The consumer watchdog's hotly anticipated report into Australian supermarkets concludes the two major players have so much power, they don't need to compete "vigorously", but the ACCC stopped short of declaring grocery prices excessive.
Interesting reading the article. Would be good to see the complete ACCC report.
I diverge from common thoughts here. I don’t want my productivity going to prop up business lobby groups.
Colesworth is the result of an economic system that cannot resolve the need for more efficiencies via economies of scale monopolies and the need for much competition to get an accurate price signal. No Australian party wants to tamper with the current economic system, so it was obvious this ACCC report was leading to nothing.
While a large part of the population is mislead about capitalism or benefitting from the system themselves, I think you’ll find your sentiments are shared by many. Especially here on Lemmy.
This system sucks.
But yeah, our media is so fully captured by corporate interests that any proposal tooooo socialist is promptly demonised.
Oh those profits from our minerals? Nahhhh the foreign companies deserve that. Can’t have a mining tax.
Breaking up monopolies? Nahhhh that’s practically communism (despite competition being part of capitalism’s rhetoric)
Big sad :(
At least Trump will likely secure us another term without an LNP majority government hehe
I diverge from common thoughts here. I don’t want my productivity going to prop up business lobby groups. Colesworth is the result of an economic system that cannot resolve the need for more efficiencies via economies of scale monopolies and the need for much competition to get an accurate price signal. No Australian party wants to tamper with the current economic system, so it was obvious this ACCC report was leading to nothing.
While a large part of the population is mislead about capitalism or benefitting from the system themselves, I think you’ll find your sentiments are shared by many. Especially here on Lemmy.
This system sucks.
But yeah, our media is so fully captured by corporate interests that any proposal tooooo socialist is promptly demonised.
Oh those profits from our minerals? Nahhhh the foreign companies deserve that. Can’t have a mining tax.
Breaking up monopolies? Nahhhh that’s practically communism (despite competition being part of capitalism’s rhetoric)
Big sad :(
At least Trump will likely secure us another term without an LNP majority government hehe