Chanticleer

How Coles stopped the thieves and beat the petty politics of profits

Populist politicians will probably claim Coles is price gouging. But its results tell a more nuanced story that’s resonating with investors, if not voters.

Aug 27, 2024 – 5.37pm

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There’s a kind of other-worldliness about Peter Dutton’s new campaign against price gouging that’s hard to get your head around.

Just a week ago, US presidential candidate Kamala Harris was rightly criticised by conservatives after using her speech at the Democratic National Convention to call for a ban on grocery price gouging – effectively price controls. Republican candidate Donald Trump responded with a bit of classically unfunny schtick, labelling her “Comrade Kamala”.

James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine.