I went shopping today, which is enough to deepen my hostility to supply management. How so?
First, $4 a liter for milk.
$10 for a big block of monterrey jack.... or any other cheese. Two problems with this: the price and the selection. $10 is way too much. But most of the cheese is in this very big size, so that means that I have to pay a lot and then use about half or a bit more and then the rest turns blue before I can finish it.
And that is the problem with cartels--they limit price AND selection--as they game the products to maximize their profits without the fear of competition. With competition, I might get a better selection of sizes and I might get a better price. With a government sanctioned cartel? Neither.