Proposed amendments to the Consumer Protection Act are a welcome step from the government to regulate the market and give citizens some measure of protection against price gouging, Hagag El Husseiny writes for Al Ahram. The amendments do not contradict the basic tenets of a free market where prices are determined by supply and demand, he maintains, and will have a significant positive impact on citizens struggling to keep up with inflation. El Husseiny urges MPs to approve the bill as quickly as possible, regardless of the pressure and resistance they may face from those who benefit from soaring prices.
Ah, the stench of socialist populism in the morning…