Canada’s grocery business is controlled by large players and needs government assistance to encourage new entrants to bring down prices, a report from Canada’s Competition Bureau says.
Much cheaper to break up the monopolies and change the system to prevent them forming in the first place. Subsidizing new entrants without changing the environment that creates monopolies will just feed the beasts with fresh meat.
Exactly. The big corps will just buy the new players and everything will go back to the way it was.
This government has no vision.
In other news, water is wet!
We used to have laws and regulations in place for stuff like this, same with the USA. As years passed they lost their teeth
Canada’s regulatory agencies feel so incredibly spineless. So many industries here are unchecked oligopolies with skyrocketing prices.
My American friends are jawdropped when I tell them how much food, internet, and cell plans cost here.
The people in charge… They’re all bought and paid for. That’s why.
Regulatory capture is a common theme regardless of industry here
Right???
No crap! Duhhh. Finally competition bureau is doing some of their home work. And new entrant encouragement isn’t the only action that’s available. And that’s not the only sector that’s been consolidated either. Someone needs to kick the behind of these bureaucrats.
