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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. 

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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”.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/how-coles-stopped-the-thieves-and-beat-the-petty-politics-of-profits-20240827-p5k5ti