, more competition, better prices and better quality. The legislation would achieve exactly the opposite.
David Bertelsen, Palma
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