The irony is that the government is already doing it, and they have a branch of government that is implementing it, but the question is, is that problem solved? I mean, yes, they checked those rent prices and monitored other item prices, but still they don't take action, and mostly they will say we will increase the suggested retail price as the supplier also increased the price or because of the current economic crisis, all of the repairs in the house also increased, which is why the rent was also increased. Well, they can't really control the price, like lowering it; they can only check if it is overpriced or not, but again, there are only a few that got sanctioned or went to jail for doing this.
We either have free markets or we do not, many governments are afraid of taking very abrupt decisions like interfering directly on a single market as they know they will get a very negative reaction if they do it.
So it is up to the people to realize when a product or service is overpriced and acquire the one which is fairly priced, after all who has not faced a situation in which an item has a certain price with a vendor and then you find the same item being sold for double or even the triple amount with another vendor? Your responsibility as a consumer is to avoid the latter vendor which is trying to cheat their customers and buy from the former one that is offering you a fair price.
